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Banks CBDC ECB EU Regulation

ECB to consider further digital euro study in 2021

The report is only the start of the discussion and raises more questions before officially studying the digital euro. The European Central Bank (ECB) could begin seriously considering and studying the digital euro by mid-2021, the bank said in a report released Oct. 2. The report examined how a digital euro may impact retail payments and […]

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Adoption Banks Blockchain Business cryptocurrencies South Korea

Major South Korean Bank Joins the Crypto Custody Business

We’re suddenly seeing banks lining up to support crypto custody, and KB Kookmin Bank is looking to get in on the action. KB Kookmin Bank, one of the largest banks in South Korea, has partnered with blockchain venture fund, Hashed, and crypto trading platform, Cumberland Korea, to establish “strategic technology cooperation” on the custody of […]

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Banks Blockchain Cambodia CBDC Payments

The National Bank of Cambodia Will Launch a Digital Payments Network This Quarter

Cambodia is the latest country to demonstrate serious pro-blockchain action. The National Bank of Cambodia’s new digital currency is called Bakong. It’s effectively a central bank digital currency (CBDC) that was launched on a trial basis throughout Cambodia in July. Chea Serey, director-general of the National Bank of Cambodia, said the system will be operational within […]