DUBLIN–(BUSINESS WIRE)–The “Innovation in Blockchain Payments” report has been added to ResearchAndMarkets.com’s offering. This report explores how the payments industry can benefit from blockchain te...
Tag: Settlements
Norway, Sweden, And Israel Plan A Joint CBDC Development With Bank of International Settlements
– Advertisement – As CBDCs get more popular, the Bank of International Settlements (BIS) is partnering with three central banks to develop them. Stablecoins are getting more popular, not j...
Settlements With China — Russia Plans Next Step for Digital Ruble – Finance Bitcoin News
Russia intends to use its digital ruble, to be introduced early next year, for payments with its key ally, China. Authorities in Moscow hope other nations will be willing to adopt the Russian digital ...
Bank of International Settlements: ‘CBDC pilot successful’; $22 million transacted across 4 jurisdictions
CBDC pilot involving China, Hong Kong, Thailand, and the UAE successful 20 commercial banks, $22 million dollars worth of transactions CBDC adoption is being considered by the majority of central bank...
Report With an Eye on Mutual Settlements with China, Russia To Launch CBDC Early Next Year: Report
Russia is on course to launch its CBDC early next year and use the new currency in mutual settlements with China that has already tested its digital Yuan, a senior Russian lawmaker said in an intervie...
Bank of International Settlements green signals CBDC 1
The Bank of International Settlements (BIS) has branded its recent CBDC pilot test a success after it saw transactions going to $22 million. The CBDC was tested across many jurisdictions in the span o...
Russia aims to use CBDC for international settlements with China: Report
Russia is in the pilot phase of its central bank digital currency development (CBDC), and new reports indicate that the country could use its national digital currency to settle international trade. A...
ECB should have DLT wholesale settlements when the market wants it, official says
The European Central Bank (ECB) needs a wholesale central bank digital currency (CBDC) because market players expect it, ECB executive board member Fabio Panetta told a banking symposium in Germany on...
Russia Plans to Use Digital Rouble In Settlements with China, Says Lawmaker
A senior Russian lawmaker disclosed on Monday that Russia plans to use the CBDC in mutual settlements with China after the country launches a digital rouble early next year, as it seeks to reduce the ...
Can Russia evade sanctions with international crypto settlements 1
Russia has been making moves over the last few months to legalize a framework that will see residents of the country offset international payments with crypto. However, there is a growing negative per...
Russian officials could approve cross-border settlements in crypto: Reports
Russia’s finance ministry and central bank reportedly have agreed on a bill to allow cross-border settlements in crypto, reversing the Bank of Russia’s previous opposition. The bill could give R...
Russian Government Officials Reach Agreement To Legalize Crypto for Cross-Border Settlements: Report
Russia is reportedly legalizing digital assets for cross-border settlements under a new agreement struck by the country’s top financial authorities. According to a report by Russia-based publication K...
Russian Businesses to Choose Which Crypto to Use for Cross-Border Settlements, Lawmaker Says – Bitcoin News
Russian companies may start transacting in cryptocurrency with partners abroad as early as next year and will be free to pick the coin they want to use, officials in Moscow have indicated. The sanctio...
Bank of Russia Finally Permits Cross Border Crypto Settlements
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Russia Explores Stablecoins for Settlements With Friendly Nations – Finance Bitcoin News
Russia is cooperating with friendly countries on the potential employment of stablecoins in international payments, a top government official unveiled. The news comes after key institutions in Moscow ...
Russia Working With Several Friendly Nations on Cross-Border Settlements in Stablecoins
Russia is working with several friendly unnamed nations to develop bilateral platforms for cross-border settlements in stablecoins, according to a report by Russian media TASS, citing a statement from...
Russia Seeks To Use Stablecoins For Cross-Border Settlements
According to reports, Russia’s Finance Ministry has started collaborating with “friendly” governments to create a cross-border stablecoin-based payments platform. Russia To Turn To Stablecoins Accordi...
Russia Exploring Stablecoin Settlements With Friendly Nations: Report
Tass quoted Russia’s Deputy Finance Minister Alexey Moiseyev as saying, “We are currently working with a number of countries to create bilateral platforms in order not to use dollars and euros. We off...
Russia to Explore Cross-Border Stablecoin Settlements
Key Takeaways Russia has indicated that it is exploring stablecoins in the context of international settlements. The stablecoins in question are for use on bilateral platforms and are tied to commodit...
Russia To Legalize Crypto For Cross-Border Settlements ⋆ ZyCrypto
Advertisement     Russia’s famed antagonism towards cryptocurrencies is slowly fading away as the transcontinental country appears to be softening its legislative appr...
Cross Border Crypto Settlements Get Green Signal From Bank Of Russia
Bank of Russia which is the nation’s central bank has admitted that cross-border crypto transfers are next to impossible to avoid. At the current moment, the geopolitical climate of Russia has been un...
Just In: Ripple Payment Solution To Provide Low Cost Cross-border Settlements From Japan to Philippines
– Advertisement – Coins.ph and OK Remit Tap Ripple Payment Solution for Cross-border Settlements From Japan to the Philippines. Ripple Payment Solutions bags yet another adoption for cross...
Users Can Now Convert Ripple (XRP) to Mexican Pesos For Cross-Border Settlements
– Advertisement – Everest Partners Bitso to Facilitate Cross-Border Settlement from Ripple (XRP) to Mexican Pesos. ? We’re excited to partner with @Bitso, the largest #crypto excha...
Ripple Lands Partnership With Singapore-Based Payments Firm To Leverage XRP for Cross-Border Settlements
A Singapore-based payment solution provider is going to use On-Demand Liquidity (ODL), Ripple’s XRP-powered cross-border payment product. FOMO Pay will use ODL to improve its cross-border treasury flo...
Bank of Russia Says Stablecoins Are Not Suitable for Settlements – Finance Bitcoin News
The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for payments. The monetary authority reacted to a statement by a top finance ministry official...
Bank for International Settlements to allow banks to keep 1% of reserves in Bitcoin
Despite its skeptical approach to digital currencies, exacerbated by the recent cryptocurrency market crash, it looks like the Bank for International Settlements (BIS) intends to extend its hand to th...
Russia to Trial Digital Ruble Settlements for Real Estate Deals – Bitcoin News
The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts ...
Bank for International Settlements Is Trying “I Told You So” Trick On Crypto Industry As Bear Market Sets It
– Advertisement – BIS Says Crypto Market Facing The Music As The Current Crypto Implosions Were Long-awaited. For years now, the rise of alternative currencies, in form of digital currenci...
What’s the goal of joint efforts made by the Bank of Israel, International Settlements and Hong Kong for CBDC Cybersecurity?
Authorities want to make sure of this completely that a digital currency would have no threats over the economy anyhow. Hong Kong Monetary Authority, the Bank of Israel and the Bank for In...
CBDC Cybersecurity To Be Tested By Hong Kong, Bank Of Israel And Bank For Int’l Settlements
CBDC, or central bank digital currency, will be the main focus of three major financial and lending institutions to validate the feasibility of new digital currency system, the Bank of Israel said on ...
Bank For International Settlements Explains MEV & Ethereum Market Manipulation
The “miner extractable value” or MEV and its effects are one of the industry’s open secrets. And the Bank for International Settlements recently put out a document titled “Miners as intermediaries: ex...
Bank for International Settlements Says Cryptocurrencies Have One Huge Disadvantage to Traditional Finance
The Bank for International Settlements (BIS) says that crypto assets may have one massive downside compared to the traditional financial system. In a new bulletin from BIS, the institution says that b...