Community business development corporation

Monetary asmmetries without (and with) price stickiness

Retrieved on: 
Friday, April 19, 2024
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Key Points: 

    Central bank digital currency and monetary policy implementation

    Retrieved on: 
    Thursday, April 18, 2024

    Key Points: 

      Transactional demand for central bank digital currency

      Retrieved on: 
      Thursday, April 18, 2024

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        Digital euro safeguards – protecting financial stability and liquidity in the banking sector

        Retrieved on: 
        Thursday, April 18, 2024

        A digital euro would offer a wide range of

        Key Points: 
          • A digital euro would offer a wide range of
            financial stability benefits, including safeguarding the role of public money and
            strengthening the strategic autonomy and monetary sovereignty of the euro area in
            the digital era.
          • Keywords: CBDC, digital euro, bank intermediation, financial stability risks.
          • A digital euro has the potential to offer a wide range of financial stability
            benefits for the digital era.
          • A digital euro would
            stimulate financial innovation among private sector entities and enhance the
            efficiency and resilience of the financial system by supporting competition and
            diversity within it.3 In addition, a digital euro would strengthen the strategic autonomy
            and monetary sovereignty of the euro area.
          • A digital euro would be designed to minimise risks to the financial system.
          • 2

            The preparation phase will pave the way for a future decision on whether or not to issue a digital euro.

          • When gauging the implications for the euro area banking sector of introducing a
            digital euro, take-up would be key, as it would determine the level of deposit
            outflows.
          • In the latter case, the
            issuance of a digital euro would not affect banks? balance sheets, since banks would return euro
            banknotes to the Eurosystem in exchange for digital euro.
          • Banknotes and digital euro are two different
            types of central bank liability, so a swap between banknotes and digital euro would only affect the
            composition and not the size of the Eurosystem?s balance sheet.
          • In our analysis, we model only the
            substitution of commercial bank deposits with a possible future digital euro.
          • 8

            The legislative proposal on a digital euro provides for the inclusion of such safeguards and establishes
            specific criteria for the limits, aiming to contain the use of a digital euro as a store of value.

          • ECB Occasional Paper Series No 346

            4

            2

            The added value of digital euro
            safeguards such as holding limits
            To understand the benefits of digital euro safeguards, such as holding limits, it
            is useful to first consider the implications of introducing a CBDC without
            adequate safeguards.

          • (2022), ?Central bank digital currency and bank intermediation: Exploring different
            approaches for assessing the effects of a digital euro on euro area banks?, Occasional Papers, No 293,
            European Central Bank, Frankfurt am Main, May.
          • deciding to adopt the digital euro, and (ii) the average amount of digital euro in a
            wallet.
          • At the same time, as discussed in this paper, the design of a digital euro would
            include effective safeguards, such as individual holding limits, to mitigate
            potential financial stability risks.
          • ECB Occasional Paper Series No 346

            15

            an upper bound on the amount of digital euro in circulation, thereby addressing and
            limiting financial stability concerns associated with the introduction of a digital euro.

          • (2023), ?A digital euro: gauging the
            financial stability implications?, Financial Stability Review, ECB, November.

        EQS-News: GFT Technologies SE: UDPN launches All-in-One Digital Currency Sandbox

        Retrieved on: 
        Wednesday, April 10, 2024

        The Universal Digital Payments Network (UDPN)’s new All-in-One Digital Currency Sandbox, launched on 29th February, enables both commercial and central banks to learn about the latest digital currency technology, test built-in use cases, and develop their own new custom use cases.

        Key Points: 
        • The Universal Digital Payments Network (UDPN)’s new All-in-One Digital Currency Sandbox, launched on 29th February, enables both commercial and central banks to learn about the latest digital currency technology, test built-in use cases, and develop their own new custom use cases.
        • Marika Lulay, GFT's CEO, declared, “With the All-in-One Digital Currency Sandbox, we are making a significant leap in digital currency deployment.
        • The UDPN Sandbox has the full range of digital currency technologies including retail CBDC, wholesale CBDC, tokenised deposits, stablecoins, purpose-bound money, and security and bond tokenisation systems.
        • The All-in-One Digital Currency Sandbox enables commercial and central banks to learn about the latest digital currency technology, test built-in use cases, and develop their own custom use cases.

        Swift Sets Industry Up for Seamless Introduction of CBDCs for Cross-Border Transactions as Interlinking Solution Finds More Use Cases

        Retrieved on: 
        Monday, March 25, 2024

        Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies.

        Key Points: 
        • Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies.
        • The second phase of sandbox testing went further, exploring more complex use cases, using Swift’s solution to connect and orchestrate transactions across simulated digital trade and tokenised asset and FX networks, alongside CBDCs for payments.
        • Swift now plans to extend its solution to support a wider range of emerging digital networks in addition to CBDCs, such as platforms for tokenised deposits.
        • This will help to facilitate access and usage of CBDCs in the new complex world of digital payments.

        The INX Digital Company Reports Q4 2023 and Annual Financial Results

        Retrieved on: 
        Monday, April 1, 2024

        TORONTO, April 1, 2024 /CNW/ - The INX Digital Company, Inc. (Cboe CA: INXD, OTCQB: INXDF, INXATS: INX) (the "Company" or "INX"), the owner of INX.One, a security token and digital asset trading platform, a U.S. broker-dealer, an alternative trading system, a transfer agent, and an inter-dealer broker (through its subsidiaries), announced Q4 and annual financial results for 2023.

        Key Points: 
        • TORONTO, April 1, 2024 /CNW/ - The INX Digital Company, Inc. (Cboe CA: INXD, OTCQB: INXDF, INXATS: INX) (the "Company" or "INX"), the owner of INX.One, a security token and digital asset trading platform, a U.S. broker-dealer, an alternative trading system, a transfer agent, and an inter-dealer broker (through its subsidiaries), announced Q4 and annual financial results for 2023.
        • Q4 2023 net revenue of $1.1M, primarily from transaction and brokerage fees, 14 percent lower compared to Q3 2023.
        • Q4 2023 net loss from operations of $4.4M, slightly lower compared to $4.7M in Q3 2023.
        • In Q4 2023, INX listed Republic Note on INX.One for secondary market trading and completed the integration of the Republic Wallet as a new custody solution for clients on INX.

        Blockchain Coinvestors' Bi-Annual Institutional Digital Finance Adoption Report on Worlds Top 50 Financial Institutions

        Retrieved on: 
        Monday, March 25, 2024

        SAN FRANCISCO, March 25, 2024 /PRNewswire/ -- Blockchain Coinvestors, a leading blockchain venture fund-of-funds and coinvestment program with a combined portfolio of more than 1000 blockchain enterprises and crypto projects, including more than 80 blockchain unicorns, today unveiled its bi-annual Institutional Digital Finance Adoption Report which tracks digital finance adoption, by service offering, among the world's 50 largest financial institutions ranked by assets under management (AUM).

        Key Points: 
        • Among the top 50 financial institutions globally, more than 50% already support use of digital wallets, custody and/or trading, and more than 40% support digital monies, such as CBDCs and/or stablecoins.
        • SAN FRANCISCO, March 25, 2024 /PRNewswire/ -- Blockchain Coinvestors , a leading blockchain venture fund-of-funds and coinvestment program with a combined portfolio of more than 1000 blockchain enterprises and crypto projects, including more than 80 blockchain unicorns, today unveiled its bi-annual Institutional Digital Finance Adoption Report which tracks digital finance adoption, by service offering, among the world's 50 largest financial institutions ranked by assets under management (AUM).
        • Blockchain Coinvestors relies upon data from sources including Lexis Nexis, S&P Global and WTW to maintain a database of the world's leading financial institutions.
        • Blockchain Coinvestors will present the results of its inaugural report in its upcoming "Institutional Digital Finance Adoption Report" webinars on March 26th at 7:00am and 12:00pm PT.

        BTQ Technologies Announces Christopher Tam as Featured Speaker at ETHTaipei

        Retrieved on: 
        Thursday, March 21, 2024

        BTQ Technologies at EthTaipei: BTQ Technologies Corp. announces that Christopher Tam, Head of Partnerships, will be a featured speaker at ETHTaipei, where he will discuss transitioning Ethereum towards quantum resistance, addressing the impacts and challenges posed by quantum technologies on digital currencies.

        Key Points: 
        • BTQ Technologies at EthTaipei: BTQ Technologies Corp. announces that Christopher Tam, Head of Partnerships, will be a featured speaker at ETHTaipei, where he will discuss transitioning Ethereum towards quantum resistance, addressing the impacts and challenges posed by quantum technologies on digital currencies.
        • VANCOUVER, BC, March 21, 2024 /PRNewswire/ - BTQ Technologies Corp. (the "Company" or "BTQ") (NEO: BTQ) (OTCQX: BTQQF) (FSE: NG3), a global quantum technology company focused on securing mission-critical networks, is pleased to announce that Christopher Tam, Head of Partnerships at BTQ, will be a featured speaker at the upcoming ETHTaipei event.
        • In his session, Mr. Tam will explore the complex realm of quantum technologies and their implications for Ethereum and Central Bank Digital Currencies (CBDCs).
        • By participating at ETHTaipei, BTQ Technologies reaffirms its commitment to advancing blockchain security and underscores the critical need for quantum preparedness within the digital currency landscape.

        LBank Exchange Will List MetaMUI Token (MMUI) on February 23, 2024

        Retrieved on: 
        Thursday, February 22, 2024

        MetaMUI Token (MMUI) is a versatile utility token at the heart of the MetaMUI blockchain ecosystem, designed to facilitate transactions, access services, and serve as the foundation for a range of decentralized applications and digital currencies.

        Key Points: 
        • MetaMUI Token (MMUI) is a versatile utility token at the heart of the MetaMUI blockchain ecosystem, designed to facilitate transactions, access services, and serve as the foundation for a range of decentralized applications and digital currencies.
        • LBank Exchange is thrilled to announce the upcoming listing of MetaMUI Token (MMUI), a versatile utility token at the heart of the MetaMUI blockchain ecosystem, designed to facilitate transactions, access services, and serve as the foundation for a range of decentralized applications and digital currencies.
        • MetaMUI stands as a pioneering blockchain technology, uniquely designed to address and overcome the limitations of traditional blockchain systems.
        • At its core, MetaMUI introduces an identity-based multi-ledger blockchain architecture, which not only enhances privacy and security but also fosters a unified ledger system.