Société Générale Completes First Repo on Public Blockchain
Société Générale uses digital securities and blockchain-based CBDC to complete a collateralized market transaction with Banque de France successfully. The National Bank of France, the Banque de France, and Société Générale, the country’s third-largest bank by total assets after BNP Paribas and Crédit Agricole, have finished a blockchain-based repo deal. The transaction featured bonds produced […]
Central Banks Prioritize Legacy Payment Systems Over CBDCs
TradFi appears to be safe on the international payments market for the foreseeable future, despite advances in blockchain solutions. In its annual Future of Payments survey, the Official Monetary and Financial Institutions Forum (OMFIF) has revealed a notable decline in enthusiasm among central bankers for central bank digital currencies (CBDCs) despite increasing research efforts in […]
Central Bank of Iran to Introduce CBDC Soon
Mohammad Reza Farzin, the governor of the Central Bank of Iran (CBI), announced at a national banking conference on November 25 that Iran will introduce a central bank digital currency (CBDC) shortly. He emphasized the country’s advanced digital financial infrastructure and vowed to innovate despite sanctions. According to Tasnim, Farzin stated at the Modern Banking […]
Morocco’s Central Bank to Legalize Cryptocurrencies —Report
More countries are developing crypto regulatory frameworks based on Europe’s upcoming MiCA regulations. Morocco is reportedly moving toward the legalization of cryptocurrencies, reversing a nationwide ban imposed in 2017. Central Bank Drafts Crypto Legislation According to Reuters , Morocco’s central bank, Bank Al-Maghrib, has prepared a draft law for regulating cryptocurrency, which is now under […]
Reserve Bank of India To Extend Global Payments Platform
The Reserve Bank of India (RBI) is endeavoring to broaden its cross-border payments platform, by incorporating new trading partners in the Asia and Middle East regions. Bloomberg reports that India has already reached agreements with Bhutan, Nepal, and Sri Lanka and intends to include the United Arab Emirates (UAE) in its cross-border settlement program. India […]