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Central Bank Digital Currencies Need Decentralization

Central Bank Digital Currencies Need Decentralization

Igor Mikhalev is an expert principal at BCG helping clients develop business models with blockchain technologies and digital currencies. Kaj Burchardi is a Managing Director with BCG and leads the blockchain practice of BCG/Platinion globally. Digital currencies hold a long-term promise to change the way nations, corporations, and people transact value. Some of them – …

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Telegram Agrees to Give SEC Bank Records, Communications in Ongoing TON Lawsuit

Telegram Agrees to Give SEC Bank Records, Communications in Ongoing TON Lawsuit

Telegram is pledging to turn over communications, bank records and other information to the Securities and Exchange Commission (SEC) as part of the agency’s ongoing legal fight against the messaging startup on allegations that its $1.7 billion token sale in 2018 was conducted in violation of U.S. securities law. According to a court filing Friday, …

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Vietnam's HDBank Taps Blockchain Network to Streamline Bank Credit for Corporates

Vietnam’s HDBank Taps Blockchain Network to Streamline Bank Credit for Corporates

HDBank has signed up to a blockchain network from Contour with the aim of bringing trade finance into the digital realm. The Vietnam-based bank is the latest financial institution to join Contour’s network with a view to streamlining the issuance of letters of credit with the use of a blockchain and smart contracts, local media …

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Dutch central bank wants to play a leading role in digital currency development

Dutch central bank wants to play a leading role in digital currency development

The central bank of the Netherlands, De Nederlandsche Bank, says it wants to be a world leader in the development of central bank digital currencies. In a bulletin posted Tuesday, the bank said that the use of physical cash is “clearly” declining in the Netherlands, meaning that people are using less central bank-issued money to …

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