Germany’s central bank partners with MIT on digital euro privacy research
Germany is MIT’s fourth central bank partner in a study that will focus on the digital euro, although Bundesbank has speculated there could be other applications.
Germany is MIT’s fourth central bank partner in a study that will focus on the digital euro, although Bundesbank has speculated there could be other applications.
Deutsche Bundesbank notes that existing legislation does not provide whether or not tokenized deposits will be considered deposits in the natural sense.
Building on Project Icebreaker, the BIS introduced a new scheme that would partner with top banks to help support the search for information on DeFi's impact on financial stability.
The 12-week study, involving 18 banks and financial institutions, shows the potential utility of CBDCs in settling cross-border transactions, prompting participants to proceed with the next phase.
The test bridges the gap between mainstream finance and blockchain technology without relying on a central bank digital currency.
A German Central Bank executive isn’t worried about cryptocurrencies too much, but says they should still be scrutinized.
The German central bank, Deutsche Bundesbank, has partnered with the operator of the Frankfurt Stock Exchange to successfully test the application of blockchain technology in securities settlement.