Central Bank Crypto Could Damage Entire Economies, Warns Bank of Japan

The deputy governor of the Bank of Japan, Masayoshi Amamiya, has warned that the creation of crypto by central banks could have a negative impact on economies, Reuters reports. According to Amamiya, Central Bank Digital Currencies (CBDCs) had the potential to take away the credit channels of commercial banks if they managed to replace private …

Blockchain Will Overhaul Securities Settlements

Join our community of 10 000 traders on Hacked.com for just $39 per month. The European Central Bank and the Bank of Japan have released a joint report claiming that distributed ledger technology (DLT) can generate new securities settlement mechanisms, such as “cross-chain atomic swaps” among unconnected ledgers. The 52-page report is titled, “Securities settlement …