Tagged: Bahamas

Bank of France Official Says CBDCs Might Challenge Role of Large Banks in Settlement of Transfers

Central bank digital currencies or CBDCs might offer new types of businesses improved access to cost-effective reserve bank funding while potentially reducing the role of large banking institutions when it comes to settling big transactions, according to recent statements from a senior Bank of France… Read More

Digital Asset Exchange Bitfinex Introduces its First $280 Million Cryptocurrency Hedge Fund for Institutional Investors

Digital asset exchange Bitfinex has introduced its first cryptocurrency hedge fund. Bitfinex’s management confirmed on March 17, 2020, that its $280 million digital currency hedge fund, called Fulgur Alpha, will be available only to the firm’s institutional clients. Paolo Ardoino, CTO at Bitfinex, told The… Read More

Central Bank of the Bahamas to Launch its Own Fiat Digital Currency to Ensure Economy Remains Stable After Natural Disasters

The Central Bank of the Bahamas (CBOB) is reportedly preparing to launch its own fiat-based digital currency to ensure that the nation’s economy remains stable in the event of a natural disaster. CBOB governor John Rolle recently confirmed that the country was planning to release… Read More

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