Tagged: central banking

Bank Negara Malaysia Releases Discussion Paper on Licensing Framework for Digital Insurers

January 6, 2022 @ 10:17 pm By Omar Faridi |

Bank Negara Malaysia, the nation’s central bank, recently issued the Discussion Paper on Licensing Framework for Digital Insurers and Takaful Operators. As noted by Bank Negara, the Discussion Paper outlines the proposed framework for “licensing new digital insurers and takaful operators (DITOs)” in order to… Read More

Read more in: Asia, Fintech, Insurtech, Politics, Legal & Regulation | Tagged banking, central banking, digital financial services, digital insurance, digital technology, digitalization, discussion paper, financial services, insurance, malaysia, reserve bank, southeast asia

CBDCs: New Report Confirms Most Reserve Banks Don’t Want to Use an Actual Blockchain to Issue Digital Currencies

May 17, 2020 @ 4:13 pm By Omar Faridi |

Reserve banks in 46 countries are currently exploring or considering developing a central bank digital currency (CBDC) by using a permissioned (or private) distributed ledger technology (DLT)-based platform. This, according to a recently published survey from UK-based journal Central Banking. The publication is reportedly supported… Read More

Read more in: Blockchain & Digital Assets, Global | Tagged bank of england, boe, cbdcs, central bank digital currency, central banking, Research Report, reserve bank, survey, virtual currency