A glitch in the European Central Bank’s payment system left several Eurozone commercial and central banks far off target Monday afternoon. It is the latest in a long run of issues plaguing the program. The Target system, which is supposed to connect commercial and central… Read More
Read more in: Fintech, Global | Tagged commercial banks, europe, european central bank, european union, payments
The People’s Bank of China (PBoC), the nation’s central bank, has reportedly stated that the “top-level” design of its national digital currency has been finalized. The Chinese reserve bank revealed the development of the sovereign digital currency in a new paper, confirming that the “top-level… Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged asia, cbdc, central bank digital currency, china, commercial banks, digital yuan, pboc, peoples bank of china, shenzhen, suzhou, virtual yuan
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