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Reading Time: 2 minutes by Ogwu Osaemezu Emmanuel on February 21, 2021 Regulation The Central Bank of Morocco is now studying the concept of central bank digital currencies (CBDCs) and has set up a committee to extensively explore its pros and cons, according to reports on February 20, 2021. Morocco Eyes CBDCs At a time when consumers around the world are increasingly embracing digital payment methods rather than cash, apex banks across various jurisdictions have begun studying central bank digital currencies (CBDCs) in a bid to remain relevant in the rapidly evolving finance ecosystem. In the latest development, Bank-Al-Maghrib (BAM), the central bank of Morocco, has put in place an exploratory committee to look into the benefits and disadvantages of CBDCs for the nation’s economy and make recommendations ....
Reading Time: 2 minutes by Adeniyi Olowoporoku on February 19, 2021 Blockchain Blockchain-based land registry firm Medici Land Governance (MLG) has launched a land administration pilot project in Liberia. The project seeks to administer proper land issuance in the West African nation. Land Registration on Blockchain Medici Land Governance (MLG) launched the land administration project on February 18 in a press release. The launch is part of a partnership agreed between MLG and Liberia’s finance and development ministry. Liberia has faced significant problems regarding the management of land within its country. This is due to the lack of clarity in land ownership and has resulted in investors shying away from investing in real estate in the West African nation. ....
Austrian regulators say crypto scams are the most reported forms of investment fraud in the country ahead of the usual suspects like stock or gold schemes. Authorities in the country are trying to firm up virtual currency regulations to combat the menace of such criminal activities while regulated trading in… ....
Embracing CBDCs In an interview with Bloomberg’s Emily Chang, the CEO stated that the company would enable its clients to transact using Bahamas digital currency Sand Dollar. The partnership offspring will enable Bahamas citizens to pay for services in Mastercard-accepted places. Mastercard and Island Pay previously launched the first-ever global central bank digital currency linked card. Nevertheless, Mr. Miebach said the financial entity is still looking into which it can include private-backed stablecoins in its network. When asked about Bitcoin, he said due to such cryptos’ volatile pricing; it will be difficult for Mastercard to adopt non-asset-backed digital coins. According to Bloomberg, when the corporation mentioned they would accept crypto payments in the future, it led to a price upsurge of several cryptocurrencies. ....
Reading Time: 2 minutes by Ogwu Osaemezu Emmanuel on January 28, 2021 Blockchain Digipharm (DPH), has inked a partnership deal with Pakistan’s Social Healthcare Fund. The alliance aims to digitize the processes of the nation’s healthcare funds controlled by the National Safety Division, Bait-Ul-Mal, according to a press release on January 27, 2021. Healthcare on The Blockchain Per a 2019 report by Healthcare Transformer, the global healthcare industry has been slow to join the digital revolution bandwagon, despite the fact digitalization could usher in a vast array of improvements to the sector, including enhanced healthcare delivery to patients, improved diagnosis, advanced access to medical services and more. ....