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Showing posts with the label banks

From Bat-Signal to Bitcoin: Projecting 'Orange Pill' on banks as EU drives crypto regulation

The Bitcoin logo lights up on the European Central Bank building in Frankfurt as Bitcoiners urge bankers to ‘study Bitcoin.’ “The signal goes on, and he shows up. That's the way it's been. That's the way it will be.” Whenever Gotham faces an existential threat, the Bat-Signal lights up the night sky. In the DC Comics universe, Batman always shows up to save the day when he’s called upon. Bitcoiners in Germany employed a similar tactic this week, emblazoning the preeminent crypto currency’s logo with a message to ‘study Bitcoin’ on the side of the European Central Bank building in Frankfurt. The images were shared widely across social media, with notable Bitcoin (BTC) proponents and various company profiles lauding the display. #Bitcoin looks good on the ECB building pic.twitter.com/k8odYEpAZd — Alistair Milne (@alistairmilne) March 30, 2023 A dose of the proverbial ‘Orange Pill’ is particularly pertinent given that the global banking sector has been under the spotlight ...

BIS head describes ideal ‘unified ledger’ for central banks and other financial users

peaking in Singapore, Agustín Carstens described a ledger that would accommodate a variety of public and private projects in discrete but connectable parts. General manager of the Bank for International Settlements Agustín Carstens spoke at the Singapore FinTech Festival on Feb. 22 and described the digital financial infrastructure he believes would best suit central bankers’ needs. He called that infrastructure a “unified ledger.” Carstens compared the theoretical unified ledger with a smartphone, saying they both work seamlessly with a variety of components. Unlike a smartphone, a unified ledger would have open architecture, however, and would show programmability and composability, that it, it would run and bundle smart contracts. There are over 2 million apps available to smartphone users , Carstens noted. He said: “A unified ledger is a digital infrastructure with the potential to combine the monetary system with other registries of real and financial claims.” A unified ledg...