Banque de France and HKMA Collaborate to Enhance CBDC Cross-Border Payments

The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration to advance CBDC cross-border payment solutions. (Read More)

View Details

BitGo backs out of deal to acquire Prime Trust

Cryptocurrency custodial company BitGo said it “has made the hard decision to terminate its acquisition” of rival firm custody Prime Trust, according to a June 22 tweet. BitGo stated it made considerable effort and worked to find a path forward with Prime Trust. It added: “This decision was not made lightly and BitGo remains committed […]

The post BitGo backs out of deal to acquire Prime Trust appeared first on CryptoSlate.

View Details

France & Switzerland Central Banks Succeed Pilot CBDC Trials in Conjunction with BIS

The trio of the Central Banks of France, Switzerland, and the Bank of International Settlements (BIS) has successfully conducted a wholesale Central Bank Digital Currency (wCBDC) trial involving both country’s fiat notes. (Read More)

View Details

France Central Commission Proceeds CBDC-Backed Treasury Bond Trials

The Central Bank of France commissioned a trial involving the settlement of treasury bonds by using Central Bank Digital Currencies (CBDCs). (Read More)

View Details

Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection

Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals that Banq listed approximately $17.725 million in assets and around $5.4 billion in liabilities. Banq’s Bankruptcy Filing Exposes [...]

The post Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection appeared first on Crypto Breaking News.

View Details

French regulator authorizes crypto operations for BPCE subsidiary

BPCEs crypto subsidiary, Hexarq, is the second banking crypto outfit to receive a nod from French regulator AMF after Société Générales Forge.

View Details

Société Générale, Banque de France complete blockchain repo transaction

The transaction involved tokenized bonds issued on the Ethereum blockchain as collateral in exchange for CBDC issued by the Banque de France.

View Details

Singapore, France monetary authorities test quantum-proof security

The MAS and BDF experimented with post-quantum email security as a first step in securing payment networks.

View Details