Bank of Canada: Digital Currencies Need Regulation to Succeed

Researchers from Canada’s central bank argue that private digital currencies like bitcoin won’t succeed in the long-term without some kind of government involvement. A paper published this week by researchers at the Bank of Canada examines the viability of digital currency, looking to past examples of Canadian currency – public “Dominion” notes and private bank notes…

Swift is Recruiting Banks for Blockchain Tests

Global financial messaging service provider Swift is seeking to recruit other financial institutions to join its ongoing blockchain R&D initiative. At a meeting at Swift’s New York headquarters last week, Stephen Grainger, Swift’s head of sales for North America, told an audience of banks, consulting firms and media companies that a major announcement will be made shortly regarding the program….

CoinDesk Research Releases ‘Blockchains for Insurance’ Report

One of the world’s oldest financial products, and the $5tn industry that powers it, may be in for a change thanks to blockchain tech. That’s the conclusion of our latest CoinDesk Research report, “Blockchains for Insurance”. Released officially today, the report focuses on the ‘Bond of Trust’ and the commercial relationships used to deliver insurance…