Posted 8/30/2023, 1:04:34 AM

SEBA Bank secures in-principle nod for crypto services in Hong Kong

SEBA Hong Kong, the crypto-friendly Swiss bank, has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) to deal in virtual assets, allowing it to tap into the Chinese market when it opens up.

cointelegraph.com

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9/12/2023

Central Banks Explore New Retail CBDC Infrastructure with Privacy Focus

The Hong Kong Monetary Authority, Bank of Israel, and Bank for International Settlements have released the results of Project Sela, a public-private partnership that created a retail central bank digital currency (rCBDC) using private intermediaries and a new financial infrastructure called the Access Enabler to simplify customer-facing activities and increase accessibility for private financial institutions.

9/12/2023

BIS Study Finds CBDCs Can Be Secure and Private with Proper Safeguards

The Bank for International Settlements (BIS) has successfully used novel intermediaries to reduce liquidity risk and enhance security for central bank digital currencies (CBDCs) in its Project Sela, which feeds into CBDC projects for the Israeli shekel and Hong Kong dollar. The project has demonstrated the feasibility of implementing secure and private CBDC systems on a central bank's ledger, protecting against hacks and ensuring privacy for users.