Skip to content
DefiDraft

DefiDraft

Empowering the Future of Finance: Stay Ahead with our DeFi News

Categories

  • AI
  • Altcoin
  • Bitcoin
  • Blockchain
  • Blogs
  • CHARTS
  • Crypto
  • DeFi News
  • Defipedia
  • Ehtereum
  • Guest Post
  • Metaverse
  • Mining
  • News
  • NFT
  • Press Release
  • Review
  • Sponsored Post
  • Trading
  • Wallets
  • Web3
  • DeFi News
  • Defipedia
  • Review
  • Advertise
  • Home
  • Wallets
  • Global Central Banking Think Tank Launches Digital Monetary Institute
  • Wallets

Global Central Banking Think Tank Launches Digital Monetary Institute

Immy Dorse May 22, 2020 2 min read

The Official Monetary and Financial Institutions Forum (OMFIF), an independent global think tank for central banking and economic policy, announced the launch of its Digital Monetary Institute earlier this month.The Institute intends to build bridges between the worlds of digital currencies and traditional banking, and has a focus on payment instruments in wholesale and retail markets, and central bank digital currencies (CBDC).Central banks’ interest in digital currency is growingThe OMFIF itself has already been publishing in-depth reports on digital currency and CBDCs since 2018. Regarding the key focus of the new Institute, Bhavin Patel, OMFIF’s head of fintech research said:”We believe there will be more central bank digital currency projects in the next few years, both on the wholesale and retail sides of the market and in many jurisdictions including the euro area.”The founding members of the institute include policymakers, technologists, financiers and regulators, along with some blockchain-focused companies like Cypherium, who also recently joined the Microsoft for Startups program.Patel explained that such companies “bring technical expertise to an on-going conversation among policy-makers and financial analysts.”Considering all points of viewLike its parent organization OMFIF, the Digital Monetary Institute plans a regular program of meetings and forums, at which its public and private sector members can discuss relevant issues.Recent attendees of OMFIF roundtable discussions have included senior representatives of the European Central Bank, the Bank for International Settlements, along with Central Banks from Europe, Japan, China and Australia.Cypherium CEO Sky Guo explained the benefits of having access to so many key economists and financial policy-makers:”Through the Institute’s events and conferences, we can explore practical and detailed ways in which Cypherium’s technology may benefit our global financial systems. The world and markets are ever-changing, and we are in uncertain times. Blockchains have become one of the indisputable innovation engines of our time, and they will certainly help us navigate toward a more prosperous future.”

Immy Dorse
Immy Dorse

I’m a Cryptocurrency Author and I have been writing about Cryptocurrencies for over 2 years now. I have written many articles on the subject and have been interviewed by some of the biggest names in the industry. My work has been featured on major publications such as Forbes, CoinDesk, and more. I am passionate about Cryptocurrencies and believe that they have the potential to change the world. I am always looking to learn more about this fascinating industry and share my knowledge with others.

Post Views: 65

Continue Reading

Previous: Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox Creditors
Next: What are Ethereum Nodes And Sharding?

Latest Post

Recent Posts

  • Binance Bids Adieu to Russia, Seals Sale with CommEX
  • Binance Returns to Belgium, Reopens Registrations and Services
  • Key Chart Signals Golden Cross, Posing Threat to Altcoins
  • Why is Cryptography Important For Cryptocurrency?
  • Shibarium’s Shiba Inu Insider Provides Valuable Update on SHIB Burn

Ecosystem

Binance Bids Adieu to Russia, Seals Sale with CommEX Binance Bids Adieu to Russia, Seals Sale with CommEX
2 min read
  • Crypto
  • News

Binance Bids Adieu to Russia, Seals Sale with CommEX

September 27, 2023
Binance Returns to Belgium, Reopens Registrations and Services Binance Returns to Belgium, Reopens Registrations and Services
2 min read
  • Crypto
  • News

Binance Returns to Belgium, Reopens Registrations and Services

September 26, 2023
Key Chart Signals Golden Cross, Posing Threat to Altcoins Key Chart Signals Golden Cross, Posing Threat to Altcoins such as Shiba Inu (SHIB)
3 min read
  • Altcoin
  • CHARTS
  • Crypto

Key Chart Signals Golden Cross, Posing Threat to Altcoins

September 22, 2023
Why is Cryptography Important For Cryptocurrency? Why is Cryptography Important For Cryptocurrency?
4 min read
  • Guest Post

Why is Cryptography Important For Cryptocurrency?

September 21, 2023

About

Defidraft is the ultimate source for the latest news and analysis on the world of decentralized finance.

Connect with Us

  • Twitter
  • Instagram
  • Facebook
  • LinkedIn
  • Telegram

Chat with us: @Defidraftofficial

Recent Posts

  • Binance Bids Adieu to Russia, Seals Sale with CommEX
  • Binance Returns to Belgium, Reopens Registrations and Services
  • Key Chart Signals Golden Cross, Posing Threat to Altcoins
  • Why is Cryptography Important For Cryptocurrency?

TAGS

Binance Bitcoin blockchain Cardano Crypto cryptocurrency decentralized finance deFi DeFi Hack ethereum future of DeFi News Ripple SEC security SHIB Shiba Inu technology US XRP

  • News
  • Press Release
  • Sponsored Post
  • Our Partners
  • Contact Us
Copyright © DefiDraft
  • bitcoinBitcoin(BTC)$26,350.000.39%
  • ethereumEthereum(ETH)$1,604.350.76%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$211.86-0.38%
  • rippleXRP(XRP)$0.497822-0.85%
  • usd-coinUSDC(USDC)$1.000.05%
  • cardanoCardano(ADA)$0.243899-0.53%
  • dogecoinDogecoin(DOGE)$0.060464-0.37%
  • solanaSolana(SOL)$19.201.17%
  • polkadotPolkadot(DOT)$4.00-0.15%
  • matic-networkPolygon(MATIC)$0.51-0.75%
  • litecoinLitecoin(LTC)$63.22-1.00%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.50%
  • avalanche-2Avalanche(AVAX)$8.95-1.12%
  • binance-usdBUSD(BUSD)$1.000.02%
  • crypto-com-chainCronos(CRO)$0.050022-0.14%
  • terra-lunaTerra Luna Classic(LUNC)$0.0000655.80%