What Does the Lull in Forex Volatility Mean for Bitcoin?
Patrick Foot examines what the current lack of forex volatility means for traders of digital currencies like bitcoin.
Forex
The agency that regulates and manages China's foreign exchange reserves will trial a blockchain system addressing inefficiencies in cross-border trade.
Several years back Citi tested a bank-backed cryptocurrency similar to JPMCoin. The lesson it learned? It's easier to rely on SWIFT.
Forex giant CLS is now using a blockchain to handle certain currency trades, but the technology is “not essential” for the task, an executive admits.
An HSBC executive has told Reuters that using blockchain slashed the costs of settling foreign exchange trades.
Barclays has become the latest major financial institution to join the foreign exchange-focused blockchain consortium CLS.
