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Bank of Finland (BOF) is coordinating the creation of a Finnish instant payment solution compatible with European standards. BOF board member and member of the Governing Council of the European Central Bank (ECB) Tuomas Välimäki made the announcement on Oct. 19. Välimäki revealed that the Bank of Finland is actively promoting
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Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb. 2 blog post from the company. The company is licensed by the Finnish Financial Supervisory Authority (Fin-FSA) and claims that the new ”EUROe” coin is “the first and only EU-regulated crypto stablecoin.”Membrane Finance
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In a novel address at the University of California Berkley published on Wednesday, Olli Rehn, governor of the Bank of Finland, touted the possibility of a digital euro centralized bank digital currency (CBDC) functioning in tandem with private fintech solutions to facilitate the cross-border payment of services across Europe.The European
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"Some have joked that a central bank digital currency (CBDC) is 'a solution looking for a problem.' While I may not be an outright fan of CBDCs, I think the detractors unfairly downplay the potential merits," Olli Rehn, governor of the Bank of Finland said during a panel at the
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Finland has sold 1,889 bitcoins seized in narcotic cases for 46.5 million euros ($47.4 million). The country’s finance minister previously said that the bitcoin sale proceeds will go to Ukraine for humanitarian aid and reconstruction as its war with Russia continues. Finland Sells Bitcoin Seized From Narcotic Offenses Finnish Customs (aka Tulli),
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Finland's government has selected two local digital asset service providers - Coinmotion and Tesseract - to act as brokers for its planned bitcoin donation to Ukraine. Original Source
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The bitcoin seized in various criminal investigations and donated could be worth as much as $77 million, according to the report. Original Source
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The Finnish Population Register Centre is orchestrating a country-level simulated crypto ransomware cyberattack that will cover more than 200 Finnish cities and municipalities.A local news outlet reported that major cities and public organizations are bracing for the hypothetical attack where the objective will be to teach the participants how to
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The Finnish Population Register Centre is coordinating a simulated ransomware cyberattack on more than 200 Finnish cities and public organizations.On Nov. 22, Finnish news outlet Yle reported that participating cities and organizations are rehearsing how to respond when a group of hackers demands the participants pay ransomware during a
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