The Dutch Are Betting on Blockchain for Their Financial System

The Dutch Are Betting on Blockchain for Their Financial System

De Nederlandsche Bank (DNB), The Netherlands’ central bank, is all set to support a new ‘blockchain development campus’, which will enable banks to develop and share information regarding the use of blockchain, the distributed ledger system behind Bitcoin. The lowlands country has even appointed a new ‘Fintech Ambassador’ Willem Vermeend, a professor of Economics and a former minister of Social Affairs and Employment. He is expected to play the role of a bridge between the government, the fintech sector and the regulators. Everyone needs to work together. In order to facilitate learning....


Related News

Dexsport – Betting on the Blockchain

Decentralized betting is taking over the world. Powered by blockchain and smart contract technologies, this new breed of online betting platforms vastly improves the quality of services provided to users. Although the online betting industry continues to expand 9% annually, if we take blockchain out of the equation, not much is being done in terms of innovation. Also, users don’t place much trust in online betting platforms, and with good reasons. There are countless stories of users receiving big prizes only to get their accounts frozen or be unable to withdraw the funds. Blockchain can....

New FCA Rules Could Reduce UK Bitcoin Spread Betting Appeal

The UK Financial Conduct Authority (FCA) has proposed stricter rules for Contract for Difference (CFD) products which include financial spread betting. While illegal in the US, spread betting is legal in the UK. Bitcoin spread betting is available through some of the country’s largest CFD operators, such as IG Group. What is Spread Betting? Spread....

Decentralized Sports Betting Can Be a Lucrative Hobby

There has been a massive wave of interest in betting globally and a rise in active members wagering on sports. Sports betting matches the casual sports fan against professional bookmakers, who do not get everything their way, unlike in genuine sports. It is, however, challenging yet exhilarating at the same time. Thanks to the introduction of online betting, it is now completely mobile. So… Is it possible to make money by betting on sports? Yes, it can be supremely lucrative. However, your earning potential is determined by your bankroll, risk tolerance, strategy, discipline, and,....

Dutch Central Bank Report Acknowledges Bitcoin And Blockchain

Hardly anyone will be surprised by the news of the Dutch Central Bank keeping a close eye on the evolution of Bitcoin and digital currencies throughout 2015 and beyond. There is only so much traditional finance can do to make payments more appealing, as all transactions have to go through the outdated legacy system. It is no secret the financial world is prone to future innovation and disruption on a global scale. Even though established payment providers are looking for new ways to make payments more secure and convenient, there is a lot of pressure from the FinTech and digital currency....

The Blockchain is the Next Big Thing, says Dutch Bank ABN AMRO Executive

Writing on the bank's official website, ABN AMRO Head of Innovation Arjan van Os, praises the blockchain technology behind Bitcoin in an article titled "The Next Big Thing." Dutch state-owned ABN AMRO Bank is a product of a long history of mergers and acquisitions that date to 1765, making it one of the oldest active banks. In 2007, ABN AMRO was the second-largest bank in the Netherlands and the eighth largest in Europe by assets. Then the bank was acquired by a consortium of international banks and eventually bailed out and nationalized by the Dutch government, which expressed intentions....