Tron Foundation’s founder predicts a shift in China’s stance on Bitcoin to stimulate healthy competition with the US. Tron’s Justin Sun urges China to revise its position and back Bitcoin, similar to Donald Trump’s endorsement of the digital assets in a pledge…
As the financial sector seeks to integrate the use of crypto, central banks are exploring possible ways to launch a digital currency. A survey conducted by the Bank for International Settlements (BIS) demonstrated that 94% of the central banks were working on…
The artificial intelligence (AI) technology has proven to be a transformative force in the financial sector by automating most of the accounting practices. A study conducted by the Bank for International Settlements (BIS) to examine AI adoption in banks demonstrated that central banks…
On Wednesday, March 26, the giant financial institution HSBC launched tokenized gold for retail clients. The HSBC confirmed that Hong Kong users will access the newly launched tokenized gold. While launching the new product, HSBC argued that the tokenized gold demonstrated the…
In an official announcement, the Ministry of Industry and Information Technology in China cautioned investors about a fake digital yuan that has drawn public attention. The ministry stated that the fake central bank digital currency, commonly known as the digital yuan, resembles…
In response to a February consultation on a digital pound, The Bank of England and UK Treasury have said they remain undecided on the launch of a digital pound. The BoE and UK Treasury, in the response said it is too early…
The European Central Bank (ECB) has requested comments on the latest draft of the digital euro rulebook. The Rulebook Development Group (RDG) published the last update in June. Since then, it has drafted the first chapters of the digital euro rulebook in…
As Nigeria seeks to become a go-to destination for crypto firms, the regulator plans to create a friendly environment for digital assets. A few days ago, the Nigerian Central Bank (CBN) lifted the ban on bank involvement in crypto activities. The lifting…
The president of Turkey, Recep Tayyip Erdoğan, has appointed Professor Fatman Ozkul to the central bank board. Professor Ozkul’s appointment demonstrated Turkey’s commitment to tap into the benefits of crypto and blockchain technologies. In a December 22 report, President Erdogan confirmed Professor…
As global leaders seek to promote financial inclusivity through the introduction of central bank digital currency (CBDC), Kazakhstan has joined the list of countries eying the implementation of the digital currency. In a recent report, the Kazakhstan authority was pleased to announce…
In an advancement announcement, Standard Chartered Bank’s investment and innovation division SC Ventures released a tokenization platform dubbed Libeara. Launching the Libeara positions Standard Chartered Group among the list of companies seeking to capitalize the tokenization of real-world assets (RWA). Lately, the…
As Asia positions itself as a hotbed for Web3 technologies, key industrial players in the crypto sector have made impressive moves to push for mainstream adoption of crypto and blockchain technologies. On Tuesday, November 7, the best performing Web3 coalition in Vietnam,…
The Bank of Korea and the Financial Services Commission announced they will hold a trial run of its central bank digital currency (CBDC) among banks and other financial institutions. The two agencies in partnership with the Financial Supervisory Service (FSS) announced on…
As the long pursuit to find the best successor for President Alberto Fernadez nears the end, several Argentine candidates have voiced their opinions on the practical measures to hedge the biting inflation. Speaking at the first presidential debate held on Sunday, October…
In an advance communication, the Bank of International Settlements (BIS) outlined the factors that will contribute to the adoption of the Central Bank Digital Currency (CBDC). The September 27 report illustrated the need to develop a legal framework that protects the user’s…
On September 22, the chief executive of the Hong Kong Monetary Authority (HKMA), Eddie Yue, confirmed that the mBridge project expects significant development in the coming days. The CEO delivered his keynote speech at the 2023 Bund Summit in Shanghai China outlining…
In an X post (formerly Twitter), Num Finance has released a stablecoin pegged to the Colombian local currency. The announcement revealed that the stablecoin dubbed nCOP was centered on the Polygon network. The nCOP aims to transform the remittance market, which has…
On Thursday, August 17, the Mastercard team announced plans to collaborate with Ripple and other payments companies to support the implementation of the central bank digital currency (CBDC). The Mastercard report demonstrated that the leading payment platform is interested in developing the…
An official publication issued by the government of Russia revealed that President Vladimir Putin had green-lighted the bill on central bank digital currency (CBDC). The report illustrated that President Putin signed the bill into law on Monday, July 24. The presidential assent…
An official Swiss National Bank (SNB) report dated June 26 revealed that the apex bank would soon launch wholesale central bank digital currency (wCBDC) trials. In an exclusive interview with the Reuters reporters, the chair of SNB, Thomas Jordan, confirmed that the…
