Category: CBDC
CBDC – Central Bank Digital Currency
Ripple To Showcase New CBDC Product at Hong Kong’s e-HKD Pilot Program
Ripple will make its mark in the Hong Kong Monetary Authority’s (HKMA) groundbreaking pilot program for the digital Hong Kong dollar (e-HKD). The highlight of…
A Beginner’s Guide To Security Tokens
Introduction Blockchain is a disruptive technology that is not only used for the decentralized financial sector alone. It is adopted by governments and private enterprises…
New York Attorney General Wants State Regulators To Oversee Crypto
Media sources report that the Attorney General of New York, Letitia James, recently introduced a bill to increase the New York Department of Financial Services’…
Texas Policymakers Introduce New Plans For A Gold-backed Crypto
The policymakers in Texas have proposed an exclusive innovation with which the crypto industry could get revolutionized. They have suggested the development of a digital…
G-7 Members Plans to Support Developing Countries to Launch CBDC
A report from the Group of Seven (G-7) members confirmed that central banks from third world countries will receive support in developing digital fiat. Speaking…
UAE Central Bank Reconsiders It’s Digital Currency Strategy, Collaborates With Major Industries
A significant industrial partnership that will strengthen the Central Bank of the United Arab Emirates (CBUAE) Central Bank Digital Currency (CBDC) policy has been revealed….
Australian Bank ANZ Suspending Cash Withdrawals and Deposits
An official announcement from the leading financial provider in Australia, ANZ, revealed that the bank would suspend cash-related withdrawals and deposits in some branches. Ranking…
Binance Team Accused of Violating Chinese Crypto Laws
On March 23, the Chinese regulators accused the largest crypto exchange Binance of violating the crypto laws. China ranks among the top anti-crypto countries, and…
Crypto Has No Fundamental Value – US 2023 Economic Report
In its 2023 economic report, the US White House presented several arguments against crypto assets. The White House asserted that they are primarily speculative investment…
Bitget Acquires $30 Million Stake In BitKeep
Bitget, a crypto exchange headquartered in Seychelles, has acquired a controlling stake in the decentralized multi-chain wallet firm, BitKeep, by investing $30 million in its…
KuCoin Spearheads A $10 Million Funding Round For The Issuer Of Yuan-pegged Stablecoin
The investment division of a prominent crypto exchange, KuCoin, is taking steps to endorse the stablecoin projects by supporting a stablecoin issuer pegged to the…
UAE And India Will Work Together To Develop Digital Currencies
To explore the possibility of interoperability between their respective CBDCs, the UAE — United Arab Emirates and India have announced plans to conduct pilot programs…
San Francisco Fed is Looking to Hire Developer to Design Its CBDC
A job listing seen on LinkedIn indicates that the Federal Reserve Bank of San Francisco is hiring an Application Architect to assist in researching and…
Central Bank Digital Currencies (CBDC) Explained
Central Bank Digital Currency is a new digital currency issued and backed by a central bank. Unlike cryptocurrencies, which are decentralized and not backed by…
Turkish Central Bank Plans To Carry Out More CBDC Trials This Year
The Central Bank of the Republic of Turkey’s (CBRT) 1st trial phase of central bank digital currencies (CBDCs) has concluded effectively. The bank has pointed…
Nigerian Government Is All Set To Pass A Law To Recognize BTC And Other Cryptocurrencies
The authorities in Nigeria are reportedly contemplating shortly approving a law to recognize Bitcoin as well as other crypto assets’ usage to make pace with…
Iranian Government To Freeze Bank Accounts Of Women Who Decide Not To Wear Hijab
An Iranian parliament member has informed the native media that the authorities of the country have a strategy to implement exclusive punishments on women bank…
Regulation: Brazil To Sign A Bill Regulating Cryptocurrencies Into Law
After the collapse of the popular crypto exchange, FTX, several experts and financial bodies have called for the need to have a set of uniform…
Stock Market Rises After Fed’s Expected Decision
75bps Increment in FFR skyrockets Stock Market Finally, the most anticipated decision of today’s time had surfaced. The Central Bank of the US has finally…
RBI To Launch Digital Rupee Pilot In November
The Reserve Bank of India (RBI) first announced its central bank digital currency (CBDC) project back in February and it is now on track to…
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