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…
In an advanced statement, the Bank for International Settlements and the Bank of England announced the completion of Project Rosalind. The financial watchdogs revealed plans to release soon the central bank digital currency (CBDC), commonly known as Britcoin. After analyzing the development…
Despite the lingering court case against Ripple and its native token XRP, the distributed ledger technology (DLT) payment company has launched a new platform for developing central bank digital currencies (CBDCs) and stablecoins. Ripple announced on 18 May it is launching a…
The governor of Florida Ron DeSantis has signed into law a new bill that forbids the use of a central bank digital currency (CBDC). Another bill signed on Friday 12 May also prevents credit card companies from tracking gun sales in the…
Microstrategy Co-Founder Michael Saylor says a central bank digital currency (CBDC) launch in the United States will only result in more interest in Bitcoin. He discussed his opinion on CBDC launch in a new interview with Valuetainment There is a recent push…
An official tweet from President Joe Biden revealed the famous MAGA House Republicans supported tax loopholes to benefit the wealthy crypto entrepreneurs in America. The President’s tweet was against the MAGA action that threatened the country’s food security investigations. The President’s May…
Key Insights: IMF and DCMA launched a CBDC called UMU to improve cross-border transactions. UMU uses SPOT protocol, AI-powered monetary policy framework, and global localization architecture. UMU aims to provide a solution for central banks while mitigating currency depreciation. During the IMF…
Citi has claimed that the crypto industry is nearing a turning point that would see the number of users surge to a billion and the total market capitalization hit trillions of dollars. Citi analysts’ latest report, titled ‘Money, Games, and Tokens: Blockchain’s…
On March 20, the International Monetary Fund (IMF) legislators issued a report on the impact of central bank digital currency (CBDC) on Islamic banks. The IMF official examined the CBDC and monetary policy’s relationship to understand its impact on Islamic banking. The…
Governor of South Dakota, Kristi Noem, has decided to take a stand against a CBDC bill that has rejected the status of cryptocurrencies as money. The bill postulates that only CBDCs that are issued by the Central Bank are going to be…
Many countries in the world are currently working on introducing their localized version of CBDC. A CBDC is a digitized version of a legal tender using blockchain technology. Nigerian Central Bank and the government are one of the first countries in the…
