EU Finance Ministers Advocate for Digital Euro Research, Lobby for Political Support
Michael ScottThe finance ministers drawn from the Eurozone declared support for the research-backed digital Euro. The Eurogroup observed the need to…
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Iran and Russia Launching a Gold-Backed Stablecoin
The Central Bank of Iran and Russia have joined hands to develop a new stablecoin that will facilitate International Trade…
Uruguayan Central Bank Licenses Ripple Partner As A Money Transfer Organization
George WardThe Central Bank of Uruguay has made a groundbreaking move by officially authorizing a Ripple partner as a money transfer…
Nepal Telco Regulators Bans Crypto Activities
Nepal Telecommunication Authority (NTA) has banned crypto activities, citing increased crypto-related crimes. The regulators have ordered internet providers to abandon…
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Hong Kong Is Considering Launching A Stablecoin Version Of Its CBDC
As it looks for innovative ideas for the broader adoption of its Central Bank Digital Currency (e-HKD), Hong Kong officials…
CBDC’s Digital Yuan Pilot is “Running Steadily” – PBoC
The digital Yuan (Renminbi) experiment is running smoothly, according to guarantees given to the public by the People's Bank of…
Indonesia Plans To Launch A New Cryptocurrency Exchange This Year
Richard HinesThe Indonesian government plans to establish a cryptocurrency exchange in 2023 and then transfer regulatory responsibility to the Financial Services…
Low Digital Yuan (e-CNY) Usage Raises Concerns
The low e-CNY transactions reveal the worrying performance of China's digital Yuan. The review by Xie Ping, a retired official…
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Digital Turkish Lira Passed the First Payment Transaction Test
The Central Bank of the Republic of Türkey (CBRT) announced that the digital lira completed the first phase of the…
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Brazilians Shift To Stablecoins To Safeguard Savings Against Rising Inflation – Report
As the crypto market continues its bearish trend, developing countries hold the key to cryptocurrency's revival as the year ends.…
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Palau To Partner With Ripple To Develop A National Stablecoin
The Republic of Palau, a small island nation in the Pacific Ocean, is partnering with the blockchain technology firm Ripple…
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Kazakhstan’s CBDC Rollout Will Be Completed By 2025
Kazakhstan is scheduled to have its CBDC completed and ready for business activities during the early months of next year.…
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Nigeria’s Proposed Bill to Facilitate Legal Recognition of Cryptocurrencies and Bitcoin Usage
The Nigerian government proposed a bill to facilitate recognition of Bitcoin and cryptos usage aligned with global practices. The law…
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National Bank of Kazakhstan Set for Phased Implementation of CBDC – Digital Tenge
The National Bank of Kazakhstan settled for phased implementation of its in-house CBDC to expand its functionality into commercial use…