digital currency.

The bakong, a digital currency operated by the National Bank of Cambodia (NBC), will provide users with access to the Alipay merchant network and enable cross-border transactions on Alipay+ using QR codes under a memorandum of understanding (MoU) signed at the FinTech Expo in Singapore, the local ...

IOSCO, the international regulatory body overseeing securities markets, has released its conclusive report containing policy suggestions for crypto and digital asset (CDA) markets.The suggestions within this report play a crucial role in formulating a unified global regulatory approach to ...

A pilot program for a live Singapore dollar-based central bank digital currency (CBDC) was unveiled by Singapore’s central bank with a wholesale CBDC to be used by local banks for settlements. “I am pleased to announce that MAS will pilot the ‘live’ issuance of wholesale CBDCs to inst ...

The European Union has been actively preparing for what it envisions as the future of money. Over the last year, it finalized its landmark comprehensive crypto legislation, the Markets in Crypto-Assets regulation (MiCA), which is due to take effect in 2024, after closing its second consultat ...

Turkey is reportedly drafting fresh regulations to govern crypto-assets in an effort to convince the Financial Action Task Force (FATF), an international organization responsible for combating financial crimes, to remove it from a “gray list” of nations that have not done enough to combat money l ...

South Korea’s Financial Supervisory Service (FSS) is preparing regulations to supplement the Virtual Asset Users Protection Act passed earlier this year, according to local reports. New regulations should be ready by January, well ahead of the law entering into force, the FSS head said. ...

ECB President Asserts that Digital Euro CBDC Won't Be Completely Anonymous The European Commission (EC) has been making significant strides toward implementing a central bank digital currency (CBDC) in the Eurozone's 20 member states. The European Central Bank (ECB) had previously outlined plans ...

XRP Makes Debut on New Exchange Following Significant Price Plunge XRP, the digital currency affiliated with Ripple, has been introduced on MetalX.com, the rebranded version of the Proton DEX exchange. This development follows a recent substantial decline in XRP's value. However, the listing s ...

IBM has some ideas about what it will take to make the digital euro a success, which it shared in a recent blog post. It suggested five items for designers to help the European Central Bank digital currency “enter the highly competitive, multifaceted, and heterogeneous payments landscape in ...

Rhode Island’s regulators have granted X (Twitter) a currency transmitter license marking a step forward for the company’s foray into the financial services sector. The license is legally required for companies conducting financial activities on behalf of users related to sending and ...

The initiative aims to bring together key industry players to explore innovations in CBDC. A Mastercard spokesperson said CBDC should be as easy to use as other forms of money. Payments company Mastercard will form a central bank digital currency (CBDC) partnersh ...

Central bank digital currencies (CBDCs) may not solve any problems faced today, but could be the answer to ones not even fathomed yet, says the executive spearheading Australia’s CBDC pilot. Dilip Rao, a former Ripple executive who’s now spearheading Australia’s CBDC rese ...

On June 28th, the Commodity Futures Trading Commission (CFTC) announced that Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York had issued a default judgment that granted a permanent injunction against Michael Ackerman, a resident of Alliance, Ohio.  ...

Slovakia will codify the right to use cash as a method of payment after a vote to amend the nation’s constitution passed in parliament on June 15. The new legislation was sponsored by the Sme Rodina party, also known as the “We Are Family” party, and was reportedly drafted as a precau ...

On June 19, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows totaling $5.1 million last week. The outflows contributed to the continuation of a nine-week streak of outflows, r ...

Privacy and the ability to transact anonymously should be considerations in the design of a digital dollar, a United States Treasury official has said.On June 13 the Treasury Department’s Assistant Secretary for Financial Institutions Graham Steele spoke at a payments-focused conference in ...

The Reserve Bank of India (RBI) said it is expanding its retail digital rupee testing pilot to include more banks and expand the list of cities. The central bank said in an annual report that it has been testing its own digital currency (CBDC) in stages. In November 2022 ...

The Central Bank of Norway (Norges Bank) proposed not to wait for the entry into force of the draft law on regulation of cryptocurrencies in the European Union (MiCA), and to develop their own rules for their oversight. Norges Bank released its annual "Financial Infrastru ...

Florida Governor and U.S. presidential candidate Ron DeSantis said in a conversation with Ilon Musk that if President Biden is re-elected, but bitcoin will be at risk. Ron DeSantis said he supports bitcoin because the first cryptocurrency represents civil liberties. And ...

Cryptocurrency investment company Hashkey Group plans to raise up to $200 million by taking advantage of Hong Kong digital assets. It writes Bloomberg. The HashKey Group itself is now valued at more than $1 billion. The company is ...

The Hong Kong Monetary Authority (HKMA) announced Thursday the launch of the e-HKD pilot program and testing options for the state's digital currency. A number of major companies from the financial, payment and technology industries will ...

Central Banks will be able to launch CBDC Ripple is already partnering with the Republic of Palau Crypto firm Ripple announced the launch of its CBDC and Stablecoin development platform. The statement says the site will allow "management and customization of t ...

Blockchain infrastructure provider Canvas announced that cryptocurrency fund managers DigitalX and TAF Capital have successfully exchanged the digital Australian dollar (eAUD) for the USDC stabelcoin. eAUD was launched by the Reserve Bank of Australia (RBA) together with ...

The story of an image sold for 500 BTC continues Some community members claim the transaction took place Hence, this is officially the first purchase of an item for bitcoins The story of a user trying to sell a JPEG image for 500 BTC in 2010 is gainin ...

Despite an IMF warning, Zimbabwean authorities successfully launched sales of its digital currency. A total of 14 billion gold-backed tokens were sold for a total of $38.9 million. Central Bank of Zimbabwe received 135 applications to buy the national digital currency. ...

Reserve Bank spent 140 kg of gold to secure coins And announced a new token sale IMF warns it is a direct threat to the state's coffers Zimbabwe spent about 140 kg of gold reserves to secure and conduct its first digital money sale. The project is des ...

A bill has been introduced in Texas that would prohibit the use of digital currency in the state by the U.S. Federal Reserve (Fed). The document details why the digital dollar is a bad idea. "Retail CBDCs are issued ...

Zimbabwean authorities issued a digital currency, providing it with a reserve of gold totaling 140 kg. And this despite a warning from the International Monetary Fund that this policy could deplete reserves. The central bank has al ...

Texas lawmakers voted to change the state's bill of rights to include the ability to use cryptocurrencies. The bill, introduced by politician Giovanni Capriglione, states that "the right of persons to own and use a mutually agreed-upon medium of exchange, including cash ...

The North Carolina House of Representatives passed a bill that would prohibit commercial companies and government agencies and accept payments made in central bank digital currencies (CBDCs). In the debate preceding the vote, parliamentarians agreed that CBDCs are "the co ...

During the Bitcoin Policy Summit, Ted Cruz, a prominent American senator, made a bold confession about his personal investment strategy. According to Cruz, he is a devoted investor in bitcoin, and he regularly purchases the popular cryptocurrency. The senator revealed that he currently holds s ...

The South Korean Central Bank is taking steps to increase its oversight of virtual asset service providers (VASPs) and cryptocurrency issuers. To better monitor these entities, the Bank of Korea will now request transaction data from cryptocurrency exchanges, a move that has been approved by the ...

The International Monetary Fund's Digital Currency Monetary Authority (DCMA) recently announced the forthcoming launch of the Unicion Universal Currency Unit (UMU). A digital currency that will be accepted as legal tender for cross-border settlements. UMU will be recognized by all settlement p ...

The Riksbank, Sweden's central bank, recently released a report detailing the findings of its third round of experiments with its state stablecoin. The report primarily focused on the governance and programmability of the digital currency. Riksbank's researchers emphasized that the digital kro ...

Republican politicians from Texas, Senator Bryan Hughes and Representative Mark Dorazio, have recently introduced a bill proposing the creation of a state digital currency backed by gold. The proposed stablecoin will not be tied to the US dollar but to a fraction of a troy ounce of gold held in t ...

The CEO of Coinbase has announced plans to incorporate The Lightning Network protocol into the trading platform's features, which will allow for faster and more affordable transactions. Brian Armstrong recently discussed the impending modifications to the Bitcoin Lightning Network on Coinbase aft ...

The Central Reserve Bank of Peru (CRBP) has released a comprehensive report detailing the potential of its own digital currency and the advantages it could bring to the country's payment system. With the assistance of the International Monetary Fund (IMF), the report highlights the benefits of a ...

According to the governor of the Central Bank of Nigeria, the local government's digital currency has experienced a significant surge in transaction volume since its launch, with an increase of 63% to reach a transaction volume of $47.7 million. Godwin Emefiele revealed that, initially, after the ...

Senator Ted Cruz of Texas has put forward a proposal to stop the US Federal Reserve (Fed) from releasing its own digital currency for the retail market. According to the Republican senator, the bill would prohibit the government from utilizing the digital dollar to oversee the populace's financia ...

Florida Governor Ron DeSantis recently proposed a bill aimed at prohibiting the introduction of digital currency in the state. DeSantis expressed his concern that the implementation of a digital dollar could potentially lead to government abuse and increased surveillance of financial transactions ...

The PBA and Avanza Group have collaborated to establish a groundbreaking blockchain-based eKYC banking data exchange platform. Under the guidance of the State Bank of Pakistan, the PBA will oversee the project, with the ultimate goal of enhancing anti-money laundering and terrorist financing meas ...