digital economy

Discussions around ways to shorten local settlement cycles within the next five years have got most securities firms eyeing local central bank digital currencies (CBDCs). CitiBank’s latest edition of the Securities Services Evolution whitepaper highlighted India’s recent move to T+1 settlements, ...

Australia’s central bank has completed its pilot of a central bank digital currency exploring use cases for a potential digital dollar, finding it useful in four main areas, including enabling complex payments and asset tokenization. The Reserve Bank of Australia and the Digital Finance Coope ...

The Sultanate of Oman has launched a new cryptocurrency mining center, the second mining facility to open in the country in the past 10 months. According to a local publication, the Oman Daily Observer, a data hosting and cryptocurrency mining center, was opened in the Salalah Free Zone, which is ...

French lawmakers unveiled an updated bill that would allow even unlicensed virtual asset service providers (VASPs) to engage celebrities to promote their products. According to a press release posted on the French Senate's website, lawmakers reached a unanimous agreement to ...

As reported in local publications, the Beijing Municipal Science and Technology Commission has published its own Web3 White Paper on Innovation and Development. Beijing aims to become an international innovation center for the digital economy. The document describes Web3 ...

The city wants to become a global innovation center for the digital economy The city will spend $14 million a year to achieve this goal; May 27, the city of Beijing released a whitepaper that aims to promote innovation and the development of the Web3 industry. ...

Nanking University of Information Science and Technology has created its virtual world on blockchain to stimulate research and development of metaworlds across the country. The project, called Blockchain Technology and Application Innovation Platform of China was created ...

The management of the operator of the largest stabelcoin by capitalization Tether signed an agreement with Tbilisi Business and Technology University (BTU). The company said the partnership will give students the knowledge and skills they need to work in the digital econo ...

"The Zambian government is taking a big step forward by embracing the use of crypto assets for payments," declared Felix Mutati, the Minister of Science and Technology. He stated that Zambia is prepared to integrate digital currencies into its financial system and that the government has already ...