With the exciting development in the financial sector, crypto has witnessed astonishing growth due to its decentralized nature. The growing
Category: Central Bank Digital Currency (CBDC)
Ripple Executive Anticipates Implementation of CBDC to Address Financial Inclusivity Challenges
As the number of countries embarking on the Central Bank digital currency (CBDC) pilot trial increases, key industrial players have
Policy Makers Tightens Digital Assets Regulation to Restore Integrity of UAE’s Financial System
In a recent report, the Central Bank of the United Arab Emirates (CBUAE) teamed up with other multidisciplinary units to
Binance Teams Up with MUBT to Support Issuance of Stablecoins in Japan
In an advanced report, Binance Japan announced plans to partner with Mitsubishi UFJ Trust and Banking Corporation (MUTB) to onboard
KuCoin Report Says Half of the Turkish Investors Owns Crypto Assets
As inflation continues to bite, Turkey has witnessed tremendous growth in crypto adoption. A recent survey by KuCoin indicated that
Chinese Hangzhou City Rolls Out Blockchain-Powered Data Exchange
Despite the regulation restriction on digital assets imposed by the Chinese authority, the Asian country has demonstrated massive interest in
BIS Says Crypto Assets Increases Financial Risks on Emerging Markets
In a recent publication, the Bank for International Settlements (BIS) stated that as the adoption of crypto assets continues to
South Korea Conducting CBDC Pilot Test Outside its Capital City
The Bank of Korea announced on July 31 plans to conduct a central bank digital currency (CBDC) in three towns.
Hong Kong Join Forces with Saudi Arabia to Promote Financial Innovation
On July 26, the Hong Kong Monetary Authority (HKMA) signed a memorandum of understanding with the Saudi Central Bank (SAMA)
Palau Launches USD-Backed Stablecoin Pilot Testing
An announcement conveyed by the government of Palau revealed that the regulatory agencies had been granted legal authority to proceed