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The IMF Annual Meetings, which concluded on Oct. 15, put forward a roadmap to address "risks related to crypto currencies."
The Hong Kong Monetary Authority has issued a stern warning to cryptocurrency-related firms that are misrepresenting themselves as banks or describing their products as deposits.
Swift says it will test CBDC interoperability alongside three central banks to explore further use cases. Interbank messaging company Swift has entered the second phase of its sandbox experiments with a central bank digital currency (CBDC) as “interest in interoperability…
To make CBDCs successful, global and local financial institutions need to invest in digital currency education, analyze various use cases, and create their digital currency strategy.
The Australian Central Bank and the Digital Finance Cooperative Research Centre have released a report on the use cases for CBDCs in the country
The Bank of Thailand has announced its commencement of a pilot project, set to launch this month, for testing a retail central bank digital currency (CBDC) within a regulatory sandbox.
Nigeria's cryptocurrency landscape has experienced ongoing turmoil, with citizens embracing digital assets while the government remains steadfast in its opposition.
The central banks of the UAE and Hong Kong join forces to enhance regulatory frameworks through collaborative efforts on financial infrastructure and digital assets legislation.
Argentina is facing a challenging financial landscape, with its Central Bank imposing restrictions on cryptocurrency transactions via payment providers.
The Digital Currency Monetary Authority (DCMA) has announced the launch of its Universal Monetary Unit (UMU) dubbed Unicoin.
The Central Bank of the United Arab Emirates (CBUAE) has released its CBDC strategy. R3 and G42 Cloud have been chosen as the infrastructure and technology providers.
The COVID-19 pandemic caused governments and central banks to create a lot of new money, which had significant impacts on the banking industry, asset prices, and the cryptocurrency market.
The United Arab Emirates central bank , today, announced the launch of CBDCs. More central banks are looking into CBDCs as UAE's central banks believes they are the way to their economical goals.
The rise of bitcoin in 2009 led to the rapid evolution of the global financial sector. Bitcoin’s creation laid out a blueprint that has shaped digital finance in the modern day. As such, governments have taken the initiative by creating…
In response to fears that the central bank is not yet finished raising rates aggressively, the crypto markets swooned.
A cryptocurrency is a form of virtual money or digital asset made with the help of encryption algorithms that can be moved from one account to another without the need for a middleman. That means a user can send or…