In a significant stride towards the future of digital payments, Standard Chartered’s SC Ventures and Deutsche Bank have successfully executed the first proof of concept (PoC) for the Universal Digital Payments Network (UDPN).
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In recent developments, the Reserve Bank of Australia (RBA) has emphasized the potential of tokenized money in revolutionizing the financial landscape.
In a significant move towards digitizing the nation’s financial infrastructure, the Reserve Bank of India (RBI) has initiated a pilot program for its wholesale Central Bank Digital Currency (CBDC) in the call money market.
The Bank of Canada recently conducted a comprehensive study examining the potential role of a Central Bank Digital Currency (CBDC) in enhancing financial inclusion, digital inclusion, and overall accessibility.
The non-fungible token (NFT) market, once hailed as the next big thing in the digital realm, has shown signs of cooling off.
In a significant move towards global financial stability, the G20 Leaders’ Summit, held in New Delhi, has endorsed a comprehensive roadmap for cryptocurrency regulations.
Visa, the global payments giant, is setting its sights on a future that encompasses more than just traditional currencies and banking systems.
The cryptocurrency analysis platform CCData released the “Stablecoins and CBDC Report”, showing that the total market value of stablecoins continued to decline in August.
Ripple policy executive Susan Friedman recently spoke to the Digital Sterling Foundation, a leading advocate of a central bank digital currency (CBDC), to discuss London’s potential to become a thriving cryptocurrency hub.
The Central Bank of Kenya has announced that the appeal of a central bank digital currency (CBDC) is waning and will continue to monitor its development closely.
The U.S. House of Representatives Financial Services Committee has released a discussion draft of a groundbreaking stablecoin bill ahead of Saturday’s congressional hearing.
Moody’s, a global credit rating agency, predicts that the failures of Silicon Valley Bank and Signature Bank could trigger additional regulatory requirements, especially around counterparty diversification.
The Central Bank of Brazil has announced that it will be using an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency in its digital real pilot project.
In a recent interview, Reserve Bank of India (RBI) Executive Director Ajay Kumar Choudhary gave an update on the central bank’s digital currency (CBDC), emphasizing that the digital rupee will serve as an alternative to cryptocurrencies.
LONDON – The United Kingdom government is considering the launch of a digital version of the national currency, known as a digital pound, as it remains committed to becoming a cryptocurrency hub, Economic Secretary to the Treasury Andrew Griffith told lawmakers.
Over the past few weeks, we’ve seen a slew of institutional reports looking back at the crypto winter of the past year and offering an outlook for 2023.
As the crypto market continues to evolve and mature, it’s important for investors and enthusiasts to stay informed about the latest trends and developments.
The growth of Bitcoin poses a significant threat to the existing fiat currency system, Frank Giustra, CEO of investment management firm Fiore Group, said in an interview with Stansberry Research, while noting that regulators are willing to redouble their efforts to curb any competition.
On Thursday, IMF staff called for a global platform for cross-border payments and renewed calls for regulation of the crypto industry, which officials say is unstable, inefficient and riddled with fraud.