According to Federal Reserve, Governor United States must win the CBDC race.
The federal reserve governor has argued that the United States must be at the forefront of developing the central bank-issued digital currency. It.
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CBDC could pose a threat to the financial system
The state-backed digital currencies can disrupt the financial systems. Though CBDCs can help Central banks to address the decline in cash payments, some.
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The third-richest Arab country joins hands with JPMorgan Chase.
The central bank of Bahrain and JP Morgan are going to work on a digital currency settlement pilot. Bahrain’s Central Bank expects digital.
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China’s ongoing development of the digital yuan
Hong Kong is about to expand Pilots for cross-border use of the digital yuan. According to the Hong Kong Monetary Authority, the first.
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Alipay is testing Digital Yuan
Alipay is all set to allow its users to test China’s digital Yuan. This China’s e-payment giant allows some of its users to.
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Bahamas To Launch Digital Currency To Maintain Connectivity
The central bank of Bahamas is set to launch its own digital currency to maintain connectivity in far-flunged island and beaches. In the.
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US To Simplify Regulation Process for Cryptocurrency Firms
US-based money services businesses, including cryptocurrency companies, will soon be able to enjoy trimmed down regulatory processes. The Conference of State Bank Supervisors.
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DCG Acquires Luno to Accelerate Global Cryptocurrency Adoption
Digital Currency Group (DCG), a global leader in blockchain investments, has announced its acquisition of Luno, a prominent cryptocurrency exchange. The deal positions.
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Sygnum Expands Horizons with FINMA-Approved Digital Asset Trading Facility
Sygnum, the world’s first digital asset bank, has achieved a landmark milestone with regulatory approval from FINMA for its digital asset trading facility..