The Russian business community and financial experts have spoken about the potential pitfalls – and possible advantages – of a digital ruble as Moscow prepares for the August launch of a CBDC pilot. Izvestia quoted Sergey Katyrin, the President of the Russian Chamber of Commerce and Industry, as stating that businesses would likely welcome certain…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: South Korea Launches the Joint Investigation Centre for Crypto Crimes, Singapore Rules Crypto is Property Capable of Being Held in Trust, Craig Wright Must Pay £400,000 in Coinbase…
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The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees. The government of Palau is set to begin a pilot project for a United States dollar-backed stablecoin on July 26. The new coin will be issued on XRP Ledger. The country…
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President Vladimir Putin has signed into law a bill on the introduction of the digital ruble in the Russian Federation. The new legislation, which legalizes and regulates the use of Bank of Russia’s digital currency for payments and other transactions, will enter into force on Aug. 1. President Putin Greenlights Law Introducing Digital Ruble as…
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Russian President Vladimir Putin has officially signed a bill that will introduce a digital version of the country’s national currency. The move gives legal authority to the Bank of Russia, the country’s central bank, to act as the platform operator for the digital ruble, according to an official document. Under the newly signed law, the central bank of Russia will be…
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The state seeks someone with connections and expertise in the blockchain industry, promising a $150,000 annual salary. The United States state of Wyoming is beginning its work on its stablecoin, officially called the “stable token” project, by opening a job position for the head of the stable token commission. The executive will lead a team…
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A leading Russian lawmaker says China and Russia’s CBDCs may be “compatible” and could be used to make international payments between the nations. Per RBC, the comments were made by Anatoly Aksakov, a member of the State Duma from Chuvashia’s Kanash constituency and the Chairman of the State Duma Committee on the Financial Markets. Aksakov…
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The US Federal Reserve recently unveiled the FedNow Service system to facilitate instant payments; however, experts warn that the system might become a precursor to the infrastructure for a central bank digital currency (CBDC)…. Read More: Fresh Speculation Arises as US Federal Reserve Debuts FedNow Instant Payments Service Read more »Sign up for e-EUR –…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: WeChat & Alipay Enable Foreigners to Pay at Chinese Retailers, ETH 699,816 Paid as Royalties to NFT Projects on Ethereum, Hana Bank & Woori Bank ‘Interested in Certificate…
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Russian citizens will not be forced to use the digital ruble, and use of the CBDC will be a voluntary choice for people to make, the governor of the Bank of Russia said. Russia is moving forward with its central bank digital currency (CBDC) as President Vladimir Putin signed the digital ruble bill into law…
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