It has been another busy week for China’s central bank digital currency (CBDC), the digital yuan, with the token finding new usage cases in the fields of housing aid public resource transactions. Xinhua Daily reported that the Jiangsu Provincial Government Affairs Office has begun using the CBDC in 10 new “application scenarios.”… Read More: China’s…
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The handbook will be descriptive and informational, while the IMF offers advice tailored to specific, prioritized countries. With interest in central bank digital currencies (CBDCs) at an “unprecedented” level, the International Monetary Fund (IMF) is experiencing heavy demand for guidance in regard to them. In response, the IMF planned to release a CBDC handbook, deputy…
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Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European nation, which adopted the euro unilaterally, is moving to realize the plan despite the eurozone developing a digital version of the common currency. Monetary Authority of Montenegro to Cooperate With Ripple on ‘National Stablecoin’ Project…
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XRP, the world’s sixth-largest cryptocurrency with a $26 billion market capitalization, lost 3.3% in 24 hours and is seeking stronger support at $0.50. It was recently rejected at the $0.5853 level in March and is currently trading just above $0.50. Here’s where XRP is heading now. The largest cross-border money transfer token is at a…
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More than 420,000 merchants in Changsha, China, now accept payments in the digital yuan, China’s central bank digital currency (CBDC). The city, located in Hunan Province, was added to the pilot in April 2021. In February this year, Changsha authorities said that 300,000 merchants in the city were processing digital yuan payments. But the same…
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According to reports, the Group of Seven (G7) organization has set its sights on aiding developing countries in the introduction of central bank digital currencies (CBDCs) that adhere to international standards…. Read More: G7 Aims to Aid Developing Nations in Introducing Central Bank Digital Currencies Read more »Sign up for e-EUR – the progressive stablecoin
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: Ripple Partners with Montenegro Central Bank, Bitmain Facing a $3.6M Fine, Head of Exchange Vishal Gupta Leaving Coinbase Read more »Sign up for e-EUR – the progressive stablecoin
On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of central bank digital currencies (CBDCs), and he insisted that the Biden administration has launched a “steady barrage of hostile broadsides against cryptocurrencies.” Kennedy, who recently filed to run for president of the United States in the 2024 election as a…
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The deal, teased in January, could create a national digital currency for a country that now uses the euro. The Central Bank of Montenegro announced on April 11 that it had signed an agreement with Ripple for the development of a strategy and pilot program for a Montenegrin digital currency in the form of a…
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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: ‘Now is Best Time to Invest in Web3’, Ex-FTX US President Brett Harrison Resigned Due to ‘Protracted Disagreement’ with Sam Bankman-Fried, Bank of England Building a CBDC Team…
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