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The central banks of Israel, Norway, and Sweden have partnered the Bank for International Settlements (BIS) to explore CBDC usage in international retail and remittance payments.
CBDC, partnership, central bank, digital currency, blockchain
The Reserve Bank of Australia (RBA) has announced plans to identify business models and uses for a central bank digital currency, or eAUD, and is likely to conduct a pilot early in 2023.
CBDC, central bank, digital currency, cryptocurrency, digital assets
US-based cloud-native payments company Gr4vy has announced a new strategic partnership with cryptocurrency exchange platform BitPay to allow its merchants to easily accept crypto payments through BitPay’s checkout offering.
partnership, blockchain, cryptocurrency, cryptocurrency exchange, crypto, crypto asset, stablecoin, digital wallet, digital currency, payments orchestration, merchants, Web 3.0, web3
The Central Bank of the Russian Federation has begun testing the digital rouble platform and has completed a cycle of transfers between individual clients.
CBDC, banks, digital currency, digital wallet, digital assets
One-stop shopping destination across the UAE, Day to Day Hypermarket, has announced its intention to accept cryptocurrency payments for both online and in-store purchases.
digital currency, digitalisation, cashless, cryptocurrency, crypto, crypto asset, retail, online payments, ecommerce, ecommerce platform, Bitcoin, Ethereum
The European Union (EU) has announced plans to create a sixth Anti-Money Laundering Authority that will be specifically tasked with regulating the cryptocurrency industry.
crypto, regulation, AML, crypto asset, digital currency
The Central Bank of Russia has announced its plans to begin the implementation of the digital ruble in 2024.
CBDC, digital currency, central bank, crypto asset, blockchain
The Bank of Thailand (BOT) has announced its plans to extend the retail CBDC development stage with a pilot phase divided into two tracks.
central bank, CBDC, digital currency, banks
Ethereum has announced it will merge its mainnet with the Ethereum 2.0 Beacon Chai, moving from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. The move is attracting investors.
cryptocurrency, digital currency, blockchain, product launch, expansion
Australia’s Reserve Bank is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore use cases for a central bank digital currency (CBDC).
CBDC, central bank, digital currency, regulation
The Rural Commerce Bank of Zhangjiagang has issued its first digital yuan loan backed by intellectual property as collateral.
digital currency, CBDC, fintech, digital payments
The Nepal Rastra Bank has taken steps towards issuing its own digital currency following a study that has revealed the project’s feasibility.
digital currency, CBDC, central bank, crypto asset
Taiwan’s Financial Supervisory Commission (FSC) has asked credit card companies to ban payments for crypto-related purchases, as the regulator believes these assets are risky and speculative.
financial institutions, financial services, CBDC, digital wallet, digital currency, credit card, debit card, cryptocurrency, cryptocurrency exchange, crypto, crypto asset, NFT, digitalisation
The Bank of Japan (BoJ) has announced it will be abandoning its planned host of central bank digital currency (CBDC) services due to a reported lack of public interest.
CBDC, central bank, digital currency, crypto, blockchain
Zipmex, a cryptocurrency exchange focusing on Southeast Asia, has filed for bankruptcy protection in Singapore, suffering from the late global downturn in digital currencies.
cryptocurrency exchange, crypto asset, regulation, digital currency
Best-selling author of ‘Cashless’ and ‘Innovation Lab Excellence’ Richard Turrin explains for The Paypers where we are in the CBDC journey, with a focus on China’s digital yuan
CBDC, central bank, digital currency, digital wallet, cashless
CBDC, cashless, payments , digital wallet, digital currency
Germany-based financial service provider iBanFirst has announced cooperating with fintech ACE Alternatives, which focuses on the management of alternative investments.
partnership, investment, payment processing, financial services, digital currency
INX, owner of a digital asset trading platform, has partnered SICPA, a Swiss provider of security and identification technologies, to help governments develop CBDC ecosystems.
partnership, CBDC, digital currency, blockchain
People’s Bank of China has confirmed that about one-fifth of the Chinese population had set up e-CNY (digital yuan) wallets.
CBDC, digital currency, digital wallet, central bank