Shanghai Metaverse Pilot Introduces Digital Services in 20 Urban Locations
The metropolis of Shanghai is bringing metaverse actions to twenty city areas, that can permit residents to make use of digital instruments in several methods...
Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil
Tehran and Moscow are discussing the attainable launch of a stablecoin for worldwide settlements, the Russian press revealed. In order to mint the gold-backed forex,...
Tanzanian Central Bank Adopts ‘Phased and Risk-Based Approach to Adoption of CBDC’
After months of analysis, the Tanzanian central financial institution introduced lately that it had chosen a extra cautious and risk-based strategy in direction of the...
Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023
The central financial institution of Georgia intends to publish a doc detailing the idea of a nationwide digital foreign money within the coming months. Other...
Ukraine’s Tascombank Pilots Stellar-based E-hryvnia
Tascombank, one of many oldest banking establishments in Ukraine, has accomplished the pilot testing of a digital forex primarily based on the Stellar community. The...
UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective
The U.Ok. is mulling over launching a digital pound because it stays dedicated to changing into a cryptocurrency hub, a authorities consultant has indicated. British...
Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs
The Central Bank of Russia has detailed two strategies for implementing the digital ruble and different state-backed cash in worldwide settlements. The financial authority additionally...
Report: Nigeria to Stop Cash Withdrawals From Government Accounts
From the beginning of March, Nigerian public officers will probably be barred from withdrawing money from authorities financial institution accounts, the pinnacle of the Nigerian...
Mexican CBDC Unlikely to Be Ready by 2024
The Mexican central financial institution digital foreign money (CBDC), the digital peso, is unlikely to be prepared by 2024, as was introduced again in 2021...
ECB’s Fabio Panetta: Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’
Fabio Panetta, a part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency property are automobiles for playing with out...