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Some of Asia’s largest banking institutions are working together on a “multiple” CBDC project, designed to cross borders and navigate regulations easier than fiat. Go to Source Powered by WPeMatico
Bank of Korea Governor Lee Ju-yeol has expressed skepticism over the recent crypto rally, stating that the bank is progressing with a digital currency project. Go to Source Powered by WPeMatico
Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot. Go to Source Powered by WPeMatico
Mark Carney, one of the most prominent central bankers of the post-financial crisis era, has officially joined the digital payments company. Stripe has all but abandoned cryptocurrency payment solutions for the time being, but its founders are positive about the emerging industry. Go to Source Powered by WPeMatico
The Central Bank of The Bahamas partnered with Mastercard and digital payment startup Island Pay to launch a card for its central bank digital currency. Go to Source Powered by WPeMatico
Sweden’s exploration into CBDCs will continue until 2022, as the nation’s central bank seeks to construct a digital version of the krona. Go to Source Powered by WPeMatico
Russian wireless service providers MegaFon and Beeline proposed to link digital ruble wallets on smartphones to user’s phone numbers. Go to Source Powered by WPeMatico
Algorand rallied to a multi-year high after the network emerged as a possible choice for central bank digital currencies and the team revealed its DeFi plans. Go to Source Powered by WPeMatico
MasterCard will allow its almost one billion users to spend cryptocurrencies at more 30 million merchants, although it hasn’t specified which coins will be supported. Go to Source Powered by WPeMatico
The central bank said it will reach a decision on releasing a digital euro “towards the middle of 2021.” Go to Source Powered by WPeMatico
