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The Argentinian government has taken the first steps in the launch of its own central bank digital currency (CBDC). A new decree identified the number 207/2022 gives new faculties to the Argentinian mint to involve in the investigation, development, and issuance of digital currencies. This puts Argentina on the trail of countries like Brazil and … Read more
Up to five banks or other payment services providers will be selected to participate without compensation in the development of the digital euro front end. Go to Source Powered by WPeMatico
The Chinese government is giving away 15 million yuan in central bank digital currency (CBDC) to 130,000 residents of Shenzhen this Friday. The digital yuan can be used at nearly 5,000 stores with no minimum purchase required. Digital Yuan Pilot Continues China’s central bank, the People’s Bank of China (PBOC), continues to test its central … Read more
China has expanded its central bank digital currency pilot program to include the payment of tax, stamp duty and social security. Go to Source Powered by WPeMatico
Comparing the rise of crypto assets to the gold rush, a top executive at the European Central Bank has urged governments to take action to prevent “a lawless frenzy of risk-taking.” Speaking in the U.S., the ECB official called for a global regulatory clampdown on cryptocurrencies and stepping up efforts to issue central bank digital … Read more
The world’s largest asset manager has launched a blockchain ETF, providing clients with greater exposure to crypto and blockchain-related companies. Go to Source Powered by WPeMatico
Russia’s monetary authority intends to conduct the first settlements with the digital ruble next year, its governor announced this week. Speaking to Russian lawmakers, the official highlighted the important role the new currency is going to play for Russia under sanctions. Russia to Trial Digital Ruble in Settlements, International Payments The full launch of the … Read more
Banxico, the Central Bank of Mexico, has announced it expects the development of its central bank digital currency (CBDC), the digital peso, to be completed in about three years. Victoria Rodríguez Ceja, the governor of Banxico, reported this before the Mexican Senate and added that the new currency should fulfill the three traits of money … Read more
Regardless of who wins the presidency, France is unlikely to deviate from the pan-European regulatory approach. Go to Source Powered by WPeMatico
In an interview, the sitting French president voiced his support for MiCA regulation and the digital euro project. Go to Source Powered by WPeMatico
