Norway supports MiCA, considers CBDC for financial stability
Norges Bank backs the EU’s MiCA regulation while considering a CBDC to enhance cross-border payments and support financial stability in Norway. Go to Source
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Singapore advances asset tokenization with new MAS frameworks
The Monetary Authority of Singapore is pulling together the projects and participants needed for the next step in its asset tokenization trials. Go to Source
Huawei integrates digital yuan into HarmonyOS NEXT for up to 1B users
No need to download or pull up an app to pay with the Chinese CBDC on Huawei phones now. Go to Source
BIS distances from Project mBridge amid BRICS sanctions concerns
Economic sanctions have a profound effect on international financial architecture, it turns out. Go to Source
2,430% Surge: Why Central Bank Digital Currencies Are Set to Explode
The explosive growth of central bank digital currencies, expected to surge 2,430% by 2031, could revolutionize global payments, slashing cross-border transaction costs by billions. The Global Payment Shake-Up: CBDCs Poised to Transform Transactions Juniper Research, a market research and consulting firm specializing in digital technologies and innovation, released a report on Monday, forecasting a massive … Read more
HKMA Project Ensemble partners with Brazil, Thailand for tokenization
The Hong Kong Monetary Authority launch Project Ensemble in March and now has at least three countries participating. Go to Source
Stablecoins and the dollar: Allies or adversaries in the new financial era?
As Americans gear up for the elections, the digital dollar comes back into focus. What roles will a CBDC and stablecoins play in shaping the future of the US economy? Go to Source
Norway’s Central Bank on CBDC Progress: We’re Not Falling Behind
Norway’s central bank is on track to decide by 2025 whether to adopt a central bank digital currency (CBDC), but officials stress there’s no urgency. Despite Norway’s cashless society, with only 2% using cash, the bank is carefully studying both retail and wholesale CBDC options, emphasizing complex issues and the need for collaboration with other … Read more
Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar
The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new barriers. The platform, which targets underserved regions like ASEAN, could reshape global finance and challenge the U.S. dollar’s dominance while requiring careful coordination to maintain … Read more
Bitcoin academics slam controversial ECB paper blasting Bitcoin
The rebuttal critiques several arguments made by the ECB paper’s authors earlier this month that argued Bitcoin’s price should be regulated or outright banned. Go to Source