Iran completes pre-pilot phase of central bank digital currency
The Central Bank of Iran progresses with CBDC development in anticipation of a visit by the Bank of Russia’s governor Elvira Nabiullina. Go to Source Powered by WPeMatico
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Pakistan banks agree on blockchain-based KYC system development
The blockchain-based national eKYC banking platform is aimed at strengthening anti-money laundering (AML) capabilities while countering terror financing. Go to Source Powered by WPeMatico
Pakistan Banks to Use Blockchain Technology for KYC
Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they describe as a decentralized and self-regulated network. Banks of Pakistan Looking to Employ Blockchain for KYC Checks Pakistan Banks’ … Read more
Crypto Exchanges Binance and Kuna Suspend Card Transactions in Ukrainian Hryvnia
Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using Cards in National Currency The world’s largest crypto exchange, Binance, and a leading Ukrainian … Read more
India explores offline functionality of CBDCs: RBI executive director
In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries. Go to Source Powered by WPeMatico
Australian central bank to launch ‘live pilot’ of CBDC in coming months
The use cases for the CBDC ranged from offline payments to “trusted Web3 commerce” and financial industry participants were invited to undertake a live pilot. Go to Source Powered by WPeMatico
Bank of England has no tech skills to issue CBDC yet: Deputy governor
BoE deputy governor Jon Cunliffe compared a potential digital pound with iPhone’s Apple Store as it could “open a new frontier for people to improve payments.” Go to Source Powered by WPeMatico
FSB, IMF and BIS papers to set global crypto framework, says G20
A series of recommendations and papers setting standards for a global crypto regulatory framework will be released by the institutions in July and September. Go to Source Powered by WPeMatico
U.S. Treasury Janet Yellen calls for ‘strong regulatory framework’ for crypto activities
On the sidelines of the G20 meeting, U.S. Treasury Secretary Janet Yellen said the country is not pushing for an outright banning of crypto activities. Go to Source Powered by WPeMatico
Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000
This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a key ingredient to force the U.S. Federal Reserve to pivot its stance … Read more