CBDC

The United States is slowly developing central bank digital currencies, which risks the country falling behind China, India, and the European Union in determining the future of money, according to a warning from the think tank The Atlantic Council. Global Advances in Digital Currencies China has increased work on its digital yuan over the past […]

Bitcoin’s rise has Morgan Stanley’s head of digital assets, Andrew Peel, warning of a potential seismic shift with far-reaching implications for the U.S. dollar’s global dominance. In a note dated Jan 12, Peel expressed concern about a potential “paradigm shift” in the perception and use of digital assets, such as Bitcoin, currently valued at $42,760. […]

The Ministry of Finance of Palau has officially launched the second phase of the Palau Stablecoin (PSC) project with Ripple’s CBDC platform collaboration. On December 15, Jay Hunter Anson, a cybersecurity consultant in Palau and adviser to the Ministry of Finance, confirmed the program’s second phase initiation in a post on X (formerly Twitter). The […]

In a decisive victory, Argentina’s Bitcoin-friendly Javier Milei clinched the presidency in the run-off election on November 19, securing over 55% of the votes with 99% counted. Bloomberg data revealed Milei’s triumphant lead, boasting nearly 3 million votes more than his opponent, Sergio Massa, the country’s minister of economy. Moreover, Massa graciously conceded before announcing […]

In a significant development, the United States House Financial Services Committee is taking decisive steps to address the issuance of a central bank digital currency (CBDC). Chairman Patrick McHenry has announced that the Committee is scheduled to convene on September 20th for the markup session of two bills pertinent to the potential digital dollar. Markups […]

Tokenize­d deposit technology is gaining popularity in South Korea, as private­ banks like Hana Bank and Woori Bank based in Seoul are­ actively exploring the pote­ntial of “certificate of deposit” toke­ns (CDs). A recent report by Mae­li Business News Korea highlights the­ir deep intere­st in this innovative financial instrument. Tokenized Deposits: A Secure Alternative to […]