The CBDC Experiment was announced by the Central Bank of Saudi Arabia in a press statement published today. The central bank plans to continue its experiments with a possible CBDC deployment, according to the statement. The statement reaffirms the country’s commitment to explore the CBDC from a wholesale perspective. In
January 25, 2023 1 min read
Stablecoins and CBDC trials are becoming more popular in Europe. Spanish central bank Banco de Espaa approved a pilot programme on January 19. That would issue digital tokens tied to the euro. MONEI, a regulated fintech payments business, is leading the charge on this initiative. Furthermore, that will provide customers
January 24, 2023 1 min read
Stellar Development Foundation, a non-profit, has stated that it would be participating in a new advisory group established by the United States Commodity Futures Trading Commission (CFTC). As stated in the company’s release, SDF will be representing the cryptocurrency industry. As one of four representatives at the CFTC’s Global Markets
January 23, 2023 2 mins read
The National Bank of Georgia (NBG) is preparing to publish a whitepaper on the “digital lari,” which will provide a framework for interested parties to refine their suggestions ahead of the project’s pilot phase. The NBG had planned to begin testing the central bank digital currency (CBDC) in 2022, but
January 22, 2023 2 mins read
Former FTX president Brett Harrison, who left the firm in September 2022, has launched a new endeavor to entice traditional financial institutions to join the field of decentralized finance (DeFi). After the former president of FTX US, Harrison, detailed his departure from the firm and his strained relationship with co-founder,
January 21, 2023 2 mins read
Mango Markets hacker Avraham Eisenberg, who had previously claimed responsibility for the scheme, was charged with fraud and market manipulation by the United States Securities and Exchange Commission (SEC) on Monday. The charges stem from his alleged actions on the Solana-based decentralized exchange (DEX) in October 2022. U.S. citizen and
January 21, 2023 1 min read
It’s about time that Robinhood started competing in the digital wallet market. The Robinhood Wallet, a mobile app for cryptocurrency exchange, transfer, and the viewing of NFT and cryptocurrency holdings, was released by the company today. According to Robinhood, over a million people have been waiting for it and will
January 21, 2023 2 mins read
Charles Hoskinson, founder of Cardano, said on Friday that he is contemplating purchasing CoinDesk in order to transform it from a cryptocurrency news website into a hybrid of sorts, bringing together news and a community forum. He thinks the asking price of $200 million is too much, despite the fact
January 20, 2023 1 min read
Financial Services Agency (FSA) of Japan Deputy Director-General Mamoru Yanase has called for more worldwide controls on the cryptocurrency sector. According to him, cryptocurrency exchanges need to be regulated like traditional financial institutions. Moreover, Yanase argues that authorities may avoid another crypto platform collapse by treating them like banks. The
January 18, 2023 2 mins read
Stablecoins and CBDCs, issued by central banks, have captured the interest of governments throughout the world. Evidence for this comes from the fact that several nations are embracing CBDCs and launching pilot programmes to fully integrate them into daily life. Recent events include the introduction of a CBDC pilot programme
January 18, 2023 2 mins read
