The Bank of Russia (BoR) has unveiled the official logo for the CBDC initiative it has been developing in Russia. Commission fee rates have also been released by the central bank, and they are expected to rise above zero in 2025. The Bank of Russia (BoR) unveiled the official identity
Ripple will provide the Ripple Central Bank Digital Currency Platform and technical resources in a Controlled Pilot NGERULMUD, Palau & SAN FRANCISCO–(BUSINESS WIRE)–The Republic of Palau and Ripple have launched a limited stablecoin pilot. Palau and Ripple, the leader in enterprise blockchain and crypto solutions, started collaborating on exploring potential
After passing a virtual assets bill into law on Friday, the Namibian government plans to create a regulatory body to monitor the sector. To better regulate and oversee virtual asset service providers and associated activities, the government of Namibia has enacted the Namibia Virtual Assets Act 2023. The National Assembly
The legislation governing the digital ruble has been approved and will go into effect on August 1, 2023, with the exception of one restriction. Article 3 is scheduled to go into effect in Russia in August 2024. Moreover, it amends various federal laws, notably those pertaining to bankruptcy and inheritance.
Bundle, a social payments app popular in Nigeria, has announced it would be discontinuing its cryptocurrency exchange service. As part of the shareholders’ decision to reorganize the firm to concentrate on Cashlink, Bundle announced on its blog on July 20 that it will halt operations of its exchange services. The
According to a recent analysis, the total value of all stablecoins has dropped for the sixteenth month in a row, to almost a level not seen since August of 2021. According to research published on July 20 by CCData, a cryptocurrency analytics platform, the stablecoin market worth dropped by 0.82%
EMTECH’s Beyond Cash or (BYDC) is a CBDC Simulator built on Hedera layer 1 protocol with pre-built APIs that simplify the integration of digital cash in fintech products across various use cases. NEW YORK–(BUSINESS WIRE)–EMTECH, an award-winning software company and first-of-its-kind Modern Central Banking Infrastructure provider, today announced the public
Powered by Arweave, Turbo Offers Unparalleled Security and Permanence NEW YORK–(BUSINESS WIRE)–ArDrive, a pioneer of permanent data storage applications, today introduced Turbo, a revolutionary upload service designed to enhance data storage accessibility and efficiency on the Arweave blockchain. Turbo dramatically streamlines the upload process, allowing users to pay for permanent
LAS VEGAS–(BUSINESS WIRE)–#Linux—Tachyum® today released a paper “Credit Unions, Blockchain, CBDC, FinTech and Tachyum Prodigy®” explaining how Prodigy, the world’s first Universal Processor, can transform transactional banking while minimizing the monetary and environmental costs of blockchain’s electrical energy requirements. With Blockchain, transactions are transmitted directly from payer to payee (person
Finance Minister Nirmala Sitharaman of India, which is now holding the G20 chair, said on Tuesday that the G20 embraced the recommendations of the Financial Stability Board (FSB) on crypto asset activity and global stablecoin arrangements. After several claims of criminal behavior surfaced during crypto’s recent rocky year. The international
