The Russian central bank has started to reconsider its previous opposition to stablecoins, which is a significant change in the country’s digital assets policy. First Deputy Chairman Vladimir Chistyukhin has confirmed that the Central Bank of Russia will conduct a study on the possibility of issuing a stablecoin in the
The regulators of China have now tightened control for digital assets and have prohibited the unauthorised issuance of yuan-pegged stablecoins overseas and widened the prohibition to real-world assets associated with the currency of the country. On February 6, the People’s Bank of China (PBOC), with seven government agencies, released a
Crypto traders are expected to benefit from the direct leveraged trading of silver through the expansion of derivatives products by the leading cryptocurrency exchange, Binance. Binance Futures has announced that silver perpetual contracts will go live on Wednesday. The new contract will go live at 10:00 UTC and allow traders
Cryptocurrency has come a long way—from a fringe concept known only to tech-savvy circles to a key player in the global financial ecosystem. As digital assets gain more mainstream acceptance, governments and regulators worldwide are working to figure out how best to fold them into existing financial and legal frameworks.
President Sadyr Zhaparov made Kyrgyzstan one step closer to becoming part of the few countries operating central bank digital currencies (CBDCs). He signed on constitutional amendments, which introduced the legal framework for the digital som. This legislation outlines the future CBDC launch framework. Meanwhile, the National Bank of the Kyrgyz
AUSTRAC, Australia’s anti-money laundering regulator, moved against 13 cryptocurrency companies under its overall operation of cracking down on non-adherence to money laundering laws. Over 50 more companies continue to be watched. The probe, which commenced more than a year ago, aims to confirm that cryptocurrency exchanges and digital currency providers
In today’s digital era, money is evolving fast. From cash transactions to online payments, the way we handle money has drastically changed. As physical cash becomes less common, especially during the COVID-19 pandemic due to hygiene concerns and cash shortages, more people are turning to digital transactions. Since then, banks
On Monday, Brazil’s central bank unveiled its imminent central bank digital currency (CBDC), named “DREX,” which is set to launch next year. The purpose behind this initiative is to enhance the country’s financial services through the utilization of this digital currency. The central bank of Brazil revealed the new CBDC
Nigeria’s digital revolution took a bold step forward on Wednesday, May 3rd, as Prof. Ibrahim Pantami, Minister of Communications and digital economy, spearheaded the adoption of blockchain technology on a national level. BREAKING: The Federal Executive Council today approved @FMoCDENigeria’s National Policy on Blockchain. What this means is that @NigeriaGov
The Central Bank of Montenegro (CBCG) has agreed to work with cryptocurrency and blockchain solutions provider Ripple to create a plan and pilot project to introduce the nation’s first digital currency in the form of a Central Bank Digital Currency (CBDC) or national stablecoin. Montenegrin Prime Minister Dritan Abazovic first
