Hong Kong Introduces Stablecoin Issuer Sandbox for Emerging Crypto Businesses

Hong Kong Introduces Stablecoin Issuer Sandbox for Emerging Crypto Businesses

The Hong Kong Monetary Authority (HKMA) has introduced a new initiative for stablecoin issuers, termed the stablecoin issuer sandbox arrangement. This initiative is designed as a communicative bridge between the HKMA and entities interested in the stablecoin market. It aims to set clear regulatory expectations for those issuing fiat-backed stablecoins and offers a platform for […]

Project Agila to Finalise Philippines Wholesale CBDC Pilot in 2024

The Bangko Sentral ng Pilipinas (Philippines Central Bank) is set to finalise its wholesale CBDC pilot, known as Project Agila, within the year. The project, which sees the collaboration of six local financial institutions, is exploring the potential of using CBDC for securities transactions, as indicated by Mamerto Tangonan, the Deputy Governor for Payments and Currency Management Sector.

The Bangko Sentral ng Pilipinas (Philippines Central Bank) is set to finalise its wholesale CBDC pilot, known as Project Agila, within the year. The project, which sees the collaboration of six local financial institutions, is exploring the potential of using CBDC for securities transactions, as indicated by Mamerto Tangonan, the Deputy Governor for Payments and […]

Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year

Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year

Source: Bitcoin.com Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in Kyiv is now in talks with the central bank and businesses involved in the project to pilot the digital currency as early as this year. Minister Says Ukraine Aims to Launch Digital Hryvnia […]

Mexican CBDC Unlikely to Be Ready by 2024

Mexican CBDC Unlikely to Be Ready by 2024

Source: Bitcoin.com The Mexican central bank digital currency (CBDC), the digital peso, is unlikely to be ready by 2024, as was announced back in 2021 by the Mexican government. In a statement, representatives from Banxico, the central bank of Mexico, stated the development of the currency was still in its initial stages, and there is […]

Bill on Digital Ruble Submitted to Russian Parliament

Bill on Digital Ruble Submitted to Russian Parliament

Source: Bitcoin.com A group of Russian lawmakers, led by the Chairman of the Financial Market Committee Anatoly Aksakov, have submitted draft legislation on the digital ruble, the central bank digital currency (CBDC) minted by Russia’s monetary authority. The document suggests legislative changes meant to create the conditions for its introduction. According to the explanatory notes […]

National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge

National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge

Source: Bitcoin.com The National Bank of Kazakhstan (NBK) has announced the successful completion of the second stage of testing of the platform for its central bank digital currency (CBDC). The results of the trials and the study on the need for the new version of the national fiat, the tenge, have been presented in a whitepaper published […]

Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs

Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs

Source: Bitcoin.com San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (non-fungible tokens) seeks to enable the promotion of social development, and economic, cultural, and financial inclusion using blockchain. San Luis Approves Blockchain […]

US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private

US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private

Source: Bitcoin.com Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: “Any U.S. CBDC must be open, permissionless, and private.” Congressmen Say Any US CBDC Must Be Open, Permissionless, and Private U.S. Congressman Tom Emmer (R-MN) announced Thursday that […]

Santander Proposes Project to Tokenize and Trade Properties With the Brazilian CBDC

Source: Bitcoin.com Santander, one of the largest banking institutions with a presence all over the world, has presented a proposal to enhance the use case of the proposed central bank digital currency (CDBC), the digital real, in Brazil. Santander is using technology coming from another company, Parfin, to tokenize the property rights of the assets […]

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