Digital Tenge Goes Live: Kazakhstan Launches CBDC

Digital Tenge Goes Live: Kazakhstan Launches Its CBDC

Kazakhstan has officially launched its central bank digital currency (CBDC), the digital tenge, marking a significant step in the country’s financial technology evolution. The chairman of Kazakhstan’s National Payment Corporation (NPC), Binur Zhalenov, made the inaugural transaction with the digital tenge at the XI Congress of Finance in Almaty. This launch promises substantial platform development […]

Singapore’s Central Bank Launching ‘Live’ Trials for Wholesale Digital Currency

Singapore's Central Bank Launching 'Live' Trials for Wholesale Digital Currency

The Monetary Authority of Singapore (MAS) has announced the initiation of “live” trials for a central bank digital currency (CBDC) specifically for wholesale settlements. This move is part of a broader initiative to expand trials in asset tokenization and establish the necessary infrastructure for a digital Singapore dollar. The Orchid Blueprint by MAS outlines the […]

PetroChina Marks a Milestone with International Crude Oil Trade via Digital Yuan

PetroChina Marks a Milestone with International Crude Oil Trade via Digital Yuan

In a historic move that showcases the evolving landscape of international trade and finance, PetroChina, a leading Chinese oil and gas firm, completed its first international crude oil transaction using the digital yuan. This pioneering transaction was highlighted in a report by China Daily on Saturday. PetroChina, stepping into uncharted territories, acquired a whopping 1 […]

Circle Defends Stablecoins Amid SEC’s Case Against Binance

Circle Defends Stablecoins Amid SEC's Case Against Binance

Circle, the organization behind the USD Coin (USDC) stablecoin, has presented its perspective regarding the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the cryptocurrency platform, Binance. Circle contends that stablecoins, which are cryptocurrencies tied to stable assets like the U.S. dollar, should not be classified as securities. In their legal document, Circle posits that […]

Project Sela: Israel and Hong Kong Finalise Retail CBDC Test Focusing on Privacy and Inclusivity

Project Sela: Israel and Hong Kong Finalise Retail CBDC Test Focusing on Privacy and Inclusivity

Israel and Hong Kong have recently finalised their retail Central Bank Digital Currency (CBDC) pilot project, Project Sela, highlighting the significant emphasis placed on privacy and inclusivity. During the pilot project, both nations collaborated to explore the practical implications of a CBDC in the retail sector. They utilised Distributed Ledger Technology (DLT) to investigate various […]

Brazilian Central Bank Adds Crypto Exchange Mercado Bitcoin in CBDC Pilot Including Mastercard

Brazilian Central Bank Adds Crypto Exchange Mercado Bitcoin in CBDC Pilot Including Mastercard

Source: Coindesk Brazil’s central bank authorized on Thursday the largest local crypto exchange, Mercado Bitcoin, to participate in the pilot of the digital real, the South American country’s central bank digital currency (CBDC). The consortium led by Mercado Bitcoin counts Mastercard, broker Genial, registrar Cerc and financial software fintech Sinqia as partners, local newspaper Valor reported. […]

Digital Pound Should Be Interoperable with Crypto, U.K. Lobbyists Say

Digital Pound Should Be Interoperable with Crypto, U.K. Lobbyists Say

Source: Coindesk Lobby groups and crypto companies in the U.K. are generally welcoming of the government’s plans for a digital pound, but some of them believe the currency should be interoperable with crypto in order to be suitable for the future. The U.K. opened its plans for a digital pound for public comment in February, just as […]

EU Legislation for Digital Euro Is Put on Hold

EU Legislation for Digital Euro Is Put on Hold

Source: Coindesk European Union legislation needed to underpin a digital euro, originally due to be published June 28, has been put on hold, CoinDesk has been told. The move follows the leaking of the draft bill, which covers privacy and technical issues for the central bank digital currency (CBDC), and a statement by finance ministers […]

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