UK Crypto, Stablecoin Laws Approved by Parliament’s Upper House

UK Crypto, Stablecoin Laws Approved by Parliament's Upper House

Source: Coindesk U.K. parliamentarians have voted through a new bill that could recognize crypto as a regulated activity in the country. The approval of the Financial Services and Markets Bill (FSMB) on Monday by Parliament’s upper chamber, the House of Lords, means the bill is going to enter the final stages before it is put […]

Hong Kong Monetary Authority to Prepare for Retail CBDC

Hong Kong Monetary Authority to Prepare for Retail CBDC

Source: Coindesk The Hong Kong Monetary Authority (HKMA) has said it will start laying the foundation to implement a retail central bank digital currency in a report published on Friday. Although it had been looking into the development of a digital version of the Hong Kong dollar – dubbed “e-HKD” –since at least 2017, a recent study […]

Bank of England Targets 30-Strong Team for Digital Currency: Report

Bank of England Targets 30-Strong Team for Digital Currency: Report

Source: Coindesk The Bank of England is looking to build a team of as many as 30 people to develop a central bank digital currency (CBDC), the Sunday Times reported, without saying where it got the figure. In February, the U.K.’s central bank and finance ministry said they were starting further research and development on a digital version […]

ANZ Bank Completes Carbon Credits Trading as Part of Australia’s CBDC Pilot

ANZ Bank Completes Carbon Credits Trading as Part of Australia's CBDC Pilot

Source: Coindesk Australia and New Zealand Banking Group Limited (ANZ) has completed the first use-case of carbon credit trading as part of Australia’s central bank digital currency (CBDC) pilot, the Melbourne headquartered bank announced on Wednesday. Australia’s CBDC pilot, run by the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC), began last year to […]

Former CFTC Chair Giancarlo: A Privacy-Protecting U.S. CBDC Could ‘Take Over the World’

Commodity Futures Trading Commission (CFTC)

Source: Coindesk A U.S. central bank digital currency (CBDC) that protects privacy and is free of surveillance tools could set a global standard and reach mass adoption, said former Commodity Futures Trading Commission (CFTC) Chairman Christopher J. Giancarlo. “That [U.S.] digital dollar would take over the world,” Giancarlo, co-founder of the Digital Dollar Project and […]

UAE Unveils CBDC Strategy, First Phase to Be Completed by Mid-2024

UAE Unveils CBDC Strategy, First Phase to Be Completed by Mid-2024

Source: Coindesk The United Arab Emirates expects to complete the first phase of its central bank digital currency strategy around mid-2024, its central bank announced on Thursday. This includes proof-of-concept work for a wholesale and retail CBDC. The Central Bank of UAE (CBUAE) also revealed an engagement with G42 Cloud, a cloud platform from the region, and New […]

Australia’s Central Bank Taps Mastercard and Others to Test CBDC Use Cases

Australia’s Central Bank Taps Mastercard and Others to Test CBDC Use Cases

Source: Coindesk The Reserve Bank of Australia has revealed a set of projects that will develop use cases for a digital dollar, the eAUD, during its testing phase, currently underway. The projects will look at use cases ranging from offline payments to bond settlement to securities trading, among others, the Australian central bank announced on Thursday morning […]

Nigeria’s Central Bank in Talks With Blockchain Platform R3 for CBDC Revamp: Bloomberg

Nigeria's Central Bank in Talks With Blockchain Platform R3 for CBDC Revamp: Bloomberg

Source: Coindesk The Central Bank of Nigeria (CBN) is looking to develop a new system for its digital currency, the eNaira, and is in early-stage talks with New York-based blockchain firm R3, Bloomberg reported on Tuesday, citing people familiar with the matter. The CBN wants to “develop its own software for the digital currency so that it […]

Bank of Russia to Pilot CBDC in April

Bank of Russia to Pilot CBDC in April

Source: Coindesk The Bank of Russia’s central bank digital currency (CBDC), the digital ruble, is ready for its pilot phase, said the bank’s deputy governor, Olga Skorobogatova, on Friday. The project will be launched for peer-to-peer transfers between individuals and for retail purchases, Skorobogatova told journalists during a fintech conference in Russia. “The pilot will […]

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