With the exciting development in the financial sector, crypto has witnessed astonishing growth due to its decentralized nature. The growing
Category: Central Banks
Ripple Executive Anticipates Implementation of CBDC to Address Financial Inclusivity Challenges
As the number of countries embarking on the Central Bank digital currency (CBDC) pilot trial increases, key industrial players have
Binance Teams Up with MUBT to Support Issuance of Stablecoins in Japan
In an advanced report, Binance Japan announced plans to partner with Mitsubishi UFJ Trust and Banking Corporation (MUTB) to onboard
Chinese Hangzhou City Rolls Out Blockchain-Powered Data Exchange
Despite the regulation restriction on digital assets imposed by the Chinese authority, the Asian country has demonstrated massive interest in
BIS Says Crypto Assets Increases Financial Risks on Emerging Markets
In a recent publication, the Bank for International Settlements (BIS) stated that as the adoption of crypto assets continues to
New Zealand Parliament Recommends Regulators to Ease Restrictions on Crypto Assets
A report issued by the New Zealand parliament reveals that the regulators should not be in haste to formulate policies
Nigeria to Leverage Blockchain Technology in Issuing of NYSC Certificates
As Nigeria continues to lead other African countries in crypto adoption, the authority is exploring ways to increase the adoption
Omanis Regulators Seeks Public Comment on Virtual Asset Regulatory Framework
In a recent report, the financial regulators in Oman published the “consultation paper for virtual assets regulatory framework.” The report
South Korea Conducting CBDC Pilot Test Outside its Capital City
The Bank of Korea announced on July 31 plans to conduct a central bank digital currency (CBDC) in three towns.
Hong Kong Join Forces with Saudi Arabia to Promote Financial Innovation
On July 26, the Hong Kong Monetary Authority (HKMA) signed a memorandum of understanding with the Saudi Central Bank (SAMA)