On July 26, the Hong Kong Monetary Authority (HKMA) signed a memorandum of understanding with the Saudi Central Bank (SAMA)
Category: Central Banks
Korean Banks Explores Certificate of Deposit Token as CBDC and Stablecoin Alternative
In a recent update, private commercial banks in South Korea have teamed up to tokenize the depository services. The research
Nigerian Central Bank Introduces NFC Technology on CBDC for Convenient Payments
A news briefing featured on a media outlet, “The Sun,” revealed the central bank of Nigeria (CBN) has integrated the
Nigerian Stakeholders Considers Crypto tax as ‘Premature’
On May 28, Nigerian President Muhammadu Buhari green-lighted the Finance Act 2023, aiming to increase revenue streams, maintain fiscal transparency,
Namibian Regulators Green Lights Crypto and Digital Assets Bill
In an official publication issued by the lower house of the Namibian parliament, the policymakers granted their final nod on
Chinese Jinan City Accepting CBDC Payments for Bus Rides
In an advanced announcement issued by the Chinese local news site Shunwang-Jinan Daily, regulators in Jinan approved crypto payments in
Central Bank of Italy Calls for Regulatory Action to Prevent Stablecoin Runs
The Bank of Italy has recently released the “Market Infrastructure and Payment System” report for June. The Italian central bank
Bank of England Argue that ‘Britcoin’ Might Not Be on a Blockchain
As central banks across the world are conducting pilot tests for the central bank digital currency (CBDC), the Bank of
Central Bank of Brazil Collaborates with Mercado Bitcoin to Launch CBDC Pilot
A statement issued by the Central Bank of Brazil on June 22 revealed that the apex bank will work closely
Nigeria Regulators Order Suspension of Binance Operation
An official circular issued by the Nigerian Securities and Exchange Commission on June 9 revealed that Binance failed to comply