Singapore Central Bank to Start ‘Live’ Wholesale CBDC Trials
The trials are part of a broader initiative to set up infrastructure for digital money transfers, including tokenization of banking assets.
‘Cryptocurrencies Have Failed the Test of Digital Money,’ MAS’ Managing Director Says
Ravi Menon, the Managing Director of the Monetary Authority of Singapore, said crypto has performed poorly as a medium of exchange or store of value.
CBDCs Good for Payments, Even With Competition: IMF
The International Monetary Fund's planned CBDC handbook offers guidance for policymakers on how to explore digital versions of sovereign currencies.
Kazakhstan Central Bank Marks Digital Tenge Pilot With First Retail Payment
The National Bank of Kazakhstan plans to implement a digital tenge by the end of 2025.
U.S. CBDC Is Unlikely in the Near Term: Bank of America
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
CBDCs Are ‘Central’ to Innovating Financial Systems, BIS Chief Says
Central banks will have a limited role to play relative to the private sector in CBDC issuance, BIS general manager Agustín Carstens said.
Coinbase Blocked in Kazakhstan for Breaking New Digital Assets Law: Report
Issuance, circulation, and offering trading of "unsecured digital assets" is prohibited outside the country's financial center under laws that came into effect earlier this year.
Euroclear Unveils RWA Tokenization Service With World Bank’s 100M Euros Digital Bond Issuance
The digital bond was issued on R3's Corda blockchain, while küresel bank Citi and investment manager TD Securities assisted in the issuance.
Archax to Launch Regulated Exchange for Tokenized Assets This Year
The company also said it tokenized an abrdn market fund in euros, pounds and dollars and has a pipeline of several hundred million dollars to be held in the...
Bitcoin Mining Stocks Rally as BTC Holds Above $30K Despite Looming Halving Concerns
The reward for mining new BTC will be cut in half soon, making it hard for less-efficient operators to survive.