Digital Yuan Goes Cross-Border: Hong Kong Unveils E-CNY Wallets For Local Users |

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In a significant move towards enhancing digital currency use, Hong Kong residents can now set up personal digital yuan or e-CNY wallets, as announced by the Hong Kong Monetary Authority (HKMA). This development, part of a collaboration with the People’s Bank of China (PBoC), marks a milestone in “facilitating” cross-border transactions between Hong Kong and […]

Crisis In Crypto: China’s Leading Blockchain Advocate Faces Investigation

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Yao Qian, a prominent ‘pro-blockchain official’ in China, is under investigation by Chinese authorities for undisclosed “violations of law.” The Background Of Blockchain Advocacy And The Current Crackdown Qian, known for his pivotal role in developing China’s Central Bank Digital Currency (CBDC), has been a leading voice in the country’s blockchain initiative. Qian’s efforts were […]

Donald Trump Talked Out Of CBDCs? Ex Candidate Explains

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Recently, entrepreneur Vivek Ramaswamy dropped out of the US presidential race to endorse Donald Trump’s candidature. In an interview, the former Republican candidate explained his influence on the former US President’s position against Central Bank Digital Currencies (CBDC) in the US. Vivek Ramaswamy Responsible For Donald Trump’s Stance? During an interview on Bloomberg Television, former […]

Ripple Envisions $5 Trillion Worth Of CBDCs In Major Economies By 2030, New White Paper Unveils |

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Blockchain company Ripple has recently released a comprehensive white paper shedding light on central bank digital currencies (CBDCs). The document offers an analysis of CBDCs’ potential benefits, associated risks, and hurdles to adoption. G20 Nations At The Forefront According to Ripple’s white paper, CBDC projects are gaining momentum worldwide. Currently, 130 countries, representing 98% of […]

Crypto Takes Center Stage: US Presidential Candidates Criticize Gensler, Call For Clear Regulations

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During the recent Republican Party presidential debate, a notable shift in political discourse regarding crypto emerged as US presidential candidate Vivek Ramaswamy openly criticized US Securities and Exchange Commission (SEC) Chair Gary Gensler, alongside other federal agencies, for their handling of digital currency regulation. Presidential Candidates Throws Jabs At Gensler And Current Policies Ramaswamy, addressing the […]

Singapore’s Top Banker Predicts Endgame For Private Cryptos, Hails New Era Of Digital Currencies

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Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), has recently underscored the noticeable transformation in the monetary landscape, highlighting central bank digital currencies (CBDCs), tokenized bank liabilities, and regulated stablecoins emerging as key components. Speaking at a Hong Kong Monetary Authority-Bank for International Settlements event, Menon provided insights into the future […]

100,000 Koreans To Test New Digital Won In Pilot CBDC Program

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Over the past two years, the Asian region has been racing to launch Central Bank Digital Currencies (CBDC), and the Digital Won is the latest to enter a critical stage, per a recent report. Bank of Korea Partners with Financial Authorities For Digital Currency Trial In an effort to embrace digital currency, South Korea is […]

Ripple And National Bank Of Georgia Join Forces For Digital Lari Pilot |

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In a recent development, Ripple has been selected by the National Bank of Georgia (NBG) as the official technology partner for its Digital Lari (GEL) pilot project.  The collaboration aims to explore the potential benefits and use cases of Ripple’s Central Bank Digital Currency (CBDC) platform for the public sector, businesses, and retail users.  Ripple’s […]

Rep. Tom Emmer’s Election As House Speaker Fuels Crypto Industry’s Prospects In The US |

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Rep. Tom Emmer’s election as House Speaker has emerged as a potential catalyst for support within the US legislative framework in a significant development for the crypto industry.  Known as the US Congress ‘Crypto King’ due to his deep knowledge and advocacy for the nascent industry, Emmer’s selection by the GOP as their new speaker […]

Georgia Selects Ripple Labs As Potential CBDC Partner

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In a significant announcement, the National Bank of Georgia (NBG) has shortlisted Ripple Labs alongside eight other firms as potential technology partners for its Central Bank Digital Currency (CBDC) pilot project titled “Digital GEL.” Ripple Is In The Shortlist Of Nine In an official press release dated September 28, 2023, the NBG disclosed its intent […]