EU Central Bank Chief Vows to Insulate Eurozone From Crypto Assets Volatility
The EU Central Bank (ECB) head, Christine Lagarde, admitted to warning the immediate relatives from crypto bets that turned catastrophic losses. She confessed her anti-crypto...
South Korea Plans to Test CBDC Project in 2024
According to a recent report from Atlantic Council around 130 nations around the world are currently working on CBDC projects. South Korea is among the...
Mastercard Integrates AI Tool to Tackle Crypto Crimes
Mastercard has recently declared that the firm is incorporating a new AI tool as a way to detect and stop fraudulent activities taking place via...
Singapore to Launch Live CBDC Trial for Wholesale Interbank Settlements
Singapore has continued to introduce new cryptocurrency-related regulations. The state has recently announced the pilot phase for Central Bank Digital Currencies (CBDCs). The CBDC project...
BIS General Manager Agustin Carstens Advocates CBDCs as Central to Innovation
In his role as General Manager of the Bank for International Settlements (BIS), Agustin Carstens placed a significant amount of emphasis on the fundamental significance...
Georgia National Bank Partners with Ripple for CBDC Issuance
Ripple has been working with various Central Banks and other financial enterprises to offer CBDC processing services. On this account, Ripple has recently signed a...
Turkey Plans to Introduce Cryptocurrency Legislative Guidelines in 2024
At present, the position for cryptocurrency entities operating in Turkey is less than favorable amidst economic constraints. Last year, the country saw the catastrophic demise...
Citi Rolls Out Token Service for Institutional Clients
Citigroup has introduced a unique type of financial service for its commercial clients. The firm has introduced tokenized deposits to enable instant transfers and transactions....
Rep. Tom Emmer Reintroduces Privacy Bill to Stop Issuance of CBDC
Representative Tom Emmer recently brought up some concerns about the revocation of financial privacy from the Biden administration. He was referring to the introduction of...
17% Russians Willing to Store an Excess of $200 in Central Bank Digital Currency (CBDC)
The most prevalent deterrents mentioned entail inadequate data concerning the technology (22%) and concerns regarding system failures and cybertheft (21%). A recent survey by the...