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The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as offline payments and asset settlement. The creation of an industry forum aims to solve potential challenges while … Read more
The Hong Kong Monetary Authority is looking at a potential CBDC from a wide perspective. Go to Source
IMF staff members introduced a high-level four stage framework, emphasizing regulation, education, design, and incentives to enhance CBDC adoption. Go to Source
Two days ago, former President Donald Trump made headlines by announcing his family’s decentralized finance (defi) platform, World Liberty Financial, boldly claiming the initiative is “embracing the future with crypto.” Meanwhile, over on Polymarket, a blockchain-powered predictions platform, a new bet has emerged. People are now speculating on the chances of Trump launching a cryptocurrency … Read more
As digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems. A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa, unveils the profound impact of stablecoins on monetary dynamics worldwide. Transforming Global Finance: The Rising Influence of Stablecoins According … Read more
A new law in North Carolina seeks to ban CBDCs in the state, but there are questions about whether the new legislation is even legal. Go to Source
The North Carolina General Assembly has overridden Governor Roy Cooper’s veto to enact a bill prohibiting a central bank digital currency (CBDC) in the state. The Senate voted 27-17, securing the required supermajority. The bill bars payments using CBDC and state participation in Federal Reserve testing. This bill reflects strong opposition to CBDCs and emphasizes … Read more
The deal will see Emtech’s CBDC solutions and its regulatory and compliance sandboxes integrated into Accenture’s offerings. Go to Source
The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision follows the Russian State Duma’s July approval of a legislative package to legalize digital currencies, allowing exchange trading under the oversight of the … Read more
Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested. Full-scale implementation is expected by late 2025. According to officials, demand for the digital ruble is growing, with successful integration anticipated due to ongoing sanctions. … Read more
