Four leading fintech apps were directed to halt onboarding recently, and with the National Security Agency classifying digital currency as a national security issue, a ban is imminent.
After launching digitally a month ago, the physical versions of the ZiG gold-backed currency have debuted, but many businesses are still rejecting it.
Apart from piloting India's CBDC in commercial papers and certificates of deposits, the Reserve Bank of India is also looking to make e-rupee transferable offline, bringing it to par with cash.
A digital shekel will force commercial lenders to up their game and offer better and cheaper services, according to the deputy governor of the Bank of Israel.
While blockchain provides the utmost security, there are still some risks to look out for, including pseudonymous validators, which the HKMA said can be addressed by ZKPs and Overlay Networks.
German central banker Dr. Joachim Nagel says the digital euro won't likely be live before 2028-2029 as Europe continues to iron out roadblocks that prevent the CBDC from being fully established.
South Africa is marching toward Vision 2025 payments digitalization, with the central bank identifying stablecoins and a retail CBDC as some of the pillars.
Last November, CZ and Binance reached a $4.3 billion settlement with the DoJ based on the exchange’s blatant violations of U.S. law that enabled money laundering, sanctions evasion and terrorist financing to a degree unmatched by other digital asset exchanges.
Roger Ver’s arrest by U.S. authorities on tax evasion charges could signal a turning point in the digital asset sector’s history as ‘crypto’ crooks turn on each other to save their own skins.
The prospective CBDC, called the digital ouguiya, will “advance the digital transformation” and boost financial inclusion in Mauritania, the central bank says.
CEO Noel Quinn says he’s “very comfortable with tokenization” and pledged to keep expanding HSBC’s offerings, which include tokenized gold for retail customers.
The U.S. dollar could face an enormous challenge as the BRICS alliance eyes the use of stablecoins for settlements in the wake of increasing sanctions against Russia and growing rivalry with China.
