Wei Zhou, CEO of Coins.ph, expressed the transformative potential of the PHPC, stating that it "will empower Filipinos to transact seamlessly and securely in the digital economy."
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.
The Tokyo Metropolitan Government has updated its subsidy program for businesses issuing securities using blockchain, aiming to show how the technology allows issuers and investors to connect directly.
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.
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.
The prospective CBDC, called the digital ouguiya, will “advance the digital transformation” and boost financial inclusion in Mauritania, the central bank says.
PSAC presented a strategic proposal to President Ferdinand Marcos Jr. that aims to enhance internet connectivity in the Philippines and create one million digital jobs.
Under the IRS' latest tax rule, anyone considered a digital asset broker must prepare Form 1099-DA for customers who sell or exchange digital assets to ensure all gains and losses are being reported.
Member of Parliament Lisa Cameron chaired the debate and started proceedings by arguing that the U.K. needs to "level up" if it wants to be a superpower across emerging digital technologies.
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.
The Financial Sector Conduct Authority announced in 2023 that all VASPs had to obtain a license or shut down by the end of the year.
