BIS shines light on offline CBDC payments in new handbook
The Bank for International Settlements "Project Polaris" outlined the benefits of offline CBDCs for countries gearing to launch digital iterations of their local currencies.
The Bank for International Settlements "Project Polaris" outlined the benefits of offline CBDCs for countries gearing to launch digital iterations of their local currencies.
LG is taking smart TV to the next level with its recent patent application that would allow users to access an NFT marketplace using the television and make purchases using digital wallets.
Daniel Shin assembles over 30 lawyers as he prepares to stand trial on May 26, attempting to quash charges linked to the Terra collapse that were brought against him by the South Korean court.
The director of the new National Blockchain Technology Innovation Center remarked that the institute would equip up to 500,000 specialists in DLT to improve China’s tech space.
Terraform Lab's Do Kwon and Han Chang-joon would be subjected to house arrest under police supervision on a €400,000 (approximately $436,000) bail each.
Hungary is following other countries in launching a CBDC, but its central bank says it is in no rush to set the program in motion, citing the lack of motivation from banking regulators.
The $176 million assets linked to Do Kwon that were seized by South Korean authorities include a posh office complex, a car fleet, and a Galleria Foret apartment in the capital Seoul.
Despite being seen as having a "friendly" stance toward VASPs, Hong Kong reiterates it would push for stringent but "reasonable" rules to ensure the safe growth of the industry.
The Moroccan trial court handed down an 18-month prison sentence on 21-year-old French citizen Thomas Clausi and a steep fine of 3.4 million EUR ($3.7 million).
The regulator conducted a joint operation with United Kingdom’s local police departments in Exeter, Nottingham, and Sheffield, where it uncovered several ATMs operating without licenses.
Hong Kong’s Securities and Futures Commission granted OSLASM the license in early May, giving the green light to the firm to carry out Types 1, 4, and 9 regulated activities in the region.
India's Finance Minister Nirmala Sitharaman clarified that despite the country's tough stance on digital currency, the government would continue to back blockchain technology for other use cases.