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The HKMA chief executive says the central bank is still determining whether there is a real need for a retail CBDC, adding that existing systems in Hong Kong are efficient.
PayPal has withdrawn its protection for NFTs exceeding $10,000; those under $10,000 will be covered unless the buyer claims it’s an unauthorized transaction.
Adobe is banking on the expertise of artists and photographers in developing an AI text-to-video generator, paying 6 cents up to $7 for every photo and video submitted to the firm for the project.
IOSCO has revised its annual work plan to include a renewed focus on tokenization while also monitoring the implementation of its digital currency recommendations.