Business

Sweden central bank concludes first phase digital currency trials
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12 April, 2021

Sweden central bank concludes first phase digital currency trials

The main obstacle encountered during the trial was scalability, which it identified as a potential bottleneck to adoption, according to...
Digital yuan pilot moves to southern Hainan province
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12 April, 2021

Digital yuan pilot moves to southern Hainan province

In its latest test, the PBoC has partnered with the Industrial and Commercial Bank of China’s Haikou branch and the...
Digital ruble highest form of money, Russia says
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11 April, 2021

Digital ruble highest form of money, Russia says

Russia’s central bank may roll out digital ruble early 2022. The project is focused on replacing other digital currencies in...
Man loses BTC worth $1M to fake Trezor app
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11 April, 2021

Man loses BTC worth $1M to fake Trezor app

An iPhone user lost BTC worth $1M after downloading an iOS app called Trezor. Hoping to save his business during...
Jamaica, Ireland firm partner to test CBDC project in 2021
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10 April, 2021

Jamaica, Ireland firm partner to test CBDC project in 2021

After the Bahamas, Jamaica would pilot test central bank digital currency. Roll-out expected in early 2022.
Dubai financial regulator suggests security token regulation
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10 April, 2021

Dubai financial regulator suggests security token regulation

Dubai proposes a framework to regulate security tokens and curb money laundering, as part of a bid to promote the...
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