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Business

Bongbong Marcos: Filipinnovation and digitalization at the heart of Philippines’ economic development
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25 July, 2023

Bongbong Marcos: Filipinnovation and digitalization at the heart of Philippines’ economic development

In his second State of the Nation address, the Philippines’ President Ferdinand “Bongbong” Marcos Jr. presented the concept of "Filipinnovation"...
Kuwait issues blanket ban on digital currency transactions
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25 July, 2023

Kuwait issues blanket ban on digital currency transactions

The digital currency transaction ban is the government’s latest attempt to crack down on money laundering rings operating in Kuwait.
South Korea hints at future CBDC in new financial report
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25 July, 2023

South Korea hints at future CBDC in new financial report

South Korea joins the growing list of countries exploring CBDCs, with its central bank unveiling plans to study and possibly...
Metaverse association tasked to promote industry growth in China’s Zhejiang
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25 July, 2023

Metaverse association tasked to promote industry growth in China’s Zhejiang

The metaverse association kicked off operations with 91 local metaverse companies with plans to increase the size of its members...
Federal Reserve nears FedNow Service rollout but clarifies it has no links with CBDCs
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25 July, 2023

Federal Reserve nears FedNow Service rollout but clarifies it has no links with CBDCs

The Federal Reserve has yet to decide on rolling out CBDCs, stating that it will require congressional approval to launch...
Germany’s central bank explores legality of deposit tokens, pokes holes in blockchain
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24 July, 2023

Germany’s central bank explores legality of deposit tokens, pokes holes in blockchain

Deutsche Bundesbank notes that existing legislation does not provide whether or not tokenized deposits will be considered deposits in the...
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