Business

India in ‘no hurry’ for CBDC development despite notching huge milestones
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12 February, 2023

India in ‘no hurry’ for CBDC development despite notching huge milestones

India’s digital rupee pilot already had over 50,000 users and 5,000 merchants, but despite the impressive numbers, the Reserve Bank...
BIS developing new tool to monitor stablecoin balance sheets
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12 February, 2023

BIS developing new tool to monitor stablecoin balance sheets

Under Project Pyxtrial, the Bank for International Settlements is developing a tool for central banks to monitor stablecoins in a...
Fujitsu sets up Web 3.0 acceleration platform for startups and enterprises
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12 February, 2023

Fujitsu sets up Web 3.0 acceleration platform for startups and enterprises

Fujitsu Web3 Acceleration Platform aims to create a "rich ecosystem" that will allow startups and other entities to develop blockchain-based...
Russia’s Gazprombank suggests slowing down digital ruble launch fearing losses for commercial banks
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12 February, 2023

Russia’s Gazprombank suggests slowing down digital ruble launch fearing losses for commercial banks

The digital ruble has received heightened attention as the government intends to use it to circumvent economic sanctions imposed on...
Digital pound likely this decade, but don’t call it ‘Britcoin’
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11 February, 2023

Digital pound likely this decade, but don’t call it ‘Britcoin’

The U.K. Treasury and the central bank say that the digital pound would give the country a new digital payments...
Metaverse gets a boost in Saudi Arabia with The Sandbox partnership
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11 February, 2023

Metaverse gets a boost in Saudi Arabia with The Sandbox partnership

The memorandum of agreement was signed at the Leap Tech Conference 2023 in Riyadh between The Sandbox metaverse firm and...
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