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