Finance

CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF
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25 June, 2024

CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF

IMF says Middle Eastern and Central Asian countries can significantly benefit from CBDCs but urges caution as they come with...
Italy to increase oversight of digital asset market
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25 June, 2024

Italy to increase oversight of digital asset market

The policy, moving Italy further towards the standards laid out by MiCA, also designates Italy's central bank and market watchdog,...
National Australia Bank kills off stablecoin project
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25 June, 2024

National Australia Bank kills off stablecoin project

NAB started work on the AUDN stablecoin in 2022 and thought clients would use it to settle cross-border transactions, but...
DLT importance shoots up in 2024, but public blockchains’ market share dips: report
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25 June, 2024

DLT importance shoots up in 2024, but public blockchains’ market share dips: report

The report by ISSA revealed that the strategic importance of distributed ledger technology has increased by 9% in 2024, with...
Iran launches retail CBDC pilot on Kish Island ‘free zone’
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24 June, 2024

Iran launches retail CBDC pilot on Kish Island ‘free zone’

The CBDC trial will take place on the island of Kish, where the ‘digital rial’ will be available to banking...
Turkey eyes 0.03% tax on digital asset transactions: report
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24 June, 2024

Turkey eyes 0.03% tax on digital asset transactions: report

The new tax is part of a larger proposal by the Erdogan government to raise $7 billion to plug a...
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