When the license is officially approved, DBSV said its clients would be able to access digital payment token services directly through its exchange platform, DBS Digital Exchange (DDex).
Dr. Mahamudu Bawumia stated that adopting a single central payment would finally rectify the challenges that stifle cross-border trade in the region.
There’s a need for digital payments across the globe, but adopting a decentralized digital currency is a shortcut that any country must not be tempted to take, the IMF stated.
Tal Itzhak Ron, the chair of legal firm Tal Ron, Drihem & Co. revealed in an interview that the government silently amended its laws to legalize digital currencies recently.
While announcing a roadmap that seeks to strengthen the region’s fintech sector, the HKMA revealed it has been collaborating with local and global bodies in its CBDC research.
The Beijing Local Financial Supervision and Administration Bureau plans to give away 200 red envelopes to local residents, with each containing 200 digital yuan (around $31).
The job post outlines that the company is seeking someone with at least 10 years of experience in the field, of which at least five should have been served “with alternative payment providers.”
Lael Brainard, a member of the Federal Reserve Board of Governors, recently spoke about the Federal Reserve’s approach and thoughts on the blockchain and digital asset industries.
In its latest report, Fitch Ratings looked into how CBDCs could impact the global financial system, including giving governments a new way to track financial data and new financial policy options.
The Bahamas launched the Sand Dollar as it sought to insulate its financial system against the constant disruptions that occur whenever the country experiences a natural disaster.
Mobile networks Beeline and Megafon are reported to be considering supporting services for an eventual central bank digital currency.