The BIS published the findings on a multi-CBDC project between central banks in Hong Kong, Thailand, China, and the UAE, showing the benefits of central bank-backed digital currency.
Lawmakers in El Salvador voted—with 62 out of 84 votes—in favor of President Nayib Bukele's proposal to create a law that will pave the way towards adopting BTC.
The Central Bank of Nigeria announced its “Naira 4 Dollar Scheme” recently, targeting diaspora remittances.
Ghana’s central bank has launched a regulatory and innovation sandbox, with a focus on projects building on blockchain technology.
Speaking at a recent event, Yemi Osinbajo rebuked the recent ban on digital currencies, advocating for Nigerian authorities to regulate the industry.
MoneyGram said it would no longer be using Ripple’s XRP remittance solution until the payments firm sorts out its legal issues with the U.S. securities regulator.
Hong Kong-based crypto remittance platform Bitspark has shut down. The company has blamed botched internal restructuring and unrest in Hong Kong for its woes.
The bank, considered to be the fifth largest in Japan, was one of the three banks that were using the Money Tap service.
Western Union might say they are staying away from digital currencies, but there was a market too sweet not to tap in the Philippines, and Coins.ph was a willing partner to bring them in.