Australia records first FX transaction with CBDCs as trial gathers steam
Blockchain infrastructure provider Canvas broke the news on May 17, noting that two digital asset fund managers, DigitalX and TAF Capital, broke down the transaction.
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The dollar dominance
Dollar dominance may be a considerable factor for the U.S. in retaining its global power, but not in the long run, as it contributes to the gradual weakening of the American industrial strength.
Binance’s wings clipped by Signature Bank, insider trading
Binance issued a statement explaining that Signature Bank advised that they will no longer "process SWIFT fiat (USD) transactions for individuals of less than 100,000 USD as of February 1st, 2023."
Bank of Canada pushes for firmer stablecoin regulation
The global stablecoin market capitalization currently stands at an impressive 161 billion, and the researchers from the Bank of Canada pointed out the potential pitfalls.
Can Muslim crypto fight US economic dominance? Iran thinks so
The President of Iran has called on Muslim nations to develop a cryptocurrency that could help them avoid using the USD, reducing the U.S economic dominance.