Central banks explore asset tokenization on BIS unified ledger
The Bank for International Settlements’ Project Agorá is a collaborative effort by seven central banks to create a platform for cross-border CBDC payments and tokenized money transfers.
The Bank for International Settlements’ Project Agorá is a collaborative effort by seven central banks to create a platform for cross-border CBDC payments and tokenized money transfers.
Digital asset exchanges in India strive to improve users' trading experience while complying with regulations, as the nation's economic projections for emerging technologies lure investors.
Anton and James Peraire-Bueno could face up to 20 years in prison if proven guilty of netting $25M worth of tokens using MEV-Boost, a move that they have allegedly planned since December 2022.
The HKMA chief executive says the central bank is still determining whether there is a real need for a retail CBDC, adding that existing systems in Hong Kong are efficient.
It was the U.S. dollar and South African rand, and then Zimbabwe switched to a USD-backed bond note, then the Zim dollar, and now, it’s ZiG, as woes continue.
The Dutch Central Bank President Klaas Knot says digital euro needs “to keep up with society. To pursue strategic autonomy. And to maintain access to public money in a digital world."
Successful applicants of the U.K.’s Digital Securities Sandbox will be able to provide securities depository and settlement services and operate a trading venue under the modified regulations.
The Hong Kong Monetary Authority has promised to issue the new guidelines in the coming weeks but clarified that they will not be binding laws for users and will not be exhaustive.
The Public Security Bureau in Chengdu, China, recently announced the disruption of a “huge underground bank” that used Tether’s USDT token as “a medium to provide illegal services to customers.”
The International Monetary Fund has recommended that Nigeria impose registration or licensing requirements on global digital asset trading platforms, following its 2024 Article IV consultation with Nigeria.
Tether claimed to have generated a profit of over $4.5 billion in the first three months of 2024, but while its gains seemed rosy, the USDT issuer still couldn't get a break from its alleged criminal ties.
India's Prime Minister Narendra Modi also stressed the need for Reserve Bank of India to chart a path for the future trajectory of the Indian banking system to support the country's growth aspirations.