CBDC

India and UAE have signed a Memorandum of Understanding (MoU) to collaborate on developing digital currencies. What Happened: The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) signed the MoU in Abu Dhabi on Monday. The MoU focuses on exploring various emerging...

South Dakota Gov. Kristi Noem has vetoed House Bill 1193, which aimed to exclude digital assets, such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), from the definition of "money" in the state's Uniform Commercial Code. The bill had previously passed in the state Senate and...

Key industry leaders have come up in arms against the International Monetary Fund’s (IMF) statement that cryptocurrencies in general should not be granted legal tender status, saying central banks the world over are losing their grips on world finance. Leaders say a blanket ban...

Peter Schiff took to Twitter to suggest that the private sector should harness the power of blockchain technology to tokenize the ownership of gold and silver. What Happened: Schiff was responding to a post by a Twitter user ‘Wall Street Silver’ who shared a video showing a girl in...

Major international banks are teaming up with the New York Federal Reserve for a 12-week digital dollar pilot that will attempt to quantify the impact of digital dollar tokens and how their presence in a common database can help speed up payments. Along with payments major Mastercard (NYSE: MA),...

Binance CEO and co-founder Changpeng "CZ" Zhao said on Wednesday he was prepared to join Twitter's board of directors as a favor to Tesla Inc (NASDAQ: TSLA) CEO Elon Musk, though he was already very busy with his cryptocurrency exchange. “I’m...

Benzinga is cordially inviting new British Prime Minister Rishi Sunak to its Future of Crypto event on Dec. 7 in New York City. Founded in 2009 by CEO Jason Raznick, Detroit-based Benzinga is one of the largest content providers to global brokerages and media houses. A leader in the cannabis...

The Harare Institute of Technology in Zimbabwe is developing a central bank digital currency (CBDC), according to the institute’s Vice Chancellor Quinton Kanhukamwe. Kanhukamwe stated the proposed CBDC would aid in the eradication of issues such as currency manipulation, cash...

Stepping up his criticism of decentralized finance (DeFi), Federal Reserve Chair Jerome Powell said on Tuesday the global normalization of monetary policy had "revealed significant structural issues in the DeFi ecosystem" and exposed "conflict of interest"...

Cryptocurrency exchange Binance announced on Thursday the creation of its new Global Advisory Board, a strategic group of professionals who will counsel it on the regulatory, political and societal challenges the sector is facing. Britain’s former Minister of State for...

Russia's Central Bank announced that it has already conducted the first tests of its central bank digital currency (CBDC), often referred to as the "digital ruble." What Happened: Bank of Russia announced on Tuesday that it officially launched the trial of its CBDC,...

In the light of the recent CBDC-related events such as the potential creation of a Ripple-based climate-friendly stablecoin in Palau and the proposal to ban cryptocurrencies in India supposedly in support of its CBDC, central bank digital currencies have become a hot topic in the crypto space...

By now it is clear that blockchain technology is here to stay. Some countries are more lenient towards it while others have stricter regulations (cue China). The blockchain market is set to experience substantial growth in the coming years and is estimated to expand to $69.04 billion by 2027 at a...