Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use Cases

[ad_1] The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the... Read more »

United Texas Bank Faces Regulatory Action for AML Failures Linked to ‘Virtual Currency Customers’

[ad_1] United Texas Bank has been issued a cease and desist order by the U.S. Federal Reserve and the Texas Department of Banking due to significant compliance deficiencies. The bank must take... Read more »

Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada

[ad_1] Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive... Read more »

Russia Considers Allowing Digital Currency Trading on the Country’s Largest Exchanges

[ad_1] The Russian Ministry of Finance has proposed permitting digital currency trading for a select group of qualified investors on licensed exchanges like the Moscow Exchange and St. Petersburg Exchange. Anatoly Aksakov,... Read more »

Bitcoin is part of Milei’s vision for free currency market in Argentina

[ad_1] The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to... Read more »

India’s Digital Rupee Expands: Non-Banks to Offer Central Bank Digital Currency Wallets

[ad_1] India’s central bank has announced that it will enable non-bank payment system operators to offer central bank digital currency (CBDC) wallets. Noting that “necessary changes will be made to the system... Read more »

FTSE 100’s illusion of growth unmasked by currency and inflation adjustments

[ad_1] Quick Take When assessing the performance of assets or currencies, it is essential to consider both nominal and real returns, the latter of which accounts for inflation. Inflation can be gauged... Read more »

UN Report: Crypto Crime Provided North Korea up to Half of Its Foreign Currency Income

[ad_1] A report issued by a United Nations panel of experts has concluded that cyber crypto heists have provided 50% of the foreign currency income for North Korea since 2017. The report... Read more »