Myanmar’s shadow government, the National Unity Government (NUG), led by the supporters of jailed leader Aung San Suu Kyi, has declared United States dollar-based stablecoin Tether as an official currency …
MoreTag: Digital currency
One tenth of Russians ready to get salaries in digital ruble
Amid the Bank of Russia continuing progressing with its central bank digital currency (CBDC) development, one survey suggested that not many Russians are ready to accept salary payments in the …
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Ukraine starts treating its Central Bank Digital Currency as Cash
Ukraine has passed a new law that would put its central bank digital currency (CBDC) on the same level as other payment instruments in the country. The CBDC is yet …
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Palestine is looking to launch central bank digital currency
Following Israel’s recent tests of a digital shekel, the Palestinian Monetary Authority is looking to launch its own central bank digital currency, according to a Bloomberg report. Bound by 1990s accords with Israel, Palestine …
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Indonesia is planning to issue a central bank digital currency
Bank Indonesia, the central bank of Indonesia, is planning to issue a digital currency to speed up payments. The central bank is currently assessing which technology to use for its …
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Central Bank of South Korea begins development of pilot digital currency
South Korea’s central bank on Monday said it will choose a technology supplier to build a pilot platform for a digital currency, moving a step closer to creating a central …
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China Aims To Allow Foreigners To Use Digital Yuan At 2022 Winter Olympics
China’s central bank is looking to enable foreign athletes and visitors to use the country’s digital currency during the Beijing Winter Olympics in 2022, according to a top central bank …
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China to write blockchain and digital currency into nation’s future
For the first time, the words blockchain and digital currency have been officially written into China’s blueprint for the next half-decade. The National People’s Congress published the 14th five-year plan …
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Hong Kong Explores CBDC Retail Opportunities In Upcoming Aurum Project
Hong Kong is exploring a general-purpose central bank digital currency (CBDC) to be distributed through commercial banks and payment service providers, said Howard Lee, deputy chief executive of the Hong …
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Boston Fed and Massachusetts Institute of Technology To Release Digital Dollar Prototypes In July
Researchers at the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) will unveil prototype central bank digital currency systems as early as July, according to a new …
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