India to Expand CBDC Pilot to More Locations
The Reserve Bank of India (RBI) stated that it is expanding its ongoing pilot of the Central Bank Digital Currency (CBDC) to more locations and financial institutions so as o add more use cases and features to the digital currency. RBI stated in its annual report that the CBDC was introduced in phases throughout the […]
Federal Prosecutors Urge Court To Proceed With Charges Against SBF
U.S. Federal prosecutors in the Sam Bankman-Fried (SBF) have urged the court to proceed with all charges against the former FTX founder, stating that the FTX founder’s arguments to dismiss criminal charges are without merit. In a nearly 100-page filing, prosecutors stated that these motions presented by SBF’s attorneys are without merit. “The charges parallel […]
South Korea To Implement System That Freezes Funds On Top Crypto Exchanges
The National Police Agency of South Korea will meet with Binance and the top five cryptocurrency exchanges in South Korea to discuss plans to implement a system with real-time wallet address monitoring and freeze funds capabilities. Local news outlets reported that the National Police Agency would hold a virtual asset exchange working meeting with Binance […]