Bank of Thailand launches retail CBDC pilot project
The Bank of Thailand has announced the start of a pilot project to test a retail Central Bank Digital Currency (CBDC) in a regulatory sandbox. The project will commence this month and will continue until August 2023. It aims to involve up to 10,000 customers and provide insights into the deployment and viability of a […]
Sygnum Singapore Gets MPIL Approved by MAS
The Monetary Authority of Singapore (MAS) has approved Sygnum Singapore’s application for a Major Payment Institution License (MPIL). This license allows the bank to offer regulated cryptocurrency brokerage services to its customers. Sygnum, the Southeast Asian branch of Switzerland’s crypto-friendly Sygnum bank, plans to expand its digital asset services in Singapore. The expansion comes after […]
Crypto Yield Platform Haru Invest Pauses Withdrawals, Deposits
South Korean yield platform, Haru Invest, announced on June 13 that they would immediately halt deposits and withdrawals. The company made this decision due to suspicions of false information provided by a consignment operator during an internal inspection process. The company sincerely apologized to its investors and customers for causing concerns with this announcement. After […]
Polygon Labs Announces Polygon 2.0 Launch
Polygon Labs has announced the upcoming release of Polygon 2.0, which they describe as a blueprint for constructing the “value layer of the internet.” They claim that Polygon 2.0 will provide limitless scalability and unified liquidity to the Ethereum ecosystem, allowing anyone to produce, exchange, and program value. Polygon launching Polygon 2.0 Polygon, a layer-2 […]
Novatti Expands its AUDD Stablecoin to XRP Ledger
Novatti Group Limited, a leading Australian payments fintech company, has announced that they have added their stablecoin, AUDD, to the XRP Ledger. This move comes after AUDD was introduced on the Stellar blockchain in November 2022. By integrating AUDD with the XRP Ledger, users can now exchange AUDD for Australian dollars (AUD) at a 1:1 […]