Russian President Vladimir Putin Signs Law on Digital Ruble
The Bank of Russia has promised no obligatory transfer of salaries and pensions to digital rubles when they are finally in use. According to a formal government document, President Vladimir Putin signed the measure establishing the digital ruble into law on July 24, advancing Russia’s central bank digital currency (CBDC). The digital ruble law is […]
US Congressman Proposes to Ban CBDC
Central bank digital currencies (CBDCs), according to US congressman Warren Davidson, should be outlawed and criminalized. The congressman referred to the Federal Reserve’s initiatives as “building the financial equivalent of the death star” in a tweet on July 23. This suggests that he has serious reservations about the central bank receiving potential power and control […]
Worldcoin Becomes Listed on Binance, Other Crypto Exchanges
Worldcoin’s native token, WLD, already available on Huobi, OKX, and Bybit, has been announced to be listed on Binance. In a blog post published on July 24, Binance announced the WLD token’s anticipated launch and noted that spot trading for the WLD/BTC and WLD/USDT pairings will begin at 9:00 UTC. Users can begin adding the […]
Binance to Accept Voluntary Resignations
According to reports, Crypto exchange Binance is open to accepting employee resignations made voluntarily. According to Adam Cochran, a crypto influencer and analyst, the proposals allow staff to resign, sign a new non-disclosure agreement (NDA), and get a severance payout equal to three months’ pay. Binance is prepared to take voluntary departures. Although it’s unclear […]
South Korean Private Banks Research Stablecoins Alternative
Several private banks in South Korea are evaluating the viability of certificate of deposit (CDs), a tokenized deposit technology as an alternative to private stablecoins and central bank digital currencies (CBDCs). Hana Bank and Woori Bank, both private companies with headquarters in Seoul, expressed interest in so-called “certificate of deposit” tokens (CDs), as Maeli Business […]