Ripple works with Colombia’s central bank for CBDC development
In partnership with Banco de la República, Colombia’s central bank, Ripple is exploring potential blockchain technology applications in the financial industry. Despite facing a two-year legal dispute with the U.S. Securities and Exchange Commission (SEC), Ripple has continued to develop its network. The SEC considers Ripple’s native coin, XRP, to be a security. However, the […]
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 […]
FATF Criticizes Qatar for Not Regulating Crypto Companies
The Financial Action Task Force (FATF) has slammed the Qatar Central Bank (QCB) for failing to implement its regulations prohibiting virtual asset service providers in the country. In a report published on 31 May, the global money-laundering and terrorism financing watchdog highlighted Qatar’s need to enhance its capacity to combat evolving forms of criminality, including […]
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 […]
Ripple to Showcase Tokenization Solution at HKMA e-HKD Pilot Program
Ripple is set to demonstrate and showcase a real estate asset tokenization solution at the Hong Kong Monetary Authority’s (HKMA’s) digital Hong Kong dollar (e-HKD) central bank digital currency (CBDC) pilot program. Ripple will collaborate with Fubon Bank of Taiwan and others to demonstrate equity release with tokenized assets using the retail variant of the […]