Texas Lawmaker Says Gold-backed Coin Will Help BTC Adoption
Bitcoin adoption could be significantly increased by the state’s proposed gold-backed coin, according to a Texas lawmaker. On November 21, Cody Harris, a Republican Party member of the Texas State House of Representatives, discussed the creation of a gold-backed coin in Texas at the North American Blockchain Summit. During a fireside conversation with David Duong […]
South Korea Launches CBDC Pilot with Seven Local Banks
Seven South Korean financial lenders have been permitted to participate in a pilot project that will test digital financial services based on CBDCs. Seven domestic banks have been given permission by the Financial Services Commission of South Korea to take part in a pilot program that will test digital financial services based on deposit tokens […]
Kazakhstan CBDC Pilot Cuts VAT Refund Wait Times
The National Bank’s latest initiative demonstrates the benefits of programmable central bank digital currency. Kazakhstan has introduced a new pilot project for its central bank digital currency (CBDC) to demonstrate its programmability potential. Collaborating with the Ministry of Finance, the National Bank of Kazakhstan (NBK) showcased how the digital tenge can streamline value-added tax (VAT) […]
HKMA Project Ensemble Teams Up with Brazil, Thailand
The HKMA is advancing tokenization through Project Ensemble with Brazil’s Drex pilot and Thailand’s Project San. In order to demonstrate its commitment to tokenization, the Hong Kong Monetary Authority (HKMA) has been actively networking its Project Ensemble, which has resulted in the formation of new partnerships. In addition to the Drex pilot project of the […]
Norway Central Bank to Decide on Digital currency Recommendation
According to Deputy Central Bank Governor Pal Longva, Norway’s central bank, Norges Bank, will decide whether or not to launch a digital currency the following year. Pal Longva, the deputy central bank governor of Norway, stated in an interview with Bloomberg on October 22 that the bank is on schedule to complete a recommendation for […]