New York State Financial Services to be led by CBDC Project exec
Adrienne Harris, an ex-Fed employee and a CBDC project leader, was confirmed by the New York State Senate on Tuesday to lead the Wall Street regulator. Is There a Wider Crypto Adoption? Harris will be the Superintendent of the New York State Department of Financial Services (NYDFS), the state’s leading financial regulator. Her presence would […]
Bank of Jamaica successfully completes CBDC Pilot Project
As reported by Jamaica Information Service, the Bank of Jamaica has successfully completed the CBDC pilot project which began in March 2021. The Bank of Jamaica stated in March 2021 that it was developing a prototype central bank digital currency in its Fintech Regulatory Sandbox with vendor eCurrency Mint Inc. This was followed by the […]
Ukrainian bank Tascombank uses Stellar to test electronic hryvnia
One of Ukraine’s oldest commercial banks, Tascombank, has initiated a trial initiative to issue an electronic hryvnia on Stellar. The project is being carried out with the support of the Ministry of Digital Transformation and under the supervision of the National Bank of Ukraine . Oleksandr Bornyakov, Ukraine’s Deputy Minister of Digital Transformation, stated, “This […]
Japan’s Financial regulator to propose restriction of stablecoins
According to Nikkei Asia, Japan is considering new regulations that will enable only banks and wire transfer firms to create stablecoins. The Financial Services Agency (FSA), Japan’s primary financial regulator, is apparently considering legislation that would limit stablecoin supply to banks and wire transfer providers. Crypto service providers engaging in stablecoin transactions, such as wallets, […]
US Treasury Secretary calls for broad consensus on digital dollar
Janet Yellen, the US Treasury Secretary, has expressed her views on the possibilities of a digital dollar, although she is cautious to draw any conclusions at this time. Yellen said on Thursday that she had not developed an opinion on whether the Federal Reserve should construct a digital version of the dollar, but that such […]