National Bank of Ukraine releases draft concept for digital hryvnia
The National Bank of Ukraine presented to representatives of banks, non-banking financial institutions, and the virtual assets market for discussion of the project of the concept of e-hryvnia. The National Bank of Ukraine (NBU) has unveiled a concept for its prospective digital hryvnia (e-hryvnia) central bank digital currency (CBDC). On November 28, the central bank […]
U.S Sen. Elizabeth Warren says crypto will ruin economy
Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX to crypto ruining the entire economy, did not go unnoticed by the online crypto community. Since the situation started to fall apart days before it filed for bankruptcy on November 11, the collapse of former crypto exchange FTX has left the entire sector in […]
Singapore’s Central Bank Set To Explore Digital Currency
Even though MAS is getting ready to test digital currency , it said that the case for a central bank digital currency (CBDC) for retail is “not compelling for now.” Analysts say that many Singaporean investors may not be interested in retail CBDCs. Instead, they may want to buy cryptocurrencies. Singapore’s central bank said on […]
Central Banks Claim Success With Digital Currency Pilot
According to the central banks involved, a project to test a central bank digital currency (CBDC) in four places in Asia and the Middle East has shown that they can speed up and improve cross-border payments. Project mBridge was a pilot program that included commercial and central banks from China, Hong Kong, Thailand, and the […]
Philippines central bank moves for a Crypto ‘enabling environment’
Despite acknowledging that cryptocurrencies have the potential to enhance domestic and international payments, the Philippines central bank continues to oppose the use of cryptocurrencies as legal money. The Philippines central bank is looking for ways to better safeguard investors amid the country’s growing cryptocurrency usage by raising local crypto understanding. According to a BSP spokesman, […]