Cryptocurrencies cannot become a means of payment – Bank of Thailand’s Governor
In order to reduce risks and safeguard investors, the government of Thailand is working on a new legal framework that will set to identify “red lines” for cryptocurrencies such as Bitcoin (BTC) and the crypto industry at large. In a Dec. 14 interview with The Bangkok Post, Governor Sethaput Suthiwartnarueput stated the Bank of Thailand […]
Kazakhstan is still undecided about its CBDC launch
Kazakhstan, instead of creating its own digital currency is concerned about the development of CBDCs abroad, although the country continues to investigate the possibility of a central bank digital currency (CBDC). Governor Erbolat Dossayev of Kazakhstan’s National Bank announced the completion of a prototype of a digital tenge platform, according to a report by local […]
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 […]
Japanese companies form a group to develop a Yen-based digital currency
About 70 of the largest financial institutions in Japan have formed a group in order to develop a new Yen-based digital currency in 2022. This move is indicating that the private sector is only now beginning to embrace blockchain-based payment. Kazuhiro Tokia, the CEO of crypto exchange DeCurret, may have made a statement claiming that […]
The Republic of Palau partners with Ripple to develop a climate-friendly national digital currency
According to Ripple, the collaboration with the Republic of Palau “may see the introduction of the world’s first government-backed national stablecoin. The digital payment network Ripple has teamed with the Republic of Palau to assist in the development of the Pacific island nation’s own digital currency . The partnership’s initial focus will be on the […]