Sber to complete its first digital currency transaction
Russian banking giant Sber is ready to close its first digital currency transaction employing the bank’s unique digital asset platform in the near future. In an interview with the state-backed news agency TASS on June 15, Anatoly Popov, deputy chairman of Sber’s executive board, revealed Sber’s plans to conclude such a merger. Following a series […]
Meta plans to launch digital currency, lending services to its apps
Meta is reportedly planning to launch a virtual currency named after CEO Mark Zuckerberg dubbed ‘Zuck Bucks’, as well as lending services for the apps it owns, which might include Facebook, WhatsApp, Instagram, and Messenger. The effort toward tokens and virtual currency, according to a Financial Times report published on Wednesday, is aimed at investigating […]
Thailand’s largest shopping mall to experiment with digital currency
Central Retail Corp., a major retailer in Thailand, is experimenting with digital currency among its employees. According to a Bloomberg article, after the sandbox phase is completed, the retail giant aims to expand the service to consumers and the wider public. The “C-Coin ,” a blockchain-based cryptocurrency, is being offered to 80,000 Central Retail Corp […]
G7 leaders establish digital currency guidelines for central banks
This week, the Group of Seven (G7) advanced economies discussed central bank digital currencies (CBDCs), deciding that they should “do no harm” and adhere to strict guidelines. On Oct. 13, G7 finance officials gathered in Washington to discuss central bank digital currencies and adopted 13 public policy guidelines for their deployment. The G7 countries, which […]
China intends to add cryptocurrency mining to its blacklist of industries in which to invest
China has reaffirmed its stance on cryptocurrencies, despite the fact that crypto mining is prohibited in the nation, some have opted to operate illegally. China has added cryptocurrency mining to its ‘bad list’ of sectors. This latest initiative implies that investors may no longer participate in the crypto mining business. According to a Reuters storey […]