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“# Ukraine central bank now officially allowed to issue digital currency ” The Ukrainian government is moving forward with its central bank digital currency (CBDC) plans, as the National Bank of Ukraine (NBU) is now officially authorized to issue a digital currency. Ukrainian President Volodymyr Zelenskyy has signed the law titled “On Payment Services,” officially…
“# Ghana’s vice president declares Africa should embrace digital currencies ” Ghana’s vice president Dr. Mahamudu Bawumia believes that African governments need to embrace digital currencies to facilitate trade throughout the continent. As reported by Ghanaweb Bawumia outlined his argument during the Fifth Ghana International Trade and Finance Conference, which boasted the theme of “Facilitating…
“# One tenth of Russians ready to get salaries in digital ruble, report says ” Amid the Bank of Russia continuing progressing with its central bank digital currency (CBDC) development, one survey suggested that not many Russians are ready to accept salary payments in the digital ruble. Almost half of the Russian respondents strongly objected…
“# Bank of Russia asks stock exchanges to not list crypto-related firms ” As global cryptocurrency companies increasingly consider going public, the Russian central bank has officially recommended local exchanges to avoid crypto-related listings. The Bank of Russia issued an information letter on July 19, asking Russian stock exchanges to stay away from listings of…
“# Bank of Korea selects Kakao’s blockchain arm for digital won tests ” The central bank of South Korea has chosen a blockchain subsidiary of local internet giant Kakao as a technology provider for its digital currency pilots. Kakao’s Ground X had won the Bank of Korea’s central bank digital currency (CBDC) tender, becoming the…
“# Fed takes on stablecoins: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) emerges into a new week with middling price action and optimistic fundamentals — what could the coming days have in store? Still holding $30,000 support, there’s little about Bitcoin to truly excite traders, but volatility has already reminded them…
“# UK will hold back action against crypto ‘pockets of exuberance’ for now ” The Bank of England (BoE)’s latest Financial Stability Report, released twice yearly, acknowledges that increased crypto trading action and price volatility in 2021 signals that the sector is harboring “potential pockets of exuberance.” The report notes that the top market cryptos,…
“# South Korean internet giants bid for central bank digital currency pilot ” Affiliates of South Korean internet giants Naver and Kakao are among the top contenders to work on the country’s first central bank digital currency (CBDC) pilots. On Monday, the Bank of Korea (BoK) announced the preliminary bid results for participating digital won pilots,…
“# Pandemic has accelerated the rollout of CBDCs by 5 years, says blockchain firm ” Research from European blockchain company Guardtime suggests that the current pandemic may have accelerated the launch of a major central bank digital currency by up to five years. According to Guardtime, the company said the growth of many technology companies,…
“# IMF, World Bank and BIS champion central bank digital currencies at G20 ” In a joint report, the International Monetary Fund (IMF), the World Bank and the Bank of International Settlements (BIS) have proposed to the G20 that a cross-border network of central bank digital currencies (CBDC), underpinned by efficient technological integration and proactive international cooperation,…