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“# HSBC and IBM create successful multi-ledger CBDC demo ” On Thursday, HSBC and IBM announced the successful test of an advanced token and digital wallet settlement between two central bank digital currencies, or CBDCs, in a cloud environment. The experiment consisted of transactions between CBDCs, eBonds, and forex. IBM’s Hyperledger Fabric and enterprise technology…
“# Myanmar shadow government declares stablecoin USDT an official currency ” Myanmar’s shadow government, the National Unity Government (NUG), led by the supporters of jailed leader Aung San Suu Kyi, has declared U.S. dollar-based stablecoin Tether (USDT) as an official currency for local use. As per a report published in Bloomberg, the NUG will accept…
“# WhatsApp starts testing currency payments with Meta’s Novi wallet ” Despite some senators in the United States opposing Meta launching its digital currency products, the development of the social media giant’s digital wallet, Novi, continues apace. Stephane Kasriel, head of Meta’s cryptocurrency and fintech unit Novi, officially announced on Wednesday that Meta’s messenger subsidiary,…
“# Digital dollar needs broad consensus among authorities, says US Treasury Secretary ” U.S. Treasury Secretary Janet Yellen has given her opinions on the potential of a digital dollar but is hesitant to come to any conclusions at this stage in proceedings. Yellen said on Thursday that she had not formed a view on whether…
“# Thai lawmakers urged to approve tourism crypto to entice digital nomads ” A push in Thailand to boost gross domestic product (GPD) by targeting crypto digital nomads is coming closer to fruition according to local media. The Tourism Authority of Thailand (TAT) has been looking into launching its own utility token called TAT Coin…
“# Peru to partner with India, HK and Singapore central banks on a CBDC ” The president of the Central Reserve Bank of Peru Julio Velarde announced that his country will be entering the global race to develop a Central Bank Digital Currency (CBDC). At the Annual Conference of Executives (CADE) with business leaders in…
“# Spanish banks required to report 3-year digital currency plans ” Digital currency plans by Spanish banks must now be reported according to sources at the Banco de Espana, which claimed that the central bank wants to examine the effect digitalization is having on financial services. The Bank of Spain has been quiet for years…
“# These publicly traded firms are pulling institutions into crypto ” Cryptocurrencies have quickly emerged as one of the hottest investment vehicles of the past decade, gaining traction first from retail traders, as seen in 2017, and now from institutional investors. From being a domain of bedroom coders to a growing financial sector with over…
“# Russia to change laws for digital ruble, while central bank mulls 2022 prototype ” On Tuesday, Elvira Nabiullina, governor of Russia’s central bank, said that the country will have a prototype of its digital rouble platform ready by early 2022 and will roll it out for trial use next year before making a final…
“# Thailand’s biggest shopping center trialing digital currency ” Central Retail Corp., a leading firm in Thailand’s retail industry, is testing a digital currency among its employees. After the sandbox phase is finished, the retail giant plans to extend the service to customers and the general public, according to a report by Bloomberg. The “C-Coin,”…