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“# Diem parters with Silvergate bank to launch stablecoin in the US ” Facebook-backed digital currency project, the Diem Association, has partnered with cryptocurrency-friendly bank Silvergate to launch a stablecoin pegged to the United States dollar. Diem announced Wednesday a new model of its upcoming stablecoin, relocating its main operations from Switzerland to the United…
“# Israel’s central bank floats possible digital shekel with new action plan ” The Bank of Israel is accelerating its research for the potential issuance of a central bank digital currency, or CBDC. In a statement from the central bank on Tuesday, the Bank of Israel said it was preparing an action plan to explore…
“# Kazakhstan opens public consultation for central bank digital currency ” Kazakhstan’s central bank is planning to examine the potential benefits and risks of adopting a state-backed digital currency. The National Bank of Kazakhstan, or NBRK, published Wednesday a report on a digital tenge pilot project and opened a public consultation on the potential central…
“# Largest Latin American eCommerce platform adds $7.8M Bitcoin to its treasury ” Mercado Libre, the largest e-commerce platform in Latin America, has announced to the U.S. Securities and Exchange Commission (SEC) that it acquired $7.8 million in Bitcoin in the first quarter of 2021. It stated in the report: “As part of our treasury…
“# Georgia’s central bank is exploring ‘Digital Gel’ CBDC ” The National Bank of Georgia said that it is considering launching a central bank digital currency. In an announcement today, the central bank hinted at the issuance of a central bank digital currency, or CBDC, in an effort “to enhance efficiencies of the domestic payment…
“# Binance CEO warns of CBDC drawbacks as digital dollar pilots proceed in US ” Cryptocurrencies like Bitcoin (BTC) and Ether (ETH) will co-exist “for a while” with more restrictive digital currencies like China’s digital yuan, Binance CEO Changpeng Zhao said in a Bloomberg interview on Monday. According to Zhao, some of the key features of…
“# 100M euro digital bond was a CBDC test, says Banque de France ” It turns out the 100 million euro digital bond issued by the European Investment Bank earlier this week was actually a trial of a European central bank-issued digital currency, or CBDC. An April 28 announcement from France’s central bank, Banque de…
“# 21% of Muscovites think crypto and digital currencies will replace fiat in ten years ” New research from one of the top 10 major banks in Russia, Otkritie Bank, has found that 14% of Russians think crypto will replace fiat in 10 years. According to Russian publication Nord News, the survey was conducted between…
“# Ant Group highlights private sector’s role in developing digital yuan ” Major Chinese tech and commerce firms are starting to open up regarding their involvement in developing the digital yuan. Ant Group and Tencent Holdings revealed the extent of their collaboration with the People’s Bank of China in developing the digital yuan at the…
“# Norway to start digital currency tests after four years of research ” The Norwegian central bank, Norges Bank, is set to test various technical solutions for a central bank digital currency following years of research. Norges Bank officially announced Friday that it will be conducting CBDC tests over the next two years upon recommendations…