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WEF Unveils Global Governance Consortium for Digital Currencies

News The World Economic Forum (WEF) has created what it claims is the first ever global consortium dedicated to designing a framework for the transnational governance of digital currencies, including stablecoins. A press release shared with Cointelegraph on Jan. 24 reveals that the newly-formed Gl..

Week Two of RBI Vs. Crypto at the Supreme Court of India

News The Supreme Court of India has this week listened to further hearings in the landmark case against the Reserve Bank of India’s ban on banks’ dealings with crypto-related businesses. On Jan. 22 and Jan. 23, proceedings continued with arguments presented by Ashim Sood, the legal counsel for the..

Japanese Officials Are Working on a Digital Currency

News Ruling party lawmakers in Japan are reportedly working on a proposal to issue a national digital currency, Reuters reports on Jan. 24. This appears to be a response to fears of a Chinese digital yuan. The planned digital yen would be jointly developed by the government and private companies, ..

MIT Research Group Calls Crypto a Testing Ground for a Central Bank Digital Asset

News MIT’s crypto and distributed ledger tech research group, the Digital Currency Initiative, recently explained that a central bank digital currency (CBDC) will eventually use some of the concepts and technology currently at play in the experimental crypto space. “CBDC should not be a direct cop..

Facebook and Calibra’s David Marcus: The Problem of Global Unbanked Is “Unacceptable”

News At the World Economic Forum panel discussing digital currencies, the conversation topics included Central Bank Digital Currencies (CBDCs). Calibra’s David Marcus highlighted that regardless of the nature of digital currency, these discussions are key to innovate cross-border payments and solv..

World Economic Forum Debuts Framework for Central Bank Digital Currency

News The World Economic Forum (WEF) — together with some of the world's major central banks — has created a central bank digital currency (CBDC) policymaker toolkit. According to an announcement on Jan. 22, the toolkit is the WEF's attempt to help policy-makers understand whether deployi..

The Unstoppable Trajectory: Stablecoins Are Evolving Traditional Finances

Opinion Stablecoins may represent crypto’s best chance of achieving mainstream success and recognition from the traditional financial systems. Just recently, the president of the European Central Bank nourished this viewpoint by stating that the institution should be proactive when it comes to dig..

India Central Bank Says It Hasn’t Banned Crypto

News The Reserve Bank of India (RBI) said regulated entities cannot offer crypto assets in the country, but that does not equate to an overall digital asset ban. In a Jan. 21 article, The Economic Times of India cited a document the RBI submitted to the country’s supreme court in September, which ..

Hong Kong and Thailand Pilot DLT-Based Project for Cross-Border Payments

News Hong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency (CBDC) for cross-border payments. On Jan. 22, the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) officially announced the outcomes of a joint CBDC research proj..

Six Major Central Banks to Collaborate on Digital Currency Research

News The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland created a group with the Bank for International Settlements (BIS) to jointly research central bank digital currencies (CBDC). According to a press release published by the Bank of England on Jan. 21..

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