CBDC

The collaborative project will test common DLT systems that will let organizations resolve cross-border payments utilizing CBDC. Singapore’s, Australia’s, South Africa’s, and Malaysia’s Central banks recently launched a collaborative project to test global payments using CBDC. The Operation Dunbar initiative will test common infrastructure for direct payments among organizations utilizing cryptos issued by different financial…

International Monetary Fund (IMF) is of the view that virtual currencies like that of Bitcoin and others pose potential risk and dangers because they are issued by not the central banks but private individuals and networks. IMF also denies that Bitcoin can be an alternate to a “national currency” instead it suggests that those who…

A warning concerning non-fulfillment of mandatory regulatory requirements has been issued to Binance in the Netherlands as the Dutch Central Bank notes that Binance has been illegally offering services of crypto trading and crypto wallet without being registered with the relevant authority. There have been many warnings lately against the lead crypto firm, Binance over…

Samia Suluhu Hassan, the head of the state for Tanzania, has advised the country’s central bank to look into the option of adopting crypto. The bank has been directed further to submit its proposal with regard to the crypto options directly with the President. It seems as if El Salvador has set up a trend…