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According to the central bank’s data, from January to August 2023, imports of crypto rose by 44.2% compared with the same period last year.
Project Mariana was developed under the aegis of the Bank for International Settlements.
BIS chief warns widespread uncertainty over legal status of digital currency could impact trust
Speech by Mr Agustín Carstens, General Manager of the BIS, at the BIS Innovation Hub-Financial Stability Institute conference on legal aspects of central bank digital currencies, Basel, Switzerland, 27 September 2023.
BIS general manager Agustín Carstens stresses the importance of legal frameworks that protect CBDC users’ privacy and maintain monetary freedom.
Central bank digital currencies (CBDCs) could confer economic benefits if governments don't use them to cannibalize the commercial banking industry.
The e-CNY app now allows tourists to top-up their wallets using Mastercard and Visa payments with a “recharge first and use later” option.
The project now includes central and commercial banks of China, Hong Kong, Thailand and the UAE. Future new members were not identified.
Guests on Hashing It Out episode 31 believe that traditional finance has hurt innovation in the African fintech space, and cryptocurrency can breathe some life into the space.
As the United States House Financial Services Committee looks to further impede the introduction of a digital dollar, where does this resistance to a CBDC stem from?
The “CBDC Anti-Surveillance State Act,” aimed at preventing the Federal Reserve from issuing a central bank digital currency, has passed the House Financial Services Committee.
The Institute of International Finance looked at seven areas where digital euro legislation, which is being developed alongside the technology, is lacking.
Despite approaching the issue from vastly different angles, the two sides were able to agree on a few basics as the bill passed out of committee.
The National Payment Corporation will be responsible for the development of “digital financial infrastructure”, including the implementation of the digital tenge.
The legal struggle between the SEC and Binance.US continues, with the company hitting new lows in trading volume.