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Russia to Clarify Cryptocurrency Mining Gray Areas, Including Payments


Anton Siluanov, the finance minister of Russia, is prepared to discuss the gray areas surrounding cryptocurrency mining and the use of its proceeding for payments. In a recent lecture, Siluanov stated that the government needed to agree “on what can be done with cryptocurrency,”...

HSBC Launches Gold Token Service for Retail Investors in Hong Kong


Banking giant HSBC is now allowing retail investors in Hong Kong to buy real gold through digital tokens. The new gold investment is available through the bank’s online banking service and app. The post HSBC Launches Gold Token Service for Retail Investors in Hong Kong appeared first on Cryptonews

Russia Discusses Testing Digital Ruble for Budget Payments


The Central Bank of Russia and the Russian treasury are considering testing using the Russian CBDC, the digital ruble, to complete budget settlements. The tests would involve using this CBDC to make payments to businesses and citizens and receiving payments from these in CBDC, to ensure...

UAE Introduces CBDC Implementation Strategy – Here’s What’s Inside


The UAE's central bank has announced a comprehensive strategy to implement a central bank digital currency (CBDC) for retail and wholesale use. In partnership with technology providers R3 and G42 Cloud, the UAE envisions that digital dirham will streamline cross-border transactions, enhance...

Sweden’s Riksbank Releases Final Report on CBDC Project


Sweden’s Riksbank has released its final report on its central bank digital currency (CBDC), the e-Krona, which focused on offline payments.  The post Sweden’s Riksbank Releases Final Report on CBDC Project appeared first on Cryptonews

Real-World Assets Platform Gluwa Considers Developing Liberia’s CBDC


The real-world assets platform, Gluwa, is exploring the potential to assist in the development and launch of Liberia’s central bank digital currency. To increase the likelihood of the digital currency’s success, Gluwa is also considering the launch of a satellite-based internet service. Making...

Global Surge in CBDC Exploration Leaves US Playing Catch-Up: Study


An Atlantic Council study showed that 134 countries, or 98% of the global Gross Domestic Product (GDP), are currently exploring a central bank digital currency (CBDC). This number has surged from just 35 since May 2020. The post Global Surge in CBDC Exploration Leaves US Playing Catch-Up: Study...

South Korea’s Crypto-keen K Bank Aims for IPO Amid BTC Boom


K Bank, a South Korean neobank that has seen rapid growth thanks laregely to its crypto operations, is set to make an initial public offering (IPO) bid. The post South Korea’s Crypto-keen K Bank Aims for IPO Amid BTC Boom appeared first on Cryptonews

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