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Chinese Banks Launch Automatic Digital Yuan-to-Fiat Conversion Tools


  Chinese banks are exploring new methods of enabling digital yuan users to earn interest on their central bank digital currency holdings – with “smart management” tools that can detect when funds have been left idle for long periods of time.... Read More: Chinese Banks Launch Automatic Digital...

Sand Dollar CBDC Could ‘Foster Financial Inclusion’ in the Bahamas - IMF


  The Sand Dollar, a central bank digital currency (CBDC) developed by the Bahamas, has the potential to “foster financial inclusion and payment system resilience” in the Caribbean nation, a new report from the International Monetary Fund (IMF) has said.... Read More: Sand Dollar CBDC Could...

Japanese Prime Minister Talks up Japan’s Web3, NFT Focus at Investors Summit


  The Japanese Prime Minister Fumio Kishida has stated that Web3-related growth – including metaverse and non-fungible token (NFT)-related developments – will be part of the nation’s growth strategy going forward, and called on British business leaders to back his project.... Read More: Japanese...

Ukraine's New Fundraising Platform Supports Over 100 Cryptos


Ukraine's President Volodymyr Zelenskyy has launched a new fundraising platform, dubbed United24, which accepts donations in more than 100 different cryptoassets. The list of supported cryptoassets ranges from popular cryptos like bitcoin (BTC), ethereum (ETH), binance coin (BNB), to recently...

Aave Launches V3 to Boost DeFi’s Mainstream Adoption


The popular DeFi protocol Aave is drafting new expansion plans as its TVL reaches 18 billion dollars. The team hopes to exploit the demand and make DeFi mainstream through the new and improved V3 protocol launch. Reportedly, the V3 protocol would address some of the fundamental issues of...

Alipay Provides Digital Yuan Boost as COVID-19 Deals PBoC Blow


  The e-payments giant Alipay, part of the Alibaba business empire, has added an advanced search function for users wishing to use its platform to make payments using the digital yuan within the fast-expanding pilot zone.... Read More: Alipay Provides Digital Yuan Boost as COVID-19 Deals PBoC Blow

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