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Georgia to Pilot Digital Currency in Retail Commerce Next Year


The central bank of Georgia is advancing its digital currency project. The monetary authority is preparing to launch the CBDC as early as next year and plans to use the blockchain-based version of the national fiat, the Georgian lari, to facilitate retail sales. Georgia to Introduce Digital Lari...

Pro-Crypto Congressman Blasts SEC’s Gensler Over Regulation Plans


nt/1c999f26-5fc9-4008-84bb-1f706c6251a7">told the Financial Times, then adding:“But I think Gary Gensler’s vision is much broader, and frankly because of it, he’s having a negative impact — and potentially will have a really big negative impact — on retail investors and opportunities out

Youth Fashion Retail Chain Pacsun Now Accepts 11 Cryptocurrencies


On October 5, the youth fashion and retail brand Pacsun announced the company is now accepting cryptocurrencies via Bitpay’s payment services. Pacsun says the company has a youthful audience that is “very tech-oriented” and the firm has seen an “increasing desire towards...

Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger


The Central Bank of Bhutan, the Royal Monetary Authority (RMA), has partnered with Ripple to start testing a model of its central bank digital currency (CBDC) using Ripple’s technology. The test will be using Ripple’s own CBDC private ledger, to support similar use cases. The pilot...

Central Banks Look To Two-Tier Retail CBDC Model Amid Disruption Fears


ral-banks-seek-to-balance-innovation-and-disruption-when--PBC_1303486">report by international risk assessment firm Moody’s.  “Based on existing and proposed pilot schemes, CBDC development is being done in conjunction with existing financial market infrastructure, the two-tier

JPMorgan Says Cryptocurrency Markets Are ‘Looking Frothy’


Global investment bank JPMorgan says cryptocurrency markets are “looking frothy” as retail investors spill over from the stock market into cryptocurrencies and non-fungible tokens (NFTs). Crypto Markets Look Frothy, According to JPMorgan JPMorgan published a note Wednesday on...

Digital Currency Firm FTX Acquires Crypto Derivatives Platform Ledgerx


On Tuesday, West Realm Shire Services Inc., the parent company of the crypto exchange FTX, announced that the firm has acquired the Commodity Futures Trading Commission (CFTC) regulated digital currency futures and options exchange and clearinghouse Ledgerx. FTX Acquires Virtual Currency Futures...

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