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Digital Yuan Wallet Ranks Among Most Downloaded Apps in China


The new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Its use and integration with other apps have contributed to an increase of digital yuan payments, media reports unveil. Wallet Launch...

Nigerian President Muhammadu Buhari to Unveil Country’s CBDC


The Nigerian President, Muhammadu Buhari, is expected to formally launch the country’s central bank digital currency (CBDC) on October 25, 2021. High-Level Endorsement of the CBDC According to a statement released by the Central Bank of Nigeria (CBN), the formal event marking...

India Plans to Unveil Central Bank Digital Currency Model by Year End


The deputy governor of India’s central bank, the Reserve Bank of India (RBI), says the bank should be able to come up with a central bank digital currency (CBDC) model by the end of this year. India May Unveil a CBDC Model by Year End The Reserve Bank of India (RBI) may unveil a model...

The Fed Plans to Unveil Digital Dollar Prototypes in July


The Federal Reserve is actively working on a central bank digital currency and some prototypes are near completion. The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) plan to unveil two prototypes of a digital dollar as early as July. Digital Dollar Prototypes...

South Korea’s Shinhan, LG CNS Unveil CBDC Platform


The South Korean commercial banking giant Shinhan and LG CNS, the IT services arm of the electronics conglomerate LG, have unveiled their joint pilot platform for central bank digital currencies (CBDC). The two firms announced they would be partnering on the platform late last year, and...

Puerto Rico Neobank the Latest to Unveil Bitcoin, Ethereum Custody Plans


The number of banks around the world launching crypto custody just continues to grow – with a Puerto Rico-based so-called neobank named FV Bank the latest to board the gravy train. Per a press release, the bank announced that it had been given permission by the Puerto Rico regulatory Office of...

Japanese Firms Unveil ‘First Real Estate STO’ for New Retirement Home


Three Japanese companies have teamed up to launch what they said is the “first real estate securities token offering (STO) for retail investors in Japan.” The collaboration involves security token specialist Securitize, advertising firm and Lifull Homes property listing website operator Lifull...

49 US States Unveil Unified Regulation for Cryptocurrency Firms


The Conference of State Bank Supervisors, representing regulators from all U.S. states and territories, has launched a new regulatory framework for payments and cryptocurrency companies. One Set of Rules for All US States Regulators in 49 U.S. states have agreed to a single set of supervisory rules...

EU Set to Unveil Draft Crypto Law ‘By Q3 of FY2020’


The EU could be set to streamline its members’ crypto regulatory framework – after a crucial European Commission ruling. Per IFC Review, which quotes European Commission’s press office, the Commission wants to have a set of proposals in place as early as the third quarter of 2020, but admitted that...

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