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Today in Crypto: Avant Arte & Yuga Labs Set to Bring 10,000 CryptoPunks Into the Physical Realm, Pfizer-backed VitaDAO Launches Biotech Firm for Longevity Experiments on Animals

9.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Avant Arte & Yuga Labs Set to Bring 10,000 CryptoPunks Into the Physical Realm, Pfizer-backed VitaDAO...

Gold-Backed Digital Tokens Now an Approved Payment Method Says Zimbabwean Central Bank

9.10.2023
Zimbabwean residents and institutions can now pay or settle domestic transactions using the recently launched gold-backed digital tokens, the central bank has said. Bank governor John Mangudya said the central bank has enlisted the services of external auditors to “validate the availability...

Digital Yuan Giveaways Driving Adoption, Chinese Central Bank Claims

9.10.2023
The Chinese central bank has claimed that its program of digital yuan giveaways is helping to drive up CBDC adoption. According to the state-run newspaper the People’s Daily, the Digital Currency Research Institute, the central People’s Bank of China (PBoC)’s dedicated digital yuan arm,...

Bank of Korea and BIS Prepare Wholesale CBDC Pilot

7.10.2023
The Bank of Korea and the Bank for International Settlements (BIS) have announced a new pilot that will test the functionality of a Korean wholesale central bank digital currency (CBDC), which will serve as a tool for banks to settle interbank transactions and issue CBDC-backed digital currencies...

American Economist Jeffrey Sachs Heralds End of Dollar Hegemony: ‘Central Bank Digital Currencies Will Become the Basis of Payments’

7.10.2023
Jeffrey Sachs, an American economist and best-selling author, has stated that the end of the dollar’s hegemony is near and that central bank digital currencies (CBDCs) will become the basis of cross-border settlements. For Sachs, the abuse of the U.S. dollar as a geopolitical weapon is one...

South Korea's Central Bank to Test Wholesale CBDCs in New Partnership – Here's What You Need to Know

5.10.2023
South Korea's central bank, the Bank of Korea (BoK), is set to embark on a wholesale central bank digital currency (CBDC) test in collaboration with the Bank for International Settlements (BIS) and other key institutions, the BOK announced on Wednesday. The pilot project aims to assess...

Dutch Crypto Firms Secure Partial Legal Victory Against Regulatory Fees

5.10.2023
Crypto firms in the Netherlands, including Bitvavo and Coinmerce, have achieved a partial victory in their legal battle against fees totaling $2.3 million imposed by Dutch regulators. They argued that these fees were excessive and discriminatory.... Read More: Dutch Crypto Firms Secure Partial...

Banks Would Have to Disclose Crypto Holdings Under New BIS Plan

5.10.2023
The Basel Committee on Banking Supervision previously recommended swingeing capital constraints on holdings of unbacked cryptocurrency

“CBDC to Aid Taxation” Argentina’s Central Bank Backs Massa’s Plan For a Digital Peso

5.10.2023
Argentina’s central bank has expressly backed Sergio Massa’s bid to roll out a Central Bank Digital Currency (CBDC) if elected President. Juan Agustín D’Attellis Noguera, a director of Banco Central de la República Argentina explained that a ‘digital peso’ will offer multiple benefits for...

CBDC will improve tax collection — Argentine central bank director

5.10.2023
Juan Agustín D’Attellis Noguera publicly supported Sergio Massa in promoting a central bank digital currency as a remedy for the national economy

South Korean Central Bank Sets ‘Real-World’ CBDC Pilot Date

5.10.2023
The South Korean central bank has set a date for its “real-world” CBDC pilot, with the first citizens slated to use the coin in the fourth quarter of FY2024. Per the broadcaster KBS, the Bank of Korea (BOK) will team up with the country’s top financial regulators – the Financial Services...

Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study says

4.10.2023
The potential is there, but the difficulties in achieving financial inclusivity are often underestimated, a Bank of Canada study shows

Project Atlas: Bank for International Settlements Tackles Crypto Tracking with EU Central Banks – Here's the Latest

4.10.2023
The Bank for International Settlements (BIS) and four European central banks have rolled out a Proof-of-Concept (PoC) system to track the global flow of cryptocurrency assets. The partnership with the BIS was struck with the European Central Bank, Banque de France, Deutsche Bundesbank...

Crypto Long & Short: A Giant Awakens

4.10.2023
CoinDesk’s Amitoj Singh interviews a senior executive at DBS, the Singapore-based bank moving into digital assets

Bank of France Deputy Governor Views CBDCs as a Catalyst For Cross-border Payments

4.10.2023
Denis Beau, the first deputy governor of Banque de France has referred to Central Bank Digital Currencies (CBDCs) as a foundation for a new global monetary system. According to him, CBDCs should be developed to implement cross-border payments rather than for local financial settlements alone...

Crypto Exchange Bybit Launches Derivatives Products in South Africa

4.10.2023
Bybit announced on Oct. 2 that it will be offering its crypto derivatives products in South Africa through Money Doc which acts as the crypto exchange’s “juristic representative.” The crypto exchange said its on-ramp service enables South African users to make deposits in local...