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Singapore Firm Strikes Cross-border Digital Yuan Deal with Chinese Bank


A Singaporean payments firm has sealed a “cross-border” digital yuan cooperation deal with a major Chinese bank, in another breakthrough for the CBDC. Per the Shanghai Securities News, the deal was concluded by Thunes, a global payment infrastructure provider, and the China Construction Bank...

People’s Bank of China Governor Vows to Curb Crypto Speculation


The new governor of China’s central bank has promised to stop speculation associated with cryptocurrency transactions in the country. Pan Gongsheng made the vow in a report detailing measures to maintain the stability of the Chinese financial market and prevent risks. PBOC Prepares to Crack Down...

Bank of America CEO Discusses Economic Slowdown and Fed Cutting Interest Rates


Bank of America CEO Brian Moynihan expects the U.S. economy to slow down in the middle of next year. The executive also noted that according to his bank’s research, the Federal Reserve will start cutting interest rates in the middle of next year to the latter half of next year. Bank of America Boss...

Bank of Russia Predicts Digital Ruble Won’t End Other Payment Methods


The Central Bank of Russia does not expect the introduction of the digital ruble to end the popularity of other non-cash and cash payment options. According to statements offered by Alla Bakina, director of the bank’s national payment system department, other non-cash payment options have...

Argentina’s Central Bank Kicks off Efforts Toward Digital Peso Bill


Much has been said about the potential Central Bank Digital Currency (CBDC) of Argentina in recent times following a suggestion by Economic Minister Sergio Massa to utilize the technology for fiscal growth.  The Central Bank of Argentina has revealed plans to push for the implementation of...

India's Central Bank Launches Wholesale CBDC Pilot For Inter-Bank Borrowing


The Reserve Bank of India has initiated a wholesale Central Bank Digital Currency (CBDC) pilot program for inter-bank borrowing.  The central bank had earlier announced its plans to test the wholesale CBDC, with the pilot now underway as of October. RBI’s executive director Ajay Kumar Choudhary...

Fed Governor Questions Need for US Central Bank Digital Currency


A top Federal Reserve official said Tuesday she has yet to be convinced there is a need for the U.S. central bank to develop a digital currency. Fed Governor Remains Unconvinced on U.S. CBDC, Cites Existing Innovations and Risks In a discourse at Harvard Law School, Fed Governor Michelle Bowman...

Swiss Bank Offers Clients Crypto Lending Product


Swiss online bank Dukascopy has introduced a new lending product that enables customers to borrow against their cryptocurrency. The solution allows users to receive 50% of the value of their digital assets in fiat currency while retaining their original crypto investments. Switzerland-Regulated...

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