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South Korea’s Hana Bank to Work on CBDC and Stablecoin Alternatives


South Korea’s KEB Hana Bank is set to work with the central Bank of Korea (BOK) on the latter’s CBDC pilot and stablecoin alternatives, such as tokenized deposits. Per the newspaper Maeil Kyungjae, Hana Bank is now “actively participating” in the BOK’s ongoing CBDC Proof of Concept project. The...

China’s Central Bank: Digital Yuan Transactions Reach $250 Billion


China’s central bank governor has revealed that transactions using the country’s central bank digital currency (CBDC) reached 1.8 trillion yuan ($250 billion) at the end of June. In addition, the People’s Bank of China (PBOC) official stated that digital yuan in circulation amounted...

Crypto-Based Bank Receives Support from Myanmar's Shadow Government


Myanmar is all set to launch its first fully crypto-based banking institution, the Spring Development Bank, on July 22.  The Spring Development Bank, named after the Spring Revolution, aims to grant the country’s shadow government National Unity Government (NUG) access to financial services...

Central Bank of Argentina Reduces Dollar and Yuan Disbursement to Importers


Importers are accusing the Central Bank of Argentina of stalling on the delivery of dollar-based payments under the pretext of high freight costs. According to importers, the Argentine government considers freight costs exceeding 15% of the value of the merchandise imported as an inconsistency....

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