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Digital Yuan Scammers Gathering Momentum as Token Rollout Nears


Police in China are warning that digital yuan-themed scams are starting to appear in the country with more regularity – as opportunistic fraudsters attempt to trick citizens out of their money with central bank digital currency (CBDC)-themed get-rich-quick schemes. The digital token is nearing...

First or Not, The Bahamas Trumps Leading Economies with CBDC Rollout


Source: Adobe/bourjart_20 The Bahamas has officially unveiled its central bank digital currency (CBDC), the Sand Dollar. And although there is some confusion as to whether it is indeed the world’s very first CBDC or not, the Caribbean nation can certainly claim to have beaten scores of major world...

Singapore & JPMorgan to Rollout Blockchain-powered Payments Platform


Singapore’s central bank says its prototype blockchain-powered cross-border payments network is now ready for commercial rollout. As previously reported, the Monetary Authority of Singapore (MAS) began “industry testing" for its new solution with JPMorgan and the state-operated Singaporean...

South Korea Edges Closer to CBDC Rollout Without Any Comitment


The Gwangandaegyo or Diamond Bridge in Busan, South Korea. The South Korean central bank has reaffirmed its digital currency plans – but continues to add disclaimers, refusing to commit to launching a digital version of its won fiat currency. Per newspaper Hankyoreh, the central Bank of Korea (BOK)...

Digital Yuan Rollout Is 'Response to Facebook’s Libra'


A South Korean financial expert says that China’s forthcoming digital yuan will be used in cross-border trading – possibly replacing the United States dollar in many international deals – and has been sped up as a response to Facebook’s Libra project. Per Maeil Kyungjae, Kim Jong-han, a senior...

Appetite for Bitcoin Futures Is Growing


After all the fanfare, fevered anticipation, and breathless media coverage, Bakkt’s launch of bitcoin futures on Monday was a damp squib. Despite the rollout of physically delivered BTC futures going without a hitch, volumes were low, while the less said about bitcoin’s price in...

Tagomi Rollout Paves Way for Institutional Crypto Shorting


Crypto brokerage Tagomi released its borrowing and lending platform to the wider public, enabling investors to short cryptocurrencies like bitcoin and ethereum. Tagomi’s COO Kevin Johnson told CoinDesk that its new platform addresses issues that stymie institutional crypto shorts. Many large-scale...

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