The Central Bank of Brazil (BCB), the entity in charge of formulating monetary policies in the South American country, this week authorized the participation of Mercado Bitcoin, the exchange with the highest volume of operations at the local level, in the pilot program associated with the real…
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CBDC
Hong Kong and the United Arab Emirates work on crypto regulation
The financial authorities of Hong Kong and the United Arab Emirates are working on the crystallization of a joint regulatory framework for the use of cryptocurrencies.
In the search for alternative financial mechanisms to the US dollar,…
Ripple signs agreement with Montenegro for the launch of a national CBDC
Montenegro, a European country mostly focused on tourism, has signed an agreement with Ripple for the creation of a national CBDC. The news of the agreement, this April 11, was corroborated by the Central Bank of Montenegro (CBCG).…
Florida to ban CBDC adoption
Florida is working on new legislation that prohibits the use of any central bank currency, or CBDC, as a measure to protect citizens from state control.
Florida Governor Ron DeSantis said Monday: “Unlike a decentralized digital currency or…
South Dakota will treat CBDCs as money
The Senate of South Dakota, a state located in the Midwestern United States, recently passed a law that establishes that digital currencies issued by central banks, known as CBDCs, will be considered as legal money in the state. However,…
Japan and Russia will test their CBDC coins in April
The central banks of Russia and Japan announced that in April they will launch the pilot tests of their CBDCs, planes that they have been working on for a few months.
The executive director of the Japan Bank, Uchida Shinichi, declared this…
The United Arab Emirates to issue its CBDC
A recent announcement on digital finance in the United Arab Emirates reported notable progress in launching a CBDC, as a further step towards digital payments.
The Board of Directors of the Central Bank of the UAE indicated this Sunday in…
Visa targets stablecoin liquidations
Visa is investing in the global settlement of digital assets and fiat currencies, with the goal of allowing its clients to convert digital assets into fiat currencies on its platform.
The head of the company's cryptocurrency division, Cuy…
Nigeria studies recognizing cryptocurrencies as investment capital
Nigeria has its digital currency (CBDC), called eNaira. Now, the West African country is studying a bill through which cryptocurrencies could be declared as capital for investment.
The announcement was made this Sunday, by the local…
Central Bank of Spain will test digital currency
Through a press release, the Central Bank of Spain (BDE) announced on Monday that it will start testing a CBDC oriented to retail payments.
According to the statement, the entity invited financial institutions and technology service…
Thailand will need more time for its CBDC
The Central Bank of Thailand (BOT) assured that it has no intention of rushing the launch of its own digital currency, CBDC, so it will take more time than expected to study this possibility and determine the benefits it would bring to the…
Hong Kong presented its CBDC prototype
The authorities of Hong Kong, China, presented the prototype of what will be its digital currency issued by the central bank (CBDC).
This project is called "Project Aurum", which includes a two-tier platform with a wholesale interbank and…