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South Korean Private Banks Explore Alternatives To Private Stablecoins And CBDCs

In South Korea, numerous private banks are actively researching tokenized deposit technology as a viable alternative to both private stablecoins and central bank digital currencies (CBDCs). Top banks in the region have shown considerable interest in certificates of deposit (CDs)- which refer to tokenized bank deposits that are placed on the blockchain. CDs serve as […] дальше »

2023-7-25 21:00


US Congressman Urges To Ban CBDC, Says Technology “Corrupts Money”

Central bank digital currency has gained another top critic as the US Federal Reserve, under Jerome H. Powell’s chairmanship, considers potential CBDC designs.  In a July 23 tweet, Republican representative Warren Davidson condemned any potential move to launch a CBDC, noting that a digital currency flaws the ethos of money. Davidson urged Congress to ban and […] дальше »

2023-7-24 15:00


South Korea’s Oldest Bank Completes Stablecoin Trial On Hedera Network

Shinhan Bank, one of the oldest banks in South Korea, has announced the successful completion of a stablecoin remittance test on Hedera’s open-source public network. This trial was carried out in collaboration with Siam Commercial Bank’s technology innovation business unit (SCB TechX), Taiwan’s largest financial institution, and other financial companies. дальше »

2023-7-18 22:00


Crypto Oversight: G20 Recommends Regulating Digital Assets, Stablecoins

The G20 nations have witnessed a significant development in global regulation for cryptocurrencies. On Monday, the Financial Stability Board, an international body supported by the Bank for International Settlements and consisting of representatives from all G20 economies, unveiled a comprehensive regulatory framework, marking a noteworthy milestone in the regulation of cryptocurrencies worldwide. Although lacking formal […] дальше »

2023-7-18 16:20


CBDCs Under Threat: This Presidential Candidate Vows To ‘Nix’ Digital Currency Plans

Florida Governor and U.S. Presidential candidate Ron DeSantis has voiced his opposition to the implementation of Central Bank Digital Currencies (CBDCs) in the United States.  In a recent statement, he declared that if elected as President, he would put an end to any plans for CBDCs in the country. CBDCs To Be Axed On Day […] дальше »

2023-7-18 03:00


National Australia Bank blocks millions in crypto transactions citing scam concerns

National Australia Bank (NAB) blocked over A$270 million (around $184 million) in customer payments that raised scam concerns during the last four months, according to a July 17 statement. NAB blocking payments to ‘high-risk’ cryptocurrency exchanges NAB stated it stopped an undisclosed amount of transactions to crypto platforms where scams were prevalent between March and […] The post National Australia Bank blocks millions in crypto transactions citing scam concerns appeared first on CryptoSlate. дальше »

2023-7-18 22:15