Singapore’s DBS Bank Debuts Digital Yuan Payments For Chinese Merchants
DBS, one of the leading banks in Asia, has become one of the first foreign banks in China to introduce ...
Tag: CBDC
Here’s What Isreal’s New Crypto Tax Legislation Means For Foreign Residents
Israel's parliament, the Knesset, has given initial approval to a bill that seeks to extend tax benefits currently available to ...
Hong Kong Scholars Propose HKD Stablecoin Backed by Government Reserves
In a bid to assert dominance in the blockchain sector and drive the development of a digital Hong Kong dollar, ...
Jinan Leads the Way: China’s First Cashless Bus Network Accepts Digital Yuan Payments
Jinan, the bustling capital of Shandong Province in China, now accepts payments using the digital yuan and has already been ...
CBDCs Gain Momentum: 130 Countries Now On The Runway
As digital currencies such as CBDCs begin to take a more pivotal role in the global economy, recent studies indicate ...
Swiss National Bank Announces Plans To Launch Wholesale CBDC Pilot
Switzerland looks set to join the growing list of nations conducting a Central Bank Digital Currency (CBDC) pilot. According to ...
CBDC: Shanghai Financial Service Launches Digital Yuan Services
The Chinese central bank's financial services clearing counterparty, the Shanghai Clearing House, launched digital yuan (a CBDC) clearing and settlement ...
IMF Acknowledges Ineffectiveness of Banning Cryptocurrencies, Encourages CBDC Adoption
The International Monetary Fund (IMF) has recognized that banning cryptocurrencies may not be an effective long-term strategy. Instead, the focus ...
