Russian Lawmakers Predict a Future with Digital Ruble and No Banks

Illustration of a digital currency symbolizing Russia's new crypto-based cross-border settlement initiative.

Blockchain

Russian Lawmakers Foresee the Digital Ruble Replacing Traditional Banks

September 7, 2023

Anatoly Aksakov discusses the potential for the digital ruble to replace traditional banks, highlighting the role of evolving financial technology.

Infographic highlighting the $5.8 billion in fines paid by crypto firms in 2023, a historic high in the financial sector.

Blockchain

Digital Yuan Aims for Retail Expansion, says PBOC Executive Changchun Mu

September 4, 2023

Changchun Mu envisions the digital yuan playing a pivotal role in retail sectors. His statement emphasizes the digital currency's need ...

Graph showcasing the increase in DLT engagement from 2022 to 2023.

Blockchain

Citi Survey Highlights Growing Interest in Blockchain Amid FTX Challenges

August 24, 2023

Despite FTX's 2022 setbacks, Citi's analysis paints an optimistic future for distributed ledger technology (DLT) adoption, with firms' interest growing ...

Republican Representative French Hill of Arkansas articulating his perspective on the implications of Central Bank Digital Currencies.

Regulation

US Policymaker Opposes Retail Central Bank Digital Currency (CBDC)

August 24, 2023

Republican French Hill of Arkansas opposes a US retail CBDC, suggesting Congress should have the final say on its authorization ...

Regulation

Binance Pay Launches in Brazil, Enhancing Crypto Adoption

August 23, 2023

Binance brings its payment system, Binance Pay, to Brazil, supporting over 70 cryptocurrencies and promising a new wave of crypto ...

Ontario Securities Commission flags rise in AI-driven crypto scams amid global instability

Regulation

Bank of Canada Explores CBDCs in Potential Cashless Scenario: A Deep Dive

August 11, 2023

Bank of Canada research unveils citizens' behavior towards Central Bank Digital Currencies in a potential cashless environment and the significance ...

Illustration of Japan's flag merged with cryptocurrency symbols, representing the new tax reform on unrealized crypto profits.

Blockchain

Japanese Startup Soramitsu to Utilize Stablecoins and CBDC for Linking Asian Countries in Cross-Border Payment Network

August 8, 2023

Soramitsu leverages stablecoins and CBDCs for a new cross-border payment system, targeting nations across Asia, fostering efficiency, and reducing costs.