Virtual Currency

October 05, 2023

Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study says

The potential is there, but the difficulties in achieving financial inclusivity are often underestimated, a Bank of Canada study shows.   In the pursuit of establishing […]
September 04, 2023

Bank of China: Platforms must provide digital yuan retail payment option

In the short term, e-commerce platforms can integrate the CBDC through QR codes.   As China’s digital yuan, a central bank digital currency (CBDC), undergoes technological […]
July 20, 2023

Kuwait bans crypto and virtual asset transactions

Kuwait’s Capital Markets Authority has officially confirmed the commitment to “absolute prohibition” of virtually all crypto operations in the country.   On July 18, Kuwait’s main […]
July 14, 2023

Circle CEO spells doom scenario for US dollar in warning to Congress

Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar.   The CEO […]
June 23, 2023

Banning crypto ‘may not be effective in the long run’ — IMF

After proposing a single ledger CBDC payment system, the International Monetary Fund reported on the regulation and use of digital currencies in Latin America and the […]
December 21, 2022

Alaska adds ‘virtual currency’ to its regulatory regime

Starting in 2023, companies will have to obtain a new type of license to operate in the state using cryptocurrency.   Effective January 1, 2023, the […]

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