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OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Fed Chair Says that Cryptos Would Not be…
The Chairman of the Federal Reserve, Jerome Powell, has said last week that there would be no attempt to curb or ban cryptocurrencies or stablecoins in any manner, something which China has been trying to…
New Zealand Central Bank Begins Discussion on Future…
The Reserve Bank of New Zealand has launched a public consultation to discuss the future of money and also about central bank digital currencies (CBDCs). The CBDCs have been dominating any kind of high-level monetary…
Nigeria to Roll Out CBDC from October 1
Nigeria is going to become the first country in Africa and probably the largest country so far, in terms of population, to launch the central bank digital currency. The release is scheduled for October 1…
CBDCs Risk Being Too Late to The Party:…
Benoît Cœuré, head of the BIS Innovation Hub, seems to be worried with the accelerating adoption of stablecoins, digital assets, and the incursion of Big Tech into finance. In the face of those challenges, Mr.…
Singapore’s Retail CBDC Challenge Announces 15 Finalists
The Global CBDC Challenge has found its 15 finalists. The competition created by the Monetary Authority of Singapore (MAS) aims to develop retail Central Bank Digital Currency (CBDC) solutions. The finalists will progress to the…
State Street Launches Division to Expand on Crypto,…
State Street has launched a new division focused on addressing the industry’s evolving shift to digital finance, State Street Digital, led by industry veteran and EVP Nadine Chakar. State Street has become one of the…
JP Morgan to Test Digital Currencies With Bahrain…
The Central Bank of Bahrain (CBB) has announced it is collaborating with JP Morgan and Bank ABC in a pilot scheme to introduce instantaneous cross-border payment solutions with digital currency. The decision comes as part…
Eastern Caribbean Launches CBDC, DCash
The Eastern Caribbean Central Bank has announced the roll-out of its central bank-backed digital currency, DCash, on 31 March 2021. The digital currency has gone live in the pilot countries of Antigua and Barbuda, Grenada,…