USD-backed stablecoin pilot project launched by Pacific island nation of Palau
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees.
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Wyoming seeks ‘stable token’ commission head in first steps to establish state stablecoin
The state seeks someone with connections and expertise in the blockchain industry, promising a $150,000 annual salary.
Vladimir Putin Approves Russian CBDC, Launches In August
The world’s largest country by landmass is set to roll out a digital ruble next week after Russian President Vladimir Putin greenlighted the project on Thursday. The text of the…
Putin signs law on introduction of digital ruble in Russia
Russian citizens will not be forced to use the digital ruble, and use of the CBDC will be a voluntary choice for people to make, Bank of Russia governor said…
Korean banks research stablecoin, CBDC alternative
Hana Bank plans to research certificates of deposit tokens, while Woori Bank’s research department has recently released a report on the tokens.
Congressman Warren Davidson calls to ban and criminalize CBDCs
“Money should not be programmable by a central authority,” argues Republican Representative Warren Davidson.
Federal Reserve of San Francisco hiring crypto architect for CBDC project
San Francisco's Federal Reserve Bank is seeking a crypto architect for a central bank digital currency (CBDC).
Nigerian central bank adds NFC upgrade to eNaira for contactless payments
The central bank reportedly emphasized that the addition of NFC technology will play a crucial role in boosting the adoption rates for the CBDC.
Digital yuan integration introduced to Chinese business air travel
The Civil Aviation Administration and China Merchants Bank said passengers can utilize the central bank digital currency to access new services via this platform.
South Korean central bank charts out future course of payment systems, CBDC
The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country.
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