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Hong Kong Launches Project Ensemble, a Wholesale CBDC and Tokenized Deposits Initiative

The government of Hong Kong has announced Project Ensemble, an initiative that will test the functionality of a wholesale central bank digital currency (WCBDC) and the movement of tokenized deposits.…

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Mogo Takes a Further Leap Into BTC, Eyes Long-Term Gains With $5M Bitcoin Reserve Investment

In a statement released on March 7, the Canadian fintech entity Mogo disclosed its strategy to diversify its portfolio by investing in bitcoin and bitcoin exchange-traded funds (ETFs), earmarking an…

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Indonesia’s Commodities Regulator Requests Finance Ministry to Review Crypto Taxes

The Indonesian Finance Ministry has been called upon to assess the implementation of cryptocurrency taxes by the nation’s Commodity Futures Trading Supervisory Agency. In the past few months, Indonesia’s revenue…

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Digital Euro Association Partners With HBAR Foundation to Boost Understanding of CBDCs and Stablecoins

The Digital Euro Association (DEA) has entered into a partnership with the HBAR Foundation. This collaboration aims to bolster its comprehension of central bank digital currencies (CBDCs) and stablecoins. Although…

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Stablecoin Issuer Circle Announces Discontinuation of USDC Support on Tron Blockchain

The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted…

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Nigerian Microfinance Bank Carbon Acquires Fintech Startup Vella Finance

Vella Finance, a Nigerian fintech startup, was recently bought by the microfinance bank Carbon. The acquisition of the fintech startup paves for Carbon to launch a new banking platform targeting…

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