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The bakong, a digital currency operated by the National Bank of Cambodia (NBC), will provide users with access to the Alipay merchant network and enable cross-border transactions on Alipay+ using QR codes under a memorandum of understanding (MoU) signed at the FinTech Expo in Singapore, the local press reported.The bakong
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Bullish acquires CryptoX, planning substantial investment in its global expansion, and appoints the former Chief Editor from the Wall Street Journal as Editorial Committee Chair. Bullish, a rapidly expanding regulated crypto exchange led by CEO Tom Farley, has acquired CryptoX from Digital Currency Group. Tom Farley emphasized the strategic importance of
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"If appropriately designed, CBDC has the potential to improve payment systems and support a role for central bank money even as other digital payment solutions proliferate. But the appropriateness of CBDC will vary with country circumstances. Given the complexities and the novelty involved, policymakers need to explore CBDC carefully and
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The National Bank of Georgia (NBG) has selected blockchain payments network Ripple Labs as the official technology partner for developing digital lari, its central bank digital currency (CBDC) project.In a statement, Ripple said the partnership would include implementing and deploying the digital lari pilot initiative through the Ripple CBDC Platform. The
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Brazil’s top financial institutions are preparing for the nationwide rollout of the central bank’s digital currency, Drex. As Brazil’s central bank gears up for the introduction of its digital currency, Drex, leading financial institutions like Itau Unibanco, BTG Pactual and Santander Brasil are escalating their efforts. These major banks are increasing
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The report said the pilot found that an e-HKD could add value in three main areas – programmability, tokenization and atomic settlement – with the potential to facilitate faster, more cost-efficient and more inclusive transactions. However, the program's 14 pilots with 16 participating firms were conducted on a small scale
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China has launched its first industrial park dedicated to developing and applying the digital yuan, or e-CNY, in the city of Nanjing, Jiangsu province. The park, which covers an area of 10 square kilometers, aims to attract more than 100 enterprises and institutions related to the digital currency ecosystem, such
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On Oct. 12, digital currency and electronic payments firm DeCurret Holdings published a white paper on its cryptocurrency project, the “DCJPY.“ The organization intends to launch the coin in July 2024.According to the white paper, the DCJPY Network will consist of the Financial Zone and the Business Zone. The former will
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The astrology-themed NFT project Lucky Star Currency (LSC) has performed an exit scam for over $1 million, according to an October 9 report from blockchain security firm Certik. The project’s deployer account called the ‘withdrawToken’ function on both the NFTMerge and AdwardCenter contracts, removing over $1 million in LSC from
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