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Argentine Foreign Minister Santiago Cafiero referred to the advantages the issuance of a Latin American common currency would give Argentina. Cafiero stated that the existence of such a currency would relieve the stress that the country is currently facing regarding the state of its foreign reserves and the devaluation of
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First Mover Asia: CBDCs Are the Hottest Issue in Florida Politics; Bitcoin Falls Slightly Source
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China is indeed the most visible champion of this technology. While the digital yuan is still far from ubiquitous in China, it still covers 13.6 billion RMB, 260 million wallets and 25 cities, according to Ananya Kumar at the Atlantic Council. It may not be so scary to think of
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The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being issued for “investment purposes with a vesting period of 180 days.” The RBZ also revealed that the gold-backed digital tokens
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The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month. The plans were reported by Bloomberg on April 27, which cited comments from the SFC’s chief executive Julia Leung on Thursday. The incoming guidelines will provide support to crypto trading platforms that
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The highly-anticipated release of the SUI token, the native token of layer1 blockchain Sui, will take place once the mainnet goes live on May 3 following token sales on crypto exchanges Bybit, OKX and Kucoin. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied CertiK has attributed the over $1.82 million loss suffered by zkSync-based decentralized exchange, MerlinDEX, to a private key management issue rather than an exploit by bad actors. CertiK conducted an audit on MerlinDEX’s smart contracts before
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During her opening statement, Waters said the bill was a joint effort, but negotiations over its provisions remained incomplete, and “unfortunately, a lot of things happened in between” last fall and Wednesday, such as the collapse of crypto exchange FTX. Source
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Germany is looking to modernize its capital market via the issuance of electronic securities on a blockchain platform. In an interesting development, the government of Germany is taking a blockchain-based route for the regulation of startups that are working for financial innovation. Earlier this week on April 5, Germany’s finance ministry
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The German government is pushing for more welcoming regulations for startups working with financial innovation in the country, according to the newly drafted legislation of the "Future Finance Act" introduced by the finance ministry on April 5. Key goals of the legislation include capital markets digitalization through the issuance of electronic
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