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The National Bank of Georgia (NGB) is developing the digital GEL and is searching for a suitable partner. NGB plans to launch a Limited Access Live Pilot Environment through various use cases to test the technology capabilities and potential application areas of the Central Bank Digital Currency (CBDC) system. After extensive research, NGB has
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As the US national debt rises, some estimates suggest a possible $45 trillion level over the next couple of years. The United States’ national debt has consistently risen since it hit and crossed $33 trillion last week. According to the weekly financial analysis publication The Kobeissi Letter, the US national debt has
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Nigeria is extending an invitation to scientists of Nigerian heritage, as well as globally renowned experts who have worked within the Nigerian market, to collaborate in the formulation of its National Artificial Intelligence (AI) Strategy.According to Bosun Tijani, the Minister of Communications, Innovation and Digital Economy, who made the announcement
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Under the new law, the chosen crypto regulator will have powers to license virtual asset service providers and make new rules. However, the bill “doesn't give obligations to the regulatory authority, the structure, the level of expertise that it needs to have, it's still very open,” Vivo said, explaining some
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The United States Senate passed the 2024 National Defense Authorization Act (NDAA) worth $886 billion on July 27. The bill includes a provision targeting crypto mixers, anonymity-enhancing coins and institutions engaging in crypto trading.The NDAA is a bill that helps authorize how the country’s defense department can utilize federal funding.
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Indonesia has introduced a national crypto asset exchange and clearing house to foster transparency and security for digital asset investors in the region. The bourse, which has been operational since July 17, 2023, will list existing licensed
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Another major bank in Australia has said it will block certain cryptocurrency platforms, citing high levels of scam risk in the industry.National Australia Bank (NAB) on July 17 officially announced a set of new measures to protect customers from fraud as part of its “bank-wide scam strategy.”Alongside halting “millions in
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The government should recognize blockchain as an emerging industry with "significant" long-term economic and job creation opportunities, a lawmaker committee on industry and tech said. Source
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Lawmakers wanted to see a 7% rate for crypto held longer than a year Source
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The decision to prioritize wholesale CBDCs, which involve tokenized securities, showcases the SNB’s commitment to thoroughly assess and manage any associated risks before considering the introduction of retail CBDCs. The Swiss National Bank (SNB) is set to create a digital currency known as a wholesale central bank digital currency (wCBDC). According
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