Digital Currency
Central bank digital currencies can replace cash, show resilience: Claims IMF chief.
Kristalina Georgieva, the Managing Director of the International Monetary Fund, stated in a lecture on Wednesday that central bank digital currencies (CBDC) can take the role of physical money, particularly…
U.S Federal Reserve Takes Initial Steps to Make Cross-Border Payments Faster and Secure.
The U.S Federal Reserve is working on Project Cedar to make cross-border payments faster and more secure. It is developing a framework for a potential wholesale central bank digital currency…
High Tax on Digital Currency May Kill Industry in India.
At the prestigious Singapore Fintech Festival (2-4 November), the Binance CEO highlighted India’s anti-crypto policies and warned that high tax rates would destroy the nation’s fledgling crypto industry. The Singapore…
Canada Government in Talks with Crypto Industry Stakeholders over Digitalization of Money.
The Canadian government is consulting with crypto industry stakeholders to address the digitalization of money. It wants to establish a financial sector legislative review to examine the digitalization of money.…
U.S Banks With NYIC Launch ‘Regulated Liability Network.
Members of the U.S banking and payments community in collaboration with the New York Innovation Center (NYIC) have launched the “Regulated Liability Network” (RLN), a proof-of-concept digital money platform. The…
Texas Authorities Question Voyager Digital’s Disclosure Statement.
The Texas State Securities Board (SSB) and the Texas Department of Banking (DOB) have questioned the various methodologies and calculations used to estimate Voyager Digital’s crypto assets. The agencies, in…
Mango Markets Probes Hack Wherein It Lost $112 million in Digital Assets.
A DeFi trading platform on the Solana blockchain, Mango Markets, is looking into a hack wherein it lost approximately $112 million in digital assets. The hacker managed to drain the…
Bitget Set to Inspire Masses to Embrace Digital Assets Amid Surging Crypto Derivatives.
Bitget, one of the world’s leading cryptocurrency exchanges, wants to be the platform that transcends Web2 and Web3, connects centralized finance and decentralized finance, and bridges the broad web of…
The Central Bank of Colombia is Considering The Creation of a New Digital Coin.
Thanks to the booming digital currency landscape, many countries are contemplating creating their own digital coin. And Columbia has recently joined the list. The manager of the Central Bank of…
US: Digital asset purchases of $50 or less to be free of capital gains taxes.
A new bill in the US, the Virtual Currency Tax Fairness Act, is set to make small crypto transactions of $50 and less, tax-free. It will eliminate capital gains tax…
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