Central Bank of Russia has introduced digital assets, including the digital version of the Russian ruble, to the recently published draft of the new banking chart of accounts. In the future, financial institutions will be able to provide data about ...
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Inswitch Partners With Mastercard to Offer Digital Payment Solutions in Latin America
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Embedded finance firm Inswitch has teamed up with Mastercard to design and deliver digital payment solutions and issuing programmes starting with selected countries across Latin America. Inswitch will begin issuing cards as a Mastercard principal member in Mexico, with plans ...
US Senator Introduces ‘No Digital Dollar Act’ to Prohibit Treasury and the Fed From Interfering With Americans Using Paper Currency – Regulation Bitcoin News
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A U.S senator has introduced the “No Digital Dollar Act to prohibit the U.S. Treasury and the Federal Reserve from interfering with Americans using paper currency” if a central bank digital currency is adopted. The bill further states: “No central ...
The Voyager Digital auction is over — What now?
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Voyager Digital filed for Chapter 11 bankruptcy in July after its exposure to the toxic Three Arrows Capital led to its ultimate downfall. This week, rumblings of a Voyager Digital auction surfaced, with Cointelegraph breaking the story on the afternoon ...
Is Digital Transformation Causing Digital Disengagement?
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One core variable rules marketing in retail banking: customer lifetime value, and it’s well-known that cultivating customer engagement is the key to maximising customer lifetime value. That’s why digital transformation initiatives have strived to engage with customers via their digital ...
Researchers allege Bitcoin’s climate impact closer to ‘digital crude’ than gold
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The Bitcoin (BTC) bashing has continued unabated even in the depths of a bear market with more research questioning its energy usage and impact on the environment. The latest paper by researchers at the department of economics at the University ...
ECB reports on digital euro validation, privacy one year into investigative phase
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The European Central Bank (ECB) Eurosystem digital euro project’s two-year investigative phase has reached its halfway point. The ECB published a progress report Sept. 29 that looked at design and policy issues that are under consideration or have been decided. ...
China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies – Finance Bitcoin News
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The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were made as part of the pilot project with the participation ...
Fed Chair Jerome Powell Updates Work on Digital Dollar — Says US Central Bank Digital Currency Will Take ‘at Least a Couple of Years’ – Regulation Bitcoin News
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Federal Reserve Chairman Jerome Powell says the U.S. central bank is looking at whether to issue a digital dollar with a “very broad scope.” He noted that the Fed is collaborating with Congress and the executive branch on whether to ...
Settlements With China — Russia Plans Next Step for Digital Ruble – Finance Bitcoin News
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Russia intends to use its digital ruble, to be introduced early next year, for payments with its key ally, China. Authorities in Moscow hope other nations will be willing to adopt the Russian digital currency in trade, which will allow ...