The Central Bank of the United Arab Emirates (CBUAE) has officially begun the first phase of its central bank digital currency (CBDC) strategy, aiming to integrate a digital dirham into both retail and wholesale markets. This ambitious move is part of the broader Financial Infrastructure Transformation Programme, which seeks to bolster the efficiency of payment...
The digital asset market has undergone a remarkable transformation in the last two weeks, rebounding from a significant outflow to witness a substantial inflow, largely fueled by investments in Bitcoin (BTC). The market’s dynamics have shifted, with Bitcoin leading the charge and propelling the total value of global digital assets to reach $53 billion. In...
Nornickel, known globally for its nickel and palladium production, has taken a unique step in employee compensation by venturing into the world of digital assets. Last year, the miner initiated the Digital Investor program, where employees receive ‘minetokens’ — digital financial assets linked to the company’s stock. This move, launched in March 2023, represents a...
The Bank of Israel says it’s preparing an action plan for the potential issuance of a central bank digital currency, though a formal decision has yet to be made. On April 17, the Bank of Israel Steering Committee on the Potential Issuance of a Digital Shekel outlined possible scenarios for the development and deployment of...
Crypto exchange Huobi has announced plans to launch the world’s first national token in honor of the Commonwealth of Dominica. In cooperation with the Tron Network blockchain and DMC Labs, and with the approval of the government of the island nation, the Dominica Coin (DMC) will be launched on the Tron network. The Commonwealth of...
