India To Introduce Measures Around Crypto This Year, Says Government Official
The Indian government is planning to introduce “measures around crypto” this year, according to the country’s Economic Affairs Secretary Ajay Seth. India’s finance minister says cryptocurrency regulation will be discussed in her upcoming G20 meeting of finance ministers and central bank governors.
Indian Retail Group Reliance Retail Begins Accepting CBDC Payments
Reliance Retail, a leading Indian retail chain, has begun accepting the national CBDC, the digital rupee (e₹), at one of its store lines and intends to expand the payment process to all of its businesses. The details were shared by its fintech partner, Innoviti Technologies, via a press release.
Crypto 2023: A Focus on Real-World Utility
So, what does 2023 hold for crypto and blockchain? In a word: utility. This was the watchword of nearly every Ripple executive that weighed in with predictions for the year.
Crypto Giants Are In Trouble; String of Crypto Exploits and Hacks | Cointime Weekly Jan.22 – Jan.28
Coinbase slammed with $3.6M fine in Netherlands; Bitstop founders acquire Genesis coin; understanding token standards; Bank of America says “digital currencies appear inevitable”
The State of Global CBDC Adoption With Darrell Duffie
Countries are learning that it’s not simply a case of “if you build it, they will come.”
Visa CEO Says There’s a “Meaningful” Future for Stablecoins and CBDCs
The CEO of the world’s largest credit card company told shareholders on Tuesday that stablecoins and central bank digital currencies (CBDCs) will play a “meaningful role” in the payments space going forward.
UK Treasury is Looking for CBDC Head as it Explores Digital Pound
A new LinkedIn job posting from the U.K.treasury is seeking a Head of Central Bank Digital Currency.
China Unveils Ripple's Competitor for Stablecoins and CBDC Payments
A Chinese firm is developing a new payment system interoperable with stablecoins and CBDCs – that acts as a link for central banks to transfer and swap regulated digital currencies – recently unveiled at the World Economic Forum in Davos, Switzerland.
China’s Digital Yuan Gets Smart Contract Functionality Alongside new Use Cases
China’s Central Bank Digital Currency (CBDC) — the digital yuan, or eCNY — has received upgrades giving it smart contract functionality alongside a series of newly unveiled use cases. The smart contract function was launched on the Meituan app, a Chinese app offering retail and food delivery services, according to a Jan. 17 report by local cryptocurrency media outlet 8btc. When Meituan users place an order and pay with their e-CNY wallet, a smart contract triggers and searches for keywords and purchased items in their order. If a user buys something on the list of keywords for the day, they go in the draw to win part of a prize. (Cointelegraph)
China Launches Smart Contract Functionality on Digital Yuan Through E-Commerce App Meituan
China has enabled smart contract functionality for its central bank digital currency (CBDC), the digital yuan, through the e-commerce app Meituan, one of China's largest food delivery and lifestyle apps.
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