Palau, Together with Ripple, Will Launch a National Stablecoin
The President of Palau, Surangel Whipps Jr., spoke about the upcoming launch of a national stablecoin pegged to the dollar. Ripple will help the island state to implement its plans.
Bill on Digital Ruble Submitted to Russian Parliament
A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how the new form of national fiat will be issued and amends a series of legal acts to facilitate its implementation.
RBI’s Digital Rupee To Replace Dogecoin In India
The RBI’s goal with the pilot is to initially assess the feasibility of creating, distributing, and using digital rupees at retail. Following the success of this pilot, other pilots will be conducted to try out various aspects and use cases of the e-Rupee token and underlying structure.
The Metaverse Wars: A War for the Dominant Financial Standard Will Commence
There’s a decision we have to make today, though. The Metaverse is just beginning and will find various stages in its development before it fully incorporates all the required technologies.
CBRT Sticks Along & Accelerates Usage of Digital Lira
Turkey is determined to go ahead with the test on its Digital Lira after the central bank announced that it had concluded the first test. The Central Bank of the Republic of Turkey has added that it plans to continue running a few tests on the digital currency in the next year too.
Digital Dollar Will Eventually Make Its Way Into Market
The policy research director at the Digital Dollar Project said that the Federal Reserve is waiting for Congress to initiate legislation on CBDC, for them to proceed further.
Report: Central African Republic Postpones Sango Coin Listing
The Central African Republic’s plan to list the sango coin in the last quarter of 2022 has been put on hold, while the scheduled unlocking of 5% of token holders’ portfolios has similarly been postponed, a statement from the team promoting the token has reportedly said. The decision to delay the listing of the coin was prompted by what the team terms “current market conditions.”
What Is the Future of Money? Hard vs Soft Assets in a Digital World
Bitcoin is a perfect combination of hard money with the flexibility of a digital bear asset. It is scarce, divisible, transparent, immutable, and verifiable.
Digital Dollar Will Come Eventually, Lobbyist Says
It’s more a question of when, rather than if, a central bank digital currency (CBDC) will be established in the U.S., Michael Greco, policy research director at the Digital Dollar Project, told CoinDesk TV’s “First Mover” on Tuesday.
China’s CBDC Wallet Resorts to Ages-Old Tradition To Boost Adoption
China’s wallet app for its digital yuan central bank digital currency (CBDC) introduced a feature for users to send money in an electronic version of traditional “red packets” to try to attract new users.
