“If appropriately designed, CBDC has the potential to improve payment systems and support a role for central bank money even as other digital payment solutions proliferate. But the appropriateness of CBDC will vary with country circumstances. Given the complexities and the novelty involved, policymakers need to explore CBDC carefully and systematically,” the IMF paper said. Source
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The chairman of Kazakhstan’s National Payment Corporation (NPC), Binur Zhalenov, has made the first transaction with the country’s new central bank digital currency (CBDC), the digital tenge. During his speech at the XI Congress of Finance in Almaty on Nov. 15, he paid with a debit card tied to the CBDC account, according to local outlet, Kapital.kz. Zhalenov unveiled the official launch of the digital tenge on Kazakhstan’s retail market today, promising the “massive platform’s development” in 2024. According to the official, Kazakhstan collaborated with Visa and Mastercard, as well as…
The public sector should continue to prepare for CBDC deployment, IMF Managing Director Kristalina Georgieva said. Source
Cboe Digital’s planned launch of margin Bitcoin and Ethereum futures is set to complement its existing spot crypto market, which includes trading pairs for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and USDC Cboe Global Markets’ digital asset exchange recently revealed its ambitious plans to revolutionize crypto trading by launching margin futures on Bitcoin (BTC) and Ethereum (ETH) starting January 11, 2024. Cboe Digital to Pioneer Crypto Futures Trading This move positions Cboe Digital as the first US-regulated crypto-native exchange and clearinghouse to facilitate both spot and leveraged derivatives trading on a…
The IRS Should Heed This Warning Further, serious consideration should be given to excluding digital assets outside of the investment context. . For example, as the IRS itself recognizes, many non-fungible tokens (NFTs) si CryptoX Portal
The Chinese government released a statement on Nov. 10 declaring that anyone stealing digital collections, such as nonfungible tokens (NFTs), will be subject to theft sentences. It outlines three views on the type of crime that theft of digital collections falls under, the first two classifying it as either data or digital property. However, the statement stresses that the third view, which sees digital collections as both data and virtual property, would fall under the umbrella of “co-offending.” The statement explained that stealing a digital collection includes intrusion into the…
The Federal Government of Nigeria, through the Ministry of Communications, Innovation and Digital Economy, has entered into a partnership with a UK-based computing education charity, Raspberry Pi Foundation, to launch Code Clubs across Nigeria. The initiative is crafted for students aged 7 to 17, and the Code Clubs represent a series of extracurricular artificial intelligence (AI) programming clubs aimed at fostering digitally literate and innovative young minds in Nigeria. Announcing the program in a statement issued on Wednesday, Nov. 8, the ministry said the Code Clubs will introduce participants to…
Deutsche Börse intends to further use cloud computing to accelerate the development of its digital post-trading platform D7 and a crypto trading platform to ensure sustainable future growth prospects. The Web3 market and blockchain technology have triggered a fast shift in the global financial system from the traditional stock market to digital assets and tokenization in the past few years. The shift has been accelerated by the ongoing crypto regulatory changes around the world led by European countries. In Germany, the country’s legislators have passed several crypto regulations to ensure…
The frontman of the popular virtual universe game Roblox, David Baszucki, has said he ‘dreams’ of having the ability to move nonfungible tokens (NFTs) and digital objects across multiple platforms. Following the company’s Q3 2023 earnings call, Roblox founder and CEO Baszucki spoke about the role major influencers play in fueling the widespread adoption of NFTs and digital collectibles in a recent CNBC interview. He believed in the idea of users being able to move their collections across non-native platforms: “There’s a bit of a dream here about objects and NFTs…