Banking
Bank of England forms CBDC Academic Advisory Group for proposed digital pound
The Bank of England and HM Treasury have established the CBDC Academic Advisory Group (AGG) to create a comprehensive architecture for the digital pound,...
Banking
Garanti BBVA Financial Technologies launches new venture for digital assets
Garanti BBVA Financial Technologies, a subsidiary of Garanti BBVA, is entering the digital asset arena with its venture named Garanti BBVA Digital Assets, offering...
Blockchain
PayPal launches US dollar stablecoin PayPal USD
PayPal is launching a fully-backed stablecoin, PayPal USD, backed by US dollar deposits and similar assets, aiming to enhance payments in Web3.
FactsPayPal is...
Banking
Revolut halts crypto services in the US citing “evolving regulatory environment”
Challenger bank Revolut will halt access to cryptocurrencies for US customers starting October 3, citing regulatory uncertainties and the evolving crypto market.
FactsChallenger bank...
Blockchain
The Republic of Palau taps Ripple for first stablecoin pilot
The Republic of Palau is partnering with Ripple to launch a limited stablecoin pilot, called Palau Stablecoin (PSC), backed by the US dollar on...
Banking
FSB publishes global regulatory framework for cryptoassets
The Financial Stability Board (FSB) has published a global regulatory framework for crypto asset activities. This framework is a response to the intrinsic volatility...
Banking
DBS launches e-CNY merchant collection solution in Mainland China
Singaporean banking giant DBS has launched an e-CNY merchant collection solution in Mainland China, allowing businesses to receive payments in China's central bank digital...
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