Argentina and Brazil plan to create a Latam Common Currency
Argentina’s Minister of Economy Sergio Massa shared that the first steps discussed by both countries’ ministries involve creating a single monetary unit found between the...
Bank of Spain authorises euro-backed stablecoin pilot scheme
The Bank of Spain authorized digital Euro tokens for testing. Europe is experimenting with CBDCs, or central bank digital currencies, as well as stablecoin projects....
CBDCs are the future but not yet ready according to Davos 2023
The World Economic Forum’s Panels explain the advantages of CBDCs. The World Economic Forum’s Davos meetings feature a Central Bank Digital Currency Panel. The panel...
Shanghai takes the metaverse to 20 urban spots with its release
Shanghai, China is rapidly incorporating the metaverse into daily life. The Shanghai Municipal Commission of Economy and Informatizations recently announced a pilot program that would...
Exchange Bithumb forced to compensate users for service interruptions
Over one hundred customers filed a lawsuit against the largest cryptocurrency exchange in South Korea, Bithumb. The customers claimed that their financial losses were the...
The Bank of Russia suggests alternative currencies in addition to CBDCs, including a digital rouble.
The Central Bank of Russia has published detailed plans for two separate methods of creating digital roubles and other state-backed currencies. They expect to begin...