News

Australia’s government, under Prime Minister Anthony Albanese, has initiated a regulatory framework for the digital asset sector. This framework zeroes in on licensing rules for major cryptocurrency platforms, specifically exchanges and stablecoins, and addresses debanking issues within the industry. Major crypto platforms now need to secure an Australian Financial Services Licence. Smaller businesses not involved … Read more

The European Central Bank (ECB) is rapidly advancing the development of a digital euro in light of growing geopolitical tensions that expose weaknesses in Europe’s financial systems. Chief Economist Philip Lane stresses the urgency of introducing a central bank digital currency (CBDC) to reduce Europe’s dependency on external payment systems and mitigate risks associated with … Read more

The Central Bank of Russia is making strides toward a cashless economy with its digital ruble pilot program in the Tatarstan region. This effort involves testing smart contracts to manage the conditional use of funds for specified objectives. The Ministry of Finance of Tatarstan actively collaborates with the Central Bank of Russia (CBR) to execute … Read more