The interest in spot Bitcoin ETFs among financial institutions such as banks and brokerages is surging as they push for the Securities and Exchange Commission (SEC) to change the definition of crypto assets. Under the new definition, they would have a bigger role in crypto, such as being Bitcoin ETF custodians. Banks Petition SEC for […]
Big Banks Show FOMO and Seek a Slice of the Bitcoin ETF Action Read More »
Source: dmitriy/Adobe Hong Kong’s government says more banks based in the country are preparing to join Mainland China’s digital yuan pilot. Mainland China’s central bank, the People’s Bank of China (PBoC), wants to expand its CBDC’s cross-border applications. And it seemingly wants even more overseas banks to join the pilot, as it focuses on international
More Hong Kong Banks Set to Join Digital Yuan Pilot, Gov’t Confirms Read More »
Source: AdobeStock China’s e-CNY pilot program is gaining significant attention as three additional banks join the initiative. Reports from local news outlets reveal that Hong Kong-based HSBC Bank, Hang Seng Bank, and Taiwan’s Fubon Bank are already providing access to the Asian giant’s e-CNY central bank digital currency (CBDC) project. This follows the earlier announcement
More Apex Banks Jump on e-CNY Pilot Trial Program – The Rise of Global CBDC Issuance? Read More »
More Russian Banks Say They’ll Join Digital Ruble Pilot – CBDC Advances? Source: Vladimir/Adobe More Russian banks will join the digital ruble pilot, with Center-invest Bank, which mainly operates in the nation’s south, set to trial the CBDC next year. Per Rostov Gazeta, Center-invest Bank has “signed a digital ruble [partnership] agreement with the [CBDC’s]
More Russian Banks Say They’ll Join Digital Ruble Pilot – CBDC Advances? Read More »
Rise in Chinese Banks Issuing Digital Yuan Corporate Loans Source: Vitalii/Adobe More Chinese banks are issuing loans in the digital yuan, the nation’s central bank digital currency (CBDC), as e-CNY corporate financing options diversify. Per Nanhai Net (via Hainan News), the latest development has taken place on the island province of Hainan, in the city
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