UAE Executes First Digital Dirham Transfer through mBridge CBDC Platform
The UAE central bank used the mBridge CBDC technology to execute its first cross-border digital dirham transfer.
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Latest firstCoinCodeCap WeekInFocus: January 28, 2024
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
Shanghai’s Ambitious Roadmap: Unveiling Extensive Plans for Digital Yuan Pilot Projects
Numerous pilot projects for the digital yuan, China's pilot CBDC is part of a modernization plan for Shanghai's Pudong New Area.
BIS Unveils Ambitious 2024 Roadmap with CBDCs and Tokenization Projects
The BIS Innovation Hub will introduce a blockchain-based tokenization project and move forward with the second phase of its CBDC privacy testing.
Bank of Spain Advances CBDC Exploration, Announces Key Partnerships for Testing
The Central Bank of Spain has selected its partners for the CBDC experiment one year after releasing an open request for partners.
Central Bank of Nigeria Approves cNGN Stablecoin Trial
Key Takeaways In a significant move, the Central Bank of Nigeria (CBN) has granted its approval for the Africa Stablecoin Consortium (ASC) to initiate a trial of the cNGN stablecoin within the regulatory sandbox. The official launch of the stablecoin…
Palau Accelerates CBDC Implementation in Collaboration with Ripple: Unveiling Phase 2 of the PSC Program
The nation's Ministry of Finance formally inaugurated the second phase of the Palau Stablecoin (PSC) initiative.
South Korea Exempted NFTs and CBDCs from Crypto Interest Mandate
Investors in digital assets must get interest when depositing their cash into an exchange by July 2024, according to a notification released by the FSC.
UK House of Commons Advocates Deeper Exploration of CBDC Viability and Risks
The House of Commons Parliamentary Committee has requested that more consultations be conducted to ascertain the advantages of introducing a digital pound.
Standard Chartered Takes Part in China’s e-CNY Pilot Testing
One of the first international banks to test China's digital yuan CBDC, the e-CNY, is the multinational British bank Standard Chartered.