Central bank digital currencies

By the close of this decade, as many as 15 central bank digital currencies (CBDCs) might be operational worldwide, according to a survey conducted by the Bank for International Settlements (BIS). The Switzerland-based institution, which is under the ownership of 63 central banks accounting...

In a bid to promote financial freedom and innovation, U.S. presidential candidates from different parties are throwing their weight behind Bitcoin (CRYPTO: BTC) and related technologies. Democrat candidate Robert F. Kennedy Jr., in an interview with The New York Post, pledged his commitment to...

Tokenization, a technique through which real-world assets are transformed into blockchain-based tokens, could unlock a mammoth market potential of around $5 trillion within the next half-decade, according to a new report by Bernstein. The report, released on Tuesday, emphasized that this explosive...

The Reserve Bank of India (RBI) has expressed its intent to broaden the global discourse on cryptocurrencies, aiming to go beyond just "financial stability and integrity" and delve into the "macro-financial and cross-sectoral implications and risks of crypto-assets." This...

India and UAE have signed a Memorandum of Understanding (MoU) to collaborate on developing digital currencies. What Happened: The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) signed the MoU in Abu Dhabi on Monday. The MoU focuses on exploring various emerging...

The argument that cryptocurrencies are a viable alternative to fiat currency has been settled in the wake of the digital-asset sector's recent turmoil, with technology not being an alternative for "trusted" money, according to the Bank for International Settlements' Agustín...

Global payment giant PayPal Holdings Inc (NASDAQ: PYPL) invested a considerable portion of its financial liabilities in cryptocurrencies such as Bitcoin, as revealed in its recent annual report filed with the U.S. Securities and Exchange Commission (SEC) on Friday. The report stated ...