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UAE Plans to Launch Digital Dirham CBDC, Integrated Wallet in Q4 2025
The UAE is among many nations that is preparing to launch its CBDC in the future. Earlier this week, the Central Bank of the UAE said its Digital Dirham CBDC will be launched for retail use later this year. The CBUAE said that the digital dirham will be able to facilitate tokenisation and expand access to liquidity through fractionalisation.
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South Korea’s Central Bank to Start CBDC Trials for Real-World Transactions: Reports
South Korea is set to begin testing the Digital Won CBDC for real-world transactions in April, according to local reports citing the Bank of Korea (BoK). The programme will evaluate blockchain technology’s role in finance while allowing the BoK to assess its potential for reshaping the country’s fintech ecosystem.
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South Korea’s Central Bank Dismisses Bitcoin as Reserved Asset Citing Uncertainty, Risks: Report
The Bank of Korea (BoK) has reportedly said that Bitcoin’s volatility is a matter of risk and concern for the country’s national stability. The BoK said that it had not even begun to review the possibility of having Bitcoin as a reserved asset alongside gold and fiat currencies among other securities.Â
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RBI Assigns CBDC Expansion Targets to Banks, Aims for 1 Million Daily Transactions by December: Report
The RBI, in order to accelerate number of CBDC transactions, is reportedly giving targets to banks to facilitate a minimum number of transactions in the form of the eRupee. Under RBI’s directions, Indian banks will now do their bit to ensure that select users get to process eRupee transactions for daily purchases.
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Turkey Joins China, India in Marking CBDC Milestones on Wider Scale Before 2022 Wraps Up
The Central Bank of the Republic of Turkey (CBRT), that started its CBDC trials earlier this year, has completed its first phase before the end of year 2022. Turkey’s CBDC is named the Digital Turkish Lira. The nation plans to continue the studies on the economic and legal framework around CBDCs next year.
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Bank of Korea's 2nd Phase of CBDC Tests Reveal Limitations in Blockchain Technology
The Bank of Korea (BOK) said Monday it has found some technical "restrictions" standing in the way of the introduction of a central bank digital currency (CBDC) as it has completed a mock test on the feasibility of the new form of digital money.
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US Charges North Korean Hacker in Sony, WannaCry Cyber-Attacks
Park Jin Hyok worked as part of a team of hackers, also known as the Lazarus Group, to try to breach multiple other US businesses, according to the complaint.
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Bitcoin Surge Stirs Up Worries About A Bubble
The digital currency revolution and Bitcoin in particular have drawn attention from the Prime Minister of South Korea to Federal Reserve nominee Jay Powell to academics, central banks, and JPMorgan Chase chairman Jamie Dimon
-
Asia Stocks, Bonds Suffer Central Bank Anxiety Attack
Asian shares skidded on Monday with investors rattled by rising bond yields and talk the Federal Reserve might be serious about lifting US interest rates as early as next week.
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Sensex Falls Tracking Regional Markets; Yes Bank Drags
Indian shares fell on Friday, tracking weak regional equity markets, as investors booked profits following reports of a nuclear test in North Korea and amid uncertainty over the European Central Bank's (ECB) future policy steps.
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Asia Shares Retreat, Euro Subdued on ECB Stimulus Bets
Asian shares fell and the dollar held near an eight-and-a-half-month peak on Friday, while the euro hovered around seven-month lows on expectations of additional stimulus from the European Central Bank next week.
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South Korea Economy Rebounds After MERS Outbreak
A rebound in consumer spending following the end of a national health scare over an outbreak of the MERS virus saw South Korea's economic growth accelerate to a five-year high in the third quarter.
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World to Fed: We're Prepared for US Rate Hike, So Don't Delay
Central bankers from around the world are telling their American counterparts that they are ready for a US interest rate hike and would prefer that the Federal Reserve make the move without further ado.
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Asian Central Banks Hold Nerve After China Depreciation
Some of the angst in Korea is over the how uncompetitive the won is against export competitorJapan, where the yen has been pushed down 50 per cent against the dollar since 2012 as part of the government's growth strategy.
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Shock of Ferry Sinking Slows South Korea Economy
South Korea's economic growth hit its lowest level in three quarters after a deadly ferry sinking dented consumer spending, the central bank said Thursday.
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UAE Plans to Launch Digital Dirham CBDC, Integrated Wallet in Q4 2025
The UAE is among many nations that is preparing to launch its CBDC in the future. Earlier this week, the Central Bank of the UAE said its Digital Dirham CBDC will be launched for retail use later this year. The CBUAE said that the digital dirham will be able to facilitate tokenisation and expand access to liquidity through fractionalisation.
-
South Korea’s Central Bank to Start CBDC Trials for Real-World Transactions: Reports
South Korea is set to begin testing the Digital Won CBDC for real-world transactions in April, according to local reports citing the Bank of Korea (BoK). The programme will evaluate blockchain technology’s role in finance while allowing the BoK to assess its potential for reshaping the country’s fintech ecosystem.
-
South Korea’s Central Bank Dismisses Bitcoin as Reserved Asset Citing Uncertainty, Risks: Report
The Bank of Korea (BoK) has reportedly said that Bitcoin’s volatility is a matter of risk and concern for the country’s national stability. The BoK said that it had not even begun to review the possibility of having Bitcoin as a reserved asset alongside gold and fiat currencies among other securities.Â
-
RBI Assigns CBDC Expansion Targets to Banks, Aims for 1 Million Daily Transactions by December: Report
The RBI, in order to accelerate number of CBDC transactions, is reportedly giving targets to banks to facilitate a minimum number of transactions in the form of the eRupee. Under RBI’s directions, Indian banks will now do their bit to ensure that select users get to process eRupee transactions for daily purchases.
-
Turkey Joins China, India in Marking CBDC Milestones on Wider Scale Before 2022 Wraps Up
The Central Bank of the Republic of Turkey (CBRT), that started its CBDC trials earlier this year, has completed its first phase before the end of year 2022. Turkey’s CBDC is named the Digital Turkish Lira. The nation plans to continue the studies on the economic and legal framework around CBDCs next year.
-
Bank of Korea's 2nd Phase of CBDC Tests Reveal Limitations in Blockchain Technology
The Bank of Korea (BOK) said Monday it has found some technical "restrictions" standing in the way of the introduction of a central bank digital currency (CBDC) as it has completed a mock test on the feasibility of the new form of digital money.
-
US Charges North Korean Hacker in Sony, WannaCry Cyber-Attacks
Park Jin Hyok worked as part of a team of hackers, also known as the Lazarus Group, to try to breach multiple other US businesses, according to the complaint.
-
Bitcoin Surge Stirs Up Worries About A Bubble
The digital currency revolution and Bitcoin in particular have drawn attention from the Prime Minister of South Korea to Federal Reserve nominee Jay Powell to academics, central banks, and JPMorgan Chase chairman Jamie Dimon
-
Asia Stocks, Bonds Suffer Central Bank Anxiety Attack
Asian shares skidded on Monday with investors rattled by rising bond yields and talk the Federal Reserve might be serious about lifting US interest rates as early as next week.
-
Sensex Falls Tracking Regional Markets; Yes Bank Drags
Indian shares fell on Friday, tracking weak regional equity markets, as investors booked profits following reports of a nuclear test in North Korea and amid uncertainty over the European Central Bank's (ECB) future policy steps.
-
Asia Shares Retreat, Euro Subdued on ECB Stimulus Bets
Asian shares fell and the dollar held near an eight-and-a-half-month peak on Friday, while the euro hovered around seven-month lows on expectations of additional stimulus from the European Central Bank next week.
-
South Korea Economy Rebounds After MERS Outbreak
A rebound in consumer spending following the end of a national health scare over an outbreak of the MERS virus saw South Korea's economic growth accelerate to a five-year high in the third quarter.
-
World to Fed: We're Prepared for US Rate Hike, So Don't Delay
Central bankers from around the world are telling their American counterparts that they are ready for a US interest rate hike and would prefer that the Federal Reserve make the move without further ado.
-
Asian Central Banks Hold Nerve After China Depreciation
Some of the angst in Korea is over the how uncompetitive the won is against export competitorJapan, where the yen has been pushed down 50 per cent against the dollar since 2012 as part of the government's growth strategy.
-
Shock of Ferry Sinking Slows South Korea Economy
South Korea's economic growth hit its lowest level in three quarters after a deadly ferry sinking dented consumer spending, the central bank said Thursday.
