Jay Hunter, Palau Ministry of Finance member and head of digital residency program, took to X (previously Twitter) to announce that the federal government will stop the distribution of the Palau Stablecoin (PSC) on the distribution halt, the…
pilot
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Regulation
Russian central financial institution to launch digital ruble pilot Aug. 15
by Jeremyby JeremyWhat’s CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and Be taught extra ›Linked to AlphaWelcome! 👋 You might be linked to CryptoSlate To handle your pockets connection, click on the button essential to…
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Bitcoin NewsNews
Digital Greenback Challenge completes CBDC retail remittance pilot with Western Union
by Jeremyby JeremyThe venture used a model of the DDP’s Champion In it, a simulated central financial institution issued CBDCs to an middleman financial institution, which supplied entry to it to Western Union (WU) for remittance to a BDO Unibank buyer…
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Altcoin NewsNews
South Korea to pilot CBDC in certainly one of these three cities, not Seoul
by Jeremyby JeremyOn July 31, it was confirmed that the Financial institution of Korea has chosen Jeju, Busan and Incheon as its candidates for the “non-public goal CBDC check in accordance with the report, the financial institution plans to pick out…
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Altcoin NewsNews
USD-backed stablecoin pilot mission launched by Pacific island nation of Palau
by Jeremyby JeremyThe nation will launch the primary Palau Stablecoins (PSCs) within the pilot mission to authorities This comes after a number of days of testing utilizing volunteers to make purchases with numerous The PSC, nicknamed the Kluk, presumably on…
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Bitcoin NewsNews
South Korean Shinhan Financial institution completes stablecoin remittance pilot with Asian companions
by Jeremyby JeremyThe undertaking carried out real-time settlement and overseas alternate integration with the banks’ nationwide currencies on the Hedera The undertaking was suitable with the Ethereum Digital Machine (EVM), opening it up to make use of by a number of…
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Exchanges
Brazilian CBDC pilot supply code consists of strategies to freeze, drain wallets
by Jeremyby JeremyRegarding capabilities “- disableAccount: Disables an account approved to switch – enableAccount: Allows a beforehand disabled account for token – increaseFrozenBalance: Will increase the frozen steadiness of a pockets – decreaseFrozenBalance: Decreases the frozen steadiness of a…
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Altcoin NewsNews
Brazil’s CBDC pilot accommodates code that may freeze or scale back funds, dev claims
by Jeremyby JeremyHe has since argued, nonetheless, that there might be conditions that such capabilities might be supply code of the Actual Digital pilot challenge was posted on GitHub portal on July 6 by Brazil’s prime financial It was defined on…
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Bitcoin NewsNews
Japanese and Singaporean regulators be a part of forces on crypto pilot venture
by Jeremyby Jeremy“The venture goals to check the feasibility of purposes of digital applied sciences similar to asset tokenization by pilot experimentations, whereas managing dangers to monetary stability and Present trade pilots embrace fastened earnings, international trade, and asset & wealth…