India plans to unveil digital rupee in 2023
The Indian government has revealed it plans to launch a digital rupee in 2023 to deal with the growing demand for digital transactions in the country.
BitBuy relies on Eventus for trade surveillance
Eventus Systems, provider of multi-asset class trade surveillance and market risk solutions for customer bases such as broker-dealers, banks and crypto exchanges, has gained its first Canadian client, BitBuy.
UK lawmakers underline key stability and privacy risks of CBDCs
A report by the House of Lords’ Economic Affairs Committee has warned how a digital pound could harm financial stability, raise credit costs and erode privacy.
North Korean cybercriminals stole almost $400m worth of digital assets in 2021
Research by Chainalysis has found North Korean cybercriminals stole close to $400m worth of digital assets across at least seven cyberattacks last year.
HKMA proposes bank-like regulations on stablecoins
The Hong Kong Monetary Authority (HKMA) has called for the regulation of fiat-currency backed stablecoins similar to that of banks.
Why PayPal may be next to enter the stablecoin market
PayPal has confirmed it is looking into developing PayPal Coin, a dollar-backed stablecoin as it looks to expand its footprint in the cryptocurrency space.
UK parliament launches crypto advocacy group
The UK parliament has launched a cross-party group of lawmakers to create a framework to regulate digital asset markets, a report by the Financial...
RBI launches Fintech department to deal with Crypto, CBDC challenges
The Reserve Bank of India (RBI) has created a new Fintech department to deal with key challenges in the burgeoning sector.
Cryptocurrency-based crime reached a new high in 2021
A report by Chainalysis has found illicit addresses received $14bn in deposits during 2021, which was almost twice the amount they collected in 2020.
Could 2022 be the year of the CBDC?
With the rise of cryptocurrencies showing no signs of slowing down, the growth of central bank digital currencies (CBDC) appears to be another trend on the ascendancy. Will 2022 prove to be a red-letter year for CBDC adoption?
