Several banks in the Philippines are working together to create a peso-backed stablecoin, PHPX, aimed at improving cross-border payments and financial inclusion. The PHPX token is scheduled to launch between May and July.The PHPX stablecoin, develope
Hong Kong has set up a “supervisory incubator” to facilitate banks to properly adopt blockchain technology as the region continues its drive to become a crypto hub.On Wednesday, the Hong Kong Monetary Authority, the de facto central bank, announced t
The Hong Kong Monetary Authority (HKMA) has launched an initiative to assist banks in adopting distributed ledger technology. On Jan. 8, the Hong Kong central bank announced the launch of its “Supervisory Incubator for Distributed Ledger Technology,”
Sir Tony Blair has endorsed TWIN, a DLT-based digital trade solution deployed by IOTA and its partners, as the key to unlocking Africa’s trade potential. Blair says that IOTA’s technology can “replace outdated, paper-based processes with secure, digi
Piero Cipollone emphasizes regulators' roles in building cryptocurrency capital markets. Tokenization and DLT can overcome barriers to financial integration in Europe. Continue Reading:Piero Cipollone Highlights the Role of Regulators in Building Cap
Piero Cipollone, a member of the European Central Bank’s (ECB) Executive Board, urged Europe to embrace digital assets and distributed ledger technology (DLT) to create an integrated capital markets union. Speaking at the Bundesbank Symposium on the
BeInCrypto’s comprehensive Europe Crypto Roundup covers the latest news and trends shaping the continent’s crypto landscape. With reporters across key markets like Germany, France, and the UK, we provide in-depth insights into evolving regulatory env
TLDR The Bank of England (BoE) plans to conduct experiments with wholesale CBDCs and distributed ledger technology The experiments will test settlement capacity, interoperability, and various transact
The Bank of England (BoE) wants to test distributed ledger technology (DLT) and wholesale central bank digital currencies or CBDC (wCBDC). These experiments will map the dynamics of the payments lands