Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit – Finance Bitcoin News

Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has …

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China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs – Finance Bitcoin News

The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish …

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Russia to begin work on CBDC settlement system in Q1 as sanctions endure: Report

Russia’s central bank is reportedly set to begin developing a cross-border settlement system using its Central Bank Digital Currency (CBDC) amid ongoing sanctions in response …

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China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies – Finance Bitcoin News

The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions …

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Western Union Suspends Operations in Russia, Belarus Over Ukraine War – Bitcoin News

Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in …

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Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector – Finance Bitcoin News

The central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border …

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Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials – Bitcoin News

Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city …

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3 Reasons Why Payment Service Platforms Switch to Blockchain, Facilitating the Adoption of the Tech

May 16, 2021 at 11:30 // News Several giant payment service providers are flocking to using encrypted decentralized technologies including blockchain to create payment platforms …

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