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Top Japanese bank MUFG introduces new stablecoin platform

Mitsubishi UFJ Financial Group, Japan’s largest financial group, is working hard to take the lead in stablecoin development, launching a proprietary stablecoin project.On Wednesday, MUFG introduced its stablecoin platform called “Progmat Coin,” a blockchain-based system for issuing and managing stablecoins pegged on a 1:1 ratio to the Japanese yen.The platform aims to enable a … [Read more...] about Top Japanese bank MUFG introduces new stablecoin platform

Russian central bank registers nation’s first digital asset manager

The Bank of Russia has registered tokenization service Atomyze as the country’s first digital asset management company, the central bank officially announced Thursday.According to the announcement, the Bank of Russia has formally deemed the rules of the company’s information system and the platform’s technical implementation as being compliant with the Russian law.The … [Read more...] about Russian central bank registers nation’s first digital asset manager

Central Bank of Jordan reveals CBDC plans

Central Bank of Jordan (CBJ) has revealed that it is researching issuing a digital currency. The central bank digital currency (CBDC) would be linked to the Jordanian dinar and have legal standing.Adel Al Sharkas, the governor of CBJ, has reportedly stated that his institution is researching the option of creating a legal digital currency. He also predicted that cryptocurrency … [Read more...] about Central Bank of Jordan reveals CBDC plans

Uniswap founder’s bank account shut down by JP Morgan Chase, shadow-debanking allegations surface

On Sunday, Hayden Adams, CEO and founder of popular decentralized exchange, or DEX, Uniswap (UNI), claimed that his JP Morgan Chase bank accounts were shut down with no explanation. In addition, Adams stated that the incident was personal in nature as he knew "many individuals and companies who have been similarly targeted simply for working in the crypto industry." This week … [Read more...] about Uniswap founder’s bank account shut down by JP Morgan Chase, shadow-debanking allegations surface

Iran to reportedly pilot central bank digital currency soon

The Central Bank of Iran (CBI) is reportedly planning to launch a central bank digital currency (CBDC) pilot soon.According to a report by the Iranian Labour News Agency, the CBI vice governor said that CBDCs could help the country resolv financial inconsistencies. The development of a sovereign digital currency in Iran began in 2018 at the Informatics Services Corporation — … [Read more...] about Iran to reportedly pilot central bank digital currency soon

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Recent Posts

  • Zilliqa’s New Tipping Bot Avails ZIL to 400M Telegram Users
  • True benefits of Polkadot’s Parachain concept are about to be revealed, taunts DFG Founder James Wo
  • Top Japanese bank MUFG introduces new stablecoin platform
  • NFT prices misfire as OpenSea daily active user volume drops 30% in a week
  • Alchemy Pay gains 77% after exchange listings and cross-chain integrations

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