Global #Central Bank

As Bolivia grapples with its worst economic crisis in decades, a growing number of citizens are turning to digital assets like Bitcoin and Tether (USDT) to escape rampant inflation and a severe shortage of U.S. dollars.

In a landmark move for South Korea’s financial and digital asset sectors, eight major domestic banks are preparing to launch a joint stablecoin project pegged to the Korean Won (KRW), according to a recent report from Economic Review.

Bitcoin (BTC) adoption in Argentina could take a significant leap forward if a new proposal from lawmaker Martín Yeza gains traction.

At the Second Gulf Investment Forum held in Bahrain on November 3, 2024, Binance founder Changpeng Zhao (CZ) announced significant strides in the kingdom's evolving relationship with cryptocurrencies.

Recent reports indicate that the Central Bank of the UAE has given the green light to a new regulation governing the licensing and supervision of stablecoins. Additionally, a set of policies to bolster the banking, insurance, and financial services sectors has been approved.

The Bank for International Settlements (BIS), which includes 63 central banks and monetary authorities, sees significant potential in the widespread adoption of generative artificial intelligence (AI), a technology that many central banks are increasingly interested in.