How DeFi can kickstart a sustainable post-pandemic economy
Decentralized finance has not yet done much real-world good, writes Ben Sheppard. But putting it to work on small infrastructure projects can do just that.
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Australian Aboriginal sovereign CBDC up and running
In a first for the country, the Sovereign Yidindji Government in Australia has issued a CBDC with its first transaction occurring this week.
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Crypto adoption may rise as industry self-regulates
Crypto regulations are lagging the market’s needs, and the industry should help create order to gain greater public trust, writes Imgesu Cetin of Defy Trends.
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Territory in northeastern Australia launches own CBDC
The Sovereign Yidindji Government (SYG) in northeastern Australia has released a central bank digital currency (CBDC) and a digital ID system on blockchain wallet network MetaMUI. Fast facts The Aboriginal people of Yidindji have lived in the territory for over 60,000 years and in 2014 established the SYG. The SYG and the Australian government, including…
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Japan must cooperate with Europe, US on CBDC, BOJ says
The Bank of Japan’s (BOJ) chief called on the U.S. and Europe to cooperate on creating a global technical standard for a central bank digital currency (CBDC), Reuters reported on Friday. Fast facts The central bank has not made a decision on the issuance of a CBDC, but has conducted experiments while deliberating on the…
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S.Korea crypto market growing but needs promotion, not just regulation: BCG
Boston Consulting Group (BCG), one of the Big Three global management consulting firms, says the South Korean crypto market will be worth around 1,000 trillion won (about US$835 billion) in 2026, while calling for a brand new regulatory framework. Fast facts The number comes from BCG Korea’s Future of Asset 2022 report, which said South…
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Pakistani bank to customers: halt crypto transactions
One of the largest private banks in Pakistan has asked customers to avoid conducting cryptocurrency transactions through its banking channels, according to multiple media reports. Fast facts Bank Alfalah reportedly has sent SMS alerts to users informing them that cryptocurrencies are not legal tender and no entity is authorized to provide related services in the…
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Crypto.com inks AU$27M deal with the Australian Football League
Singapore-based exchange Crypto.com has struck a five-year AU$27 million (US$19.5) sponsorship with the Australian Football League’s (AFL) men’s and women’s (AFLW) competitions on Tuesday. Fast facts The deal is the first sponsorship from a crypto firm in Australia for a major sporting league, and the first major women’s sporting league sponsorship for Crypto.com. Australian rules football…
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Blockchain to enhance water supply chains in northern Australia
A new project in northern Australia is using blockchain technology to improve supply chains in the water market in one of the first applications of its kind. Fast facts More than 1,000 farmers in the northeastern state of Queensland have partnered with blockchain firm Civic Ledger and other groups for the project to address growing…