cbdc

Republic of Palau to Create CBDC With Ripple
Republic of Palau to Create CBDC With Ripple

The Republic of Palau will develop its own CBDC in partnership with Ripple. The country will also explore other use cases with the XRP Ledger. Palau is a country in Oceania composed of 500 islands.  The Republic of Palau is one of the newest countries to join the fray in the creation of a central bank digital currency (CBDC). For this endeavor, the country has partnered with fintech firm Ripple. As part of the partnership, Ripple will aid Palau in creating a digital currency backed in US dollars. Also, the country will explore better infrastructure options for cross-border payments.  According

1 min read
India to Ban Private Cryptocurrencies, Develop CBDC
India to Ban Private Cryptocurrencies, Develop CBDC

India intends to ban private cryptocurrencies. Bitcoin, Ethereum, and other major currencies are public currencies and are not part of the ban. India will also create its own central bank digital currency. India has recently revealed a crypto bill that aims to ban all private cryptocurrencies starting November 29. The news sent a tumble in the price of major cryptocurrencies like Bitcoin and Ethereum on India-based crypto exchanges. However, the Indian market’s panic may be unfounded, as the bill will not target most cryptocurrencies. Specifically, the bill will ban only private cryptocurrencies. What Is a Private Cryptocurrency? For those who

2 mins read