CBDC

South Korea Pauses CBDC Plans as Stablecoins Gain Ground

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Increased market penetration and adoption of stablecoins have put a damper on the South Korean CBDC plans. The country has applied brakes on its CBDC trial program that had been ongoing since April this year in the wake of stablecoin’s resurgence amidst political backing. The Bank of Korea (BoK) confirmed the current state of affairs … Read more

Trump Shelved CBDCs for Stablecoins: But Kyrgyzstan CBDC Is Next Phase of Splinternet

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Trump Shelved CBDCs for Stablecoins: But Kyrgyzstan CBDC Is Next Phase of Splinternet

Kyrgyzstan is entering the world of CBDCs (central bank-backed digital currencies) with President Sadyr Japarov approving the “digital som” for widespread use. With rivals like Russia and Belarus, who are nearing completion of their CBDCs, the race to digitize national currencies is on.  Humor us while we put on our tinfoil hat… ask yourself, are … Read more