Tag: Digital

China Digital Yuan Interest Plan Starts Jan 2026

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China’s central bank is rolling out a new framework for the digital yuan that will allow commercial banks to pay interest on e-CNY wallet balances starting Jan. 1, 2026, a move officials say will push the central bank digital currency (CBDC) beyond its original role as a cash substitute. The new CBDC framework will allow banks to treat the digital yuan as part of their asset-liability operations, Lu Lei, a deputy governor of the People’s Bank of China, wrote in a PBOC-affiliated China Financial News article republished by Sina Finance…

China unveils new action plan for digital yuan management

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Key Takeaways The PBOC has issued an Action Plan to strengthen governance and infrastructure for the digital yuan. The new framework and mechanism for digital yuan management will be effective from January 1. Share this article China’s central bank, the People’s Bank of China (PBOC), has released an action plan for the digital yuan, setting January 1, 2026, as the start date for a revamped governance structure, operational model, and supporting ecosystem, according to local media. The digital yuan is China’s central bank digital currency, built for both retail and…

DTCC taps Canton Network, Digital Asset to tokenize US Treasuries

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Key Takeaways DTCC selected Canton Network for its privacy-focused blockchain tokenization initiatives. The move highlights DTCC’s commitment to modernizing market infrastructure using distributed ledger technology. Share this article The Depository Trust & Clearing Corporation (DTCC) has partnered with Digital Asset and the Canton Network to enable the tokenization of US Treasury securities custodied by the Depository Trust Company (DTC), according to a Wednesday press release. The strategic collaboration marks DTCC’s first step towards making DTC-custodied assets available on-chain. The Wall Street giant was authorized last week to operate a real-world…

Crypto.com teams up with Dubai’s trade powerhouse to explore tokenised commodities and digital infrastructure

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Key Takeaways Crypto.com and DMCC have partnered to advance tokenised commodities infrastructure using blockchain technology. The collaboration aims to reduce settlement friction, improve transparency, and broaden access to global commodity markets. Share this article Crypto exchange Crypto.com is collaborating with DMCC, Dubai’s leading business hub and trade center, to advance the use of tokenised real-world assets across global commodities markets. As part of a newly signed Memorandum of Understanding, the partnership will explore blockchain-based solutions designed to modernize how commodities are financed, traded, and settled, with a focus on improving…

Visa unveils stablecoin-focused advisory group to guide banks and fintechs on digital assets

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Key Takeaways Visa launched a Stablecoins Advisory Practice to help banks and fintechs develop and implement stablecoin strategies. Visa has over 130 stablecoin-linked card programs globally and over $3.5 billion in annual stablecoin settlement volume. Share this article Visa has set up a team to support businesses with strategy, operations, and implementation of stablecoins, according to a Monday press release. The service, called Stablecoins Advisory Practice, operates under Visa Consulting & Analytics and is designed to help banks, fintechs, merchants, and businesses assess market fit, develop strategy, and implement stablecoin-based…

UAE’s Layered Digital Asset Strategy

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The United Arab Emirates is not choosing between Bitcoin and broader crypto. Instead, it is deliberately building both, in different cities and for different stages of adoption. Abu Dhabi, the capital of the UAE, has positioned itself as a hub for Bitcoin (BTC)-focused institutional infrastructure, emphasizing custody, over-the-counter (OTC) liquidity, mining and regulated capital markets. Dubai, by contrast, has built a broader crypto economy that spans payments, stablecoins, Web3 apps, gaming, tokenization and consumer-facing products.  While this shows a distinction, industry participants noted that it reflects a layered strategy and…

CFTC withdraws outdated crypto delivery guidance amid broader digital asset reform

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Key Takeaways The CFTC has withdrawn outdated guidance on the actual delivery of virtual currencies. This decision aligns with broader digital asset reforms and aims to foster innovation while ensuring market safety. Share this article The Commodity Futures Trading Commission has withdrawn outdated guidance on the “actual delivery” of virtual currencies, citing major developments in crypto markets since the rules were introduced. “Actual delivery” refers to when a buyer obtains full control of a digital asset, such as custody in a personal wallet, without interference or control by a third…

UAE telecom group e& to trial dirham-backed stablecoin payments across digital services

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Key Takeaways e& UAE is piloting AE Coin, a stablecoin pegged to the UAE dirham, for everyday consumer payments. The initiative follows a partnership between e& and Al Maryah Community Bank to advance digital asset payment solutions. Share this article UAE telecom giant e& is testing a dirham-backed stablecoin called AE Coin for everyday payments after signing a memorandum of understanding with Al Maryah Community Bank. The initiative will integrate AE Coin into e& UAE’s infrastructure, enabling customers to use it for bill payments, recharges, self-service kiosks, and future e-commerce…

Anchorage Digital to issue OSL’s USDGO stablecoin under U.S. federal bank charter

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Key Takeaways Anchorage Digital will issue OSL’s USDGO stablecoin under a U.S. federal bank charter. USDGO aims to provide compliant, multi-chain, and instant cross-border settlements fully backed by U.S. Treasuries. Share this article Anchorage Digital, the only federally chartered crypto bank in the U.S., will issue USDGO, a new dollar-backed stablecoin developed by OSL Group, Asia’s leading stablecoin platform. The partnership enables the issuance of fully regulated, multi-chain stablecoins under U.S. banking supervision. USDGO will launch with 1:1 backing in U.S. Treasuries, full AML/KYC compliance, and issuance support across blockchains.…

Galaxy Digital opens office in Abu Dhabi to expand UAE presence

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Key Takeaways Galaxy Digital is establishing a new office in Abu Dhabi to strengthen its presence in the UAE and the broader Middle East. The move highlights Abu Dhabi’s ADGM as a growing hub for digital asset innovation and a supportive regulatory environment. Share this article Galaxy Digital announced today it is opening an office in Abu Dhabi under the Registration Authority of ADGM, the international financial center of the UAE’s capital. The new office, based in the heart of ADGM, deepens the company’s global footprint across three continents. Bouchra…