The Biden administration has just released a framework for the development of digital assets, after receiving the recommendations requested in the March 9 executive order. As with all other nations seeking to regulate digital assets, the framework in the U.S. will focus its efforts primarily on consumer protection, which then becomes primary. The document recommends

The Monetary Authority of Singapore (MAS) is seeking information from cryptocurrency companies ahead of a planned regulatory review. It appears to have forwarded a questionnaire to various applicants and holders of its digital payments licence. The aim is to assess the interconnectedness and financial soundness of cryptocurrency companies under its jurisdiction. Accordingly, it is trying

The Central Bank of Norway is moving forward with its Central Bank Digital Currency (CBDC) project and testing an Ethereum L2 solution. The country, where the use of cash is among the lowest in the world, committed to testing the CBDC last year in April. The Norwegian Central Bank announced that the country would start

A recent survey by the Bank for International Settlements revealed that 90% of central banks globally are working on a digital currency issued by a central bank. Some of them are still in the exploration phase. Others are in the pilot phase and even some have already been launched for use at wholesale or retail