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Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2

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e-HKD Phase 1 trial was dedicated to full-fledged payments, programmable payments, offline payments, tokenized deposits, settlement of Web3 transactions and settlement of tokenized assets.

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Coin Market

US regulators push user ID requirements for stablecoin issuers akin to regulated banks

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The proposed rules by US government agencies suggested that stablecoin issuers be subject to customer identification program requirements under the Bank Secrecy Act, the same as regulated financial firms.

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Bitcoin decouples from tech stocks: Is $60K BTC’s next stop?

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Bitcoin’s slump accelerated as capital rotated further into the AI sector, raising the odds of a BTC price drop below $60,000.

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Custodia, Vantage propose token that toggles between bank deposits and stablecoins

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The proposed system aims to connect traditional banking infrastructure with blockchain-based payment networks with banks retaining customer deposits.

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