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Jamaica’s Transportation Sector Aims for Digital Transformation with Jam-Dex

Jamaica’s pursuit of digital financial transformation is gaining momentum, and its very own Central Bank Digital Currency (CBDC), Jam-Dex, is playing a pivotal role in this change. Recent developments indicate that bus and taxi drivers in the transportation sector are …
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Ripple Labs’ UBRI Initiative: Driving CBDC Research and Canadian Expansion

In a recent Twitter revelation by Wrathof Kahmeman, a prominent figure in the XRP community, an intriguing development regarding Ripple Labs’ UBRI initiative came to light. This revelation highlighted the University of Waterloo’s recent CBDC research based on the XRPL …
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1inch Investment Fund Acquires 6,088 ETH for $10 Million Amidst Depressed Prices

A crypto wallet affiliated with 1inch Investment Fund has made a noteworthy purchase of 6,088 Ether (ETH), equivalent to $10 million, as per data provided by Lookonchain, a prominent blockchain analysis platform. This strategic move raises questions about the rationale …
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GOP Leaders Accuse Fed Of Undermining Stablecoin Regulatory Progress

Leading Republican House Financial Services Committee members have recently expressed deep concerns over actions taken by the Federal Reserve Board (Fed), which they believe undermine the progress made by Congress in establishing a regulatory framework for payment stablecoin. In a …
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South Korea Strengthens Consumer Protection Measures in Crypto Exchanges

South Korea, known for its active crypto market, is taking proactive steps to bolster consumer protection within the sector. As of September, the country’s native crypto exchanges will be required to maintain a minimum reserve of 3 billion won ($2.3 …
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PayPal’s PYUSD Stablecoin: Overcoming Centralization Challenges for Broader Adoption

The entry of PayPal into the stablecoin arena with its PYUSD stablecoin initially sparked intrigue, positioning itself as a potential rival to the likes of Circle and Tether. However, the journey of this nascent stablecoin has been fraught with challenges, …

