Ripple has received in-principle regulatory approval from Singapore’s Monetary Authority to offer digital asset payments and token products, highlighting the city-state’s innovation-focused approach. This approval paves the way for Ripple’s subsidiary, Ripple Markets Asia Pacific, to scale its On-Demand Liquidity service in the region and support forward-thinking customers exploring blockchain technologies.
Search Results for: Banco de la República
IMF’s Support for CBDCs: Will Ripple’s XRP Play a Key Role in Global Interoperability?
The IMF offers support to governments in developing Central Bank Digital Currencies (CBDCs) and creating a global platform for CBDC interoperability. Ripple Labs explores CBDC use cases, aided by the recognition of XRP’s cross-border payment capabilities by the IMF. Concerns arise as CBDCs development could lead to increased centralization and surveillance.
Ripple’s CBDC Platform: Revolutionizing Colombia’s Payment Systems or Facing Challenges?
Ripple Labs Inc partners with Colombia’s Central Bank and other entities to explore Central Bank Digital Currency (CBDC) use cases through Ripple’s CBDC Platform, based on XRPLedger technology. This collaboration aims to revolutionize payment systems and data management by improving efficiency, security, and transparency in the public sector.
US House Committee Seeks Crypto Clarity Amid SEC Contradictions and Offshore Exodus
The U.S. House Financial Services Committee aims to clarify digital asset regulations amid contradictory actions from SEC Chair Gary Gensler. As U.S.-based crypto firms consider moving offshore due to regulatory crackdowns, upcoming hearings will address regulatory gaps and potential coordinated efforts by regulators for “Operation Choke Point 2.0” to de-bank the crypto market.
Colombia’s Central Bank and Ripple Explore Blockchain Benefits: Pros, Cons and Conflicts
Colombia’s central bank, Banco de la República, partners with Ripple and MinTIC in a blockchain experimentation phase aimed at enhancing the national high-value payments system. Despite potential benefits, concerns about overdependence and centralization of power remain.
Argentina’s Path to Economic Stability: Central Bank Digital Currency or Cryptocurrency Adoption?
Argentina’s Central Bank is endorsing a proposal for a Central Bank Digital Currency, referred to as the ‘digital peso’, as a solution to escalating inflation. Through blockchain technology, the use of this digital currency would offer operational traceability and potentially broaden the tax base without heightening tax rates.