Days After Arresting Do Kwon, Montenegro Wants To Develop A CBDC With Ripple
Days after the arrest of Do Kwon, the founder of Terra Labs, on fraud charges, Montenegro announced its intention to develop a central bank digital currency (CBDC) in partnership with Ripple, a blockchain company. Montenegro Partners With Ripple For CBDC Montenegro has expressed interest in digital currencies and approached Ripple to develop a pilot program and […]
Related News
Ethereum co-founder Vitalik Buterin has been granted Montenegrin citizenship. Buterin joins other members of the crypto community with global experience who have been invited to help the small Southeast European nation attract investments and develop its blockchain sector. Vitalik Buterin Obtains Montenegrin Passport Prominent crypto figure Vitalik Buterin is now a citizen of Montenegro, the country’s public service broadcaster revealed this week. Radio Televizija Crne Gore (RTCG) quoted an official announcement from the Ministry of Finance and Social Welfare in Podgorica.....
Payment solution company Ripple will join the Digital Pound Foundation to develop a Central Bank Digital Currency (CBDC) for the United Kingdom. The company will become a foundation member and will be represented in its board by their Head of Policy Susan Friedman, according to an official post. Related Reading | David v. Goliath, How […]
Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST). Do Kwon Shut Down Terraform Labs Korea Before UST and LUNA Fallout Terraform Labs founder Do Kwon reportedly closed down his company in Korea days before the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). According to South Korea’s supreme court registry office, Terraform Labs Korea decided to dissolve its Busan headquarters and Seoul branch at the general shareholders....
Ripple, in partnership with The Royal Monetary Authority of Bhutan, will start trials for a digital Ngultrum. The San Francisco-based company will integrate its distributed ledger technology into Bhutan’s existing payment system with the help of its CBDC Private Ledger product. Related Reading | Ripple and XRP: The Complete Guide The leading provider of enterprise […]
The Ministry of Digital Transformation of Ukraine has picked the Stellar Development Foundation (SDF) to develop its central bank digital currency project (CBDC). Ukraine Picks Stellar Foundation to Develop Its Central Bank Digital Currency and National Virtual Asset Strategy According to the official announcement, both parties signed a “Memorandum of Understanding” to deploy Ukraine’s crypto strategy. The National Bank of Ukraine has been exploring CBDC’s for some time, there are reports on the matter since 2016. The agreement will also strengthen the....