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Japan to Trial Digital Yen With Three Megabanks in Early 2023
  • The Bank of Japan will collaborate with three Japanese megabanks on a CBDC with offline functionality starting early next year.
  • The central bank plans to experiment and stress test the potential digital yen for two years, and make a final decision on whether to widely issue it by 2026.
November 23, 2022, 4:48 PM
Bank of Japan headquarters in Nihonbashi, Chūō, Tokyo

Bank of Japan headquarters in Nihonbashi, Chūō, Tokyo. Kaisuke Ota/Nikkei Asian Review

Elrond to Focus on Metaverse Development, Rebrands as MultiversX
  • Blockchain developer Elrond is switching its focus to the metaverse, and in order to reflect that has now rebranded itself as MultiversX.
  • The company has also introduced three new metaverse products, which include a metaverse portal, digital assets holder, and a deployable blockchain module.
November 4, 2022, 4:25 PM
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Meta to Allow NFT Minting and Trading on Instagram
  • Meta will soon offer NFT creators an “end-to-end toolkit” that will enable them to mint and sell their digital collectibles directly on Instagram.
  • The company will add support for the Solana blockchain and Phantom wallet, and further expand its supported blockchains with the addition of Solana.
November 3, 2022, 12:27 PM
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Singapore Completes First DeFi Pilot Using Polygon and Aave
  • The Monetary Authority of Singapore successfully completed a cross-currency transaction using DeFi technology as part of its Project Guardian initiative.
  • Singapore’s DBS Bank, Japan’s SBI Digital, and J.P. Morgan all participated in the trials that were conducted on the Polygon blockchain.
November 2, 2022, 2:58 PM
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Oct 31, 2022
India’s Central Bank to Launch Wholesale CBDC Pilot in November
  • The Reserve Bank of India will launch a wholesale CBDC pilot on Tuesday, and has selected nine locally operated banks to participate in the trial.
  • The central bank noted that it also plans to conduct retail CBDC trials within a month, allowing households and businesses to make payments using the digital rupee.

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Oct 31, 2022
Hong Kong Changes Stance on Retail Crypto Trading
  • During the opening of Hong Kong’s FinTech Week, the city government revealed it was considering ways to give retail investors a “suitable degree of access” to crypto trading.
  • Hong Kong will also introduce a new licensing regime for virtual asset service providers, and has invited them to set foot in the city for new business opportunities.
Oct 27, 2022
Google Cloud Launches Blockchain Node-Hosting Service
  • The “Blockchain Node Engine” was designed to be a fully managed service that would help Web3 developers build and deploy new products for the blockchain.
  • It features a number of security features, such as Google’s Cloud Armor that helps prevent DDos attacks from slowing down a network.
Oct 24, 2022
Fireblocks Launches Payments Engine Following Successful Checkout.com Pilot
  • Though officially launched today, the Payments Engine has already been used by Checkout.com during its pilot phase to settle around $1 billion in crypto transactions.
  • The solution offers quick access to fiat-to-crypto conversion, cross-border internal settlement, micropayments, and merchant adoption with lower processing fees.
Oct 19, 2022
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