TL;DR Breakdown China’s digital yuan has made impressive strides since its experimental debut 1.5 years ago, with transactions totaling approximately $250 billion, according to the People’s Bank of China governor Yi Gang. MAS is honoured to have Dr Yi Gang, President of China Society for Finance and Banking as the speaker for the MAS Lecture 2023. …
TL;DR Breakdown The digital yuan, China’s central bank-issued cryptocurrency, has taken to the skies with its latest partnership. A strategic alliance between China Merchants Bank and the Civil Aviation Administration has given birth to the cutting-edge e-CNY platform, catering to the needs of both business travelers and jetsetters alike. Launched on July 18 with much fanfare, the …
Chinese business travelers embrace cryptocurrency for air tickets Read More »
TL;DR Breakdown Mastercard has taken a significant step in the digital currency industry by launching its CBDC Partner Program. The program aims to foster collaboration with key blockchain and payment service industry players to drive innovation and efficiencies in implementing central bank digital currencies (CBDCs). Mastercard convenes leading blockchain and payment providers Mastercard’s CBDC Partner Program aims …
TL;DR Breakdown Australia’s journey towards a central bank digital currency (CBDC) has taken a significant step forward as the Reserve Bank of Australia (RBA), in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), concluded its pilot program. The initiative explored the potential of introducing a digital version of the Australian Dollar (e-AUD) and shed …
Australia’s central bank reveals findings of its CBDC pilot test Read More »
In 2023, ACU Group will expand its efforts in the African region to assist African countries in improving their financial technology. According to the most recent official news, the ACU trademark has recently been registered and has the exclusive right to use in Morocco and Tanzania. The ACU trademark has been successfully registered in more …
ACU Trademark Successfully Registered In Morocco And Tanzania Read More »
According to the latest official news, Asian Digital Group has recently obtained another essential license. According to the relevant personnel, ADSG has officially obtained the Money Transmitter Licensing (MTL) license issued by the Washington State financial regulator on February 21st, 2023. After receiving this license, Asian Digital Group will be allowed to conduct currency trading, …
As we enter 2023, the global CBDC process is picking up speed. According to public reports, in December 2022 alone, several national banks and international organizations, including the Federal Reserve, the Central Bank of Turkey, the Central Bank of Brazil, the Central Bank of Kazakhstan, the International Monetary Fund, and the Philippines, announced their latest …
As Global CBDC Adoption Accelerates, ACU Group Has the Solution Read More »
African countries face far more problems than other countries when it comes to developing FinTech. Under the Cross-Border Support Program, ACU Group has submitted an “Africa Solution” to African countries to help them develop financial technology. As the second largest continent in the world, Africa has 63 countries and regions with more than 42 currencies, …
The Bank of England’s “CBDC Sample Wallet Proof of Concept” project has recently completed its tender applications. According to the UK government’s Digital Marketplace website, 28 applications were received for the project, with 20 companies completing the application process, including 9 SMEs and 11 large companies. The Bank of England said that the contract will …
ACU Group Participates in the Global Issuance of CBDC Read More »
ACU Group will continue helping to improve financial technology in African countries and completing the launch of ACU PAY in Malaysia. In the past two years, ACU Group has accelerated its overseas expansion, and in late 2021, ACU Group established a Southeast Asia operation center and started to develop the Southeast Asia market systematically. In …
ACU Group To Expand To Africa And Malaysia In 2023 Read More »
