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CONTENT 1. The metaverse under the legislative lens TLDR On Tuesday, the U.K. Parliament passed the Online Safety Bill, a comprehensive framework designed to protect internet users from encountering illegal or harmful content.  Notably, the bill has been extended to cover the metaverse, a collective of virtual worlds that has gained significant traction following Facebook’s rebranding …

U.K. PARLIAMENT GREENLIGHTS ONLINE SAFETY BILL, EXTENDING REGULATIONS TO THE METAVERSE Read More »

by Owotunse Adebayo CONTENT 1. Maple Finance secures $5 million in investment 2. The company is eyeing evolution in a dynamic crypto landscape TLDR Maple Finance, a blockchain-based credit marketplace, has set its sights on the Asia-Pacific (APAC) region, announcing a successful $5 million investment round on Tuesday. The fundraising was led by BlockTower Capital and Tioga Capital, with participation …

MAPLE FINANCE ANNOUNCES ASIA EXPANSION AFTER SUCCESSFUL INVESTMENT ROUND Read More »

Introduction In the rapidly evolving landscape of technology and its impact on economies and societies, nations are recognizing the paramount importance of embracing digital transformation. Malawi, a country with a burgeoning information and communication technology (ICT) sector, has embarked on a visionary journey with its National Digitalization Policy (2023–2028) which will replace the National ICT …

Empowering Malawi’s Future: Unpacking the National Digitalization Policy 2023–2028 Read More »

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. …

People’s Bank of China reveals impressive digital yuan numbers: $250 billion and counting Read More »

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 …

Mastercard launches CBDC Partner Program in partnership with leading blockchain firms to foster the implementation of digital currencies Read More »

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, …

Another Prime License Secured!! Asian Digital Group Receives Washington State MTL License Read More »

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 »