Through their partnership, Ripple and Modulr will deliver real-time, price-competitive, and reliable payments into the UK and Europe. Their services will be available globally in the coming months.
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Russia's Central Bank has proposed banning cryptocurrency mining, trading, exchanging, and investments claiming that Digital Payment Tokens threaten financial stability, and citizens' wellbeing.
The UK's Bank of England has established a taskforce to look into the creation of a Central Bank Digital Currency. This doesn't definitely mean the UK will go ahead with the creation of a CBDC.
A group of politicians inside Japan's ruling party will submit proposals saying that a digital yen should be developed. It's also asking for it to be a topic at the next G7 meeting scheduled for June.
A representative from the People's Bank of China has announced that the country's national cryptocurrency is almost ready for prime time. No exact date for its launch was given, however.
China's central bank has been spurred on to develop a cryptocurrency following the news of Facebook's Libra 2020 launch. It said it's concerned about the influence the dollar will have on Libra.
The Central Bank of Egypt has again denied rumours that it will allow banks in the country to handle Bitcoin. The denial was the second that the central bank has issued since rumours surfaced in June.
