The Bank of Korea has invited at least ten commercial banks, including Shinhan Bank and NH Nonghyup Bank, to be part of the testing CBDC for making remittances and payments between individual users.
The head of Russia's State Duma Committee on financial markets, Anatoly Aksakov, has introduced the proposal to launch a regulated digital assets exchange for the Russian market.
The South Korean fintech giant expects the investment to create 10,000 jobs in the Web3 space and says it will strengthen the competitiveness of the domestic industry.
The Central Bank of Sri Lanka said citizens could invest in virtual currencies but at their own risk since the assets are not unregulated in the country.
According to Business Insider, XREX sent out a notice to users on June 30 directing them to withdraw their INR balances two days before the 1% TDS kicked in on July 1.