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Recent crash a reminder that crypto universe has many vulnerabilities

In this edition of the Next Wave, we discussed how digital currencies might solve Africa's quest for a single currency.

The Central government is going to table the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, in the upcoming winter session. 

  Applications of blockchain and distributed ledger technology (DLT) in finance have proliferated in recent years, forcing policy makers around the world to step in and formulate rules in regard to asset tokenization. In a report released in January 2021, the Organisation for Economic Co-operation and Development (OECD) documents and analyses the range of policy responses to the emerging tokenization market, outlining the main strategies that have been adopted by regulators around the world so far. Stylised representation of asset tokenisation, Regulatory Approaches to the Tokenisation of As...

Turkey to Pilot Digital Currency in 2021 Published December 30th, 2020 - 01:00 GMT The rollout of a CBDC comes after President Recep Erdogan previously announced that trials for a digital currency system would be finalised by the end of 2020. (Shutterstock) Turkey will embark on the pilot phase of a sovereign-backed digital currency next year, according to a statement made by Central Bank President Naci Agbal in parliament on Friday. “There is an R&D project initiated on digital money. Currently the conceptual phase of this project has been completed,” Agbal said while answering que...