ASEAN pledges to transform education with digital tools

    coingeek 2024-09-06 61624 views Trending
    ​ASEAN member states and partners have announced plans to collaborate on improving the state of education in the region by leveraging an array of next-gen technologies.According to a report, the ASEAN education ministers converged in Thailand for a series of high-profile meetings designed to chart a course for the future of education in the region. The meetings’ theme, “Transforming Education in the Digital Era,” drew attendance from senior officials from the ten ASEAN countries and nations in the Asia-Pacific.

    Nigeria welcomes IPv6 as part of digital transformation strategy

    coingeek 2024-09-05 39619 views Trending
    ​We are on the verge of a digital revolution thanks to robust future technologies such as blockchain, artificial intelligence (AI), and IPv6. Countries like Nigeria are uniquely positioned for exponential growth by “leapfrogging” the now outdated tech that more advanced countries are still using and harnessing future tech from the start.

    UK digital asset registration dips, compliance rises

    coingeek 2024-09-04 69626 views Trending
    United Kingdom’s top finance regulator reports that withdrawn digital asset applications decreased by 78% in the past year, reflecting increased compliance with rules. However, it also revealed fewer registration applications and lengthy approval times.

    New Zealand to enforce OECD tax reporting frameworks by 2026

    coingeek 2024-09-02 31573 views Trending
    New Zealand plans to implement the Organisation for Economic Co-operation and Development’s (OECD) digital asset reporting framework by April 2026, according to a recently released tax policy document.

    India’s CBDC has 5M users, RBI in ‘no rush’ to launch it

    coingeek 2024-08-29 74843 views Trending
    ​India’s central bank digital currency (CBDC) now boasts over 5 million users and 16 participating banks in the pilot phase, but the Reserve Bank of India (RBI) is in no rush to launch it publicly.

    Telegram founder’s arrest slammed by darknet market fans

    coingeek 2024-08-28 49840 views Trending
    The arrest of Telegram Founder/CEO Pavel Durov could have dire implications for the messaging platform’s crypto-savvy criminals.

    IDC guide predicts worldwide AI spending to reach $632 billion by 2028

    coingeek 2024-08-27 55422 views Trending
    A new report from the International Data Corporation (IDC) has predicted a sharp rise in global artificial intelligence (AI) spending in the coming years driven by a combination of factors for the emerging technology.

    Is BRICS about to announce a gold-backed currency?

    coingeek 2024-08-26 56446 views Trending
    Back in July, BRICS announced the intention to create a new payment system to rival SWIFT and further the bloc’s stated goal of de-dollarization.While the exact details of how the system works are not yet confirmed, Former Russian Ambassador to the USA Yury Ushakov made public statements confirming it would use cutting-edge digital technology, including blockchain. He called this an “important goal for the future.”

    Ghana issues draft digital asset guidelines

    coingeek 2024-08-23 64330 views Trending
    ​Ghana’s central bank has published new draft guidelines for the digital asset sector, requiring all virtual asset service providers (VASPs) to obtain licensing from the country’s securities watchdog before serving investors.

    Nigeria’s Lagos state targets real estate tokenization to boost revenue

    coingeek 2024-08-22 33180 views Trending
    ​Nigeria’s Lagos state plans to tokenize real estate to enable more retail investors to purchase property and boost the state revenues.The state’s ambitious plans were revealed by local media outlets and are expected to be laid out at the Eko Revenue Summit 2024, which kicks off on September 25.

    Tokenized deposits gaining traction in India, central bank says

    coingeek 2024-08-21 61120 views Trending
    ​India’s growing adoption of blockchains and distributed ledger technology has bolstered support for tokenized deposits or digital representations of traditional bank deposits hosted on a secure blockchain, according to the Reserve Bank of India (RBI).

    California waters down AI safety bill to appease industry opposition

    coingeek 2024-08-20 68158 views Trending
    ​California lawmakers have amended a bill that would hold artificial intelligence (AI) firms accountable for the harm caused by their products after the original draft received significant opposition from the industry, including AI firm Anthropic.

    Replacement of bank deposits by CBDC an area of key interest for deposit insurers: RBI

    coingeek 2024-08-19 35099 views Trending
    Deposit insurers or lenders that provide insurance to depositor funds against bank failures should take an interest in the degree of replacement of bank deposits by central bank digital currencies (CBDCs), according to the Reserve Bank of India (RBI).

    India has no plans to regulate digital asset sales or purchases

    coingeek 2024-08-16 33054 views Trending
    ​The Indian Ministry of Finance revealed it has no immediate plans to regulate the sale and purchase of digital assets. However, the country continues to tighten oversight on digital asset-related money laundering and terrorist financing.

    Philippine finance chief urges tax bureau to drive revenue growth through digitalization

    coingeek 2024-08-15 49660 views Trending
    The Philippines’ Department of Finance (DOF) Secretary Ralph Recto has underscored the critical role of the Bureau of Internal Revenue (BIR) in ensuring the government meets its fiscal targets, emphasizing that sustained improvements in revenue collection are essential for economic growth and national development. Speaking at the BIR’s 120th anniversary earlier this month, Recto highlighted the importance of digitalization in achieving these goals.

    Reserve Bank of India plans ‘delegated payments’ through UPI

    coingeek 2024-08-12 56272 views Trending
    ​The Reserve Bank of India (RBI) plans to introduce a facility of ‘delegated payments’ in the Unified Payments Interface (UPI) to boost digital payments in the country. The initiative will allow multiple users to make transactions from a single primary bank account up to a limit.

    Slovenia issues inaugural digital bond in EU via BNP Paribas

    coingeek 2024-08-09 67513 views Trending
    ​Slovenia launched a $30 million digital bond at the tail end of July, joining an exclusive group of nations that rolled out their versions of the assets.The issuance is the first sovereign digital bond in the EU and could set further issuances in the coming months. Operating as a short-dated digital bond, Slovenia’s government tapped BNP Paribas for issuance with the bank, providing book-running and coordinating services.

    Reserve Bank of India: CBDCs may reduce availability of cash deposits with banks

    coingeek 2024-08-08 61078 views Trending
    ​While central bank digital currencies (CBDCs) can open up a world of new opportunities, they can also reduce bank deposits, affecting the credit-creating capacity of commercial banks.

    California DMV digitizes 42 million car titles on the blockchain

    coingeek 2024-08-05 75682 views Trending
    ​The California Department of Motor Vehicles (DMV) is putting over 40 million car titles on the blockchain in a digital push.The DMV has partnered with blockchain startup Oxhead Alpha on the initiative, which aims to modernize one of America’s most notorious government services. According to an oft-cited study, queueing at the DMV is the wait that Americans hate the most, topping waiting at hospitals, retail outlets, and fast-food restaurants.

    Peru inaugurates first CBDC pilot

    coingeek 2024-08-02 74104 views Trending
    Peru’s central bank has launched its first central bank digital currency (CBDC) pilot, selecting local telecom operator Viettel Peru as its partner.The Central Reserve Bank of Peru announced the partnership recently but didn’t disclose any details about the pilot. Viettel is the local subsidiary of Vietnam’s state-owned multinational telecom operator Viettel Group, which started operating in Peru in 2014.

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