UAE Approves First AED-Backed Stablecoin
The UAE’s central bank has approved the first AED-backed stablecoin, a significant step towards integrating digital assets into the country’s financial system. This development marks a key turning point, potentially paving the way for more innovation and adoption of digital currencies in the region. Further details on the specific stablecoin and its launch timeline are awaited.
South Korean Crypto Movie Premieres in January
South Korean audiences can anticipate the premiere of the movie “Crypto Man” on January 15, 2025. This film, starring the late actor Song Jae-rim, draws inspiration from the dramatic events surrounding a significant crypto crash, offering a cinematic perspective on the volatile world of digital assets. The film’s release is generating considerable buzz in the local media.
Coinbase Cautious Amidst Meme Coin Surge
Coinbase, despite the ongoing meme coin craze, has adopted a conservative approach in its 2024 listings. The exchange added 34 tokens, but a notable 20% were meme coins. This suggests a strategic prioritization of caution in the face of considerable market volatility. Analysts suggest this approach reflects a desire to navigate the complexities of the cryptocurrency landscape responsibly, given the exchange’s public status.
New Zealand Shows Limited Interest in CBDC
The Reserve Bank of New Zealand’s consultation on a central bank digital currency (CBDC) revealed limited enthusiasm among the public. The majority view expressed a lack of perceived importance for this technology in the current environment. This outcome could influence the future trajectory of CBDC development in New Zealand.
China Retaliates Against US Tariffs with Export Ban
China has imposed a ban on the export of certain US materials, retaliating against previously imposed tariffs. This measure affects key minerals and underscores the ongoing geopolitical tensions related to trade policies. The export ban impacts a key segment of the US material supply chain.
