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Kyrgyzstan sets three-stage CBDC pilot after council with CZ
-9BPnNDRc.png "Kyrgyzstan sets three-stage CBDC pilot after council with CZ")
Kyrgyzstan unveiled KGST, a stablecoin tied to the som, and outlined a pilot for a central bank digital currency known as the digital som. President Sadyr Japarov presented the plan Friday after the second session of the National Council for the Development of Virtual Assets and Blockchain Technologies, a meeting that included Binance founder Changpeng “CZ” Zhao. 
Arthur Hayes tells Europeans sell euros and buy Bitcoin
Arthur Hayes published an essay on Oct. 2 calling European Central Bank President Christine Lagarde a "criminal" and telling readers to sell euro assets and buy Bitcoin. The former BitMEX CEO titled his piece "Bastille Day" and argued that France's worsening finances and ECB monetary policy put the euro at risk. 
Indian Railways Introduces NFT Train Tickets
Indian authorities strive to stay competitive in the crypto market. Their efforts span several sectors, including blockchain-based state registries, a Central Bank Digital Currency (CBDC) launch, and public metaverses. Indian Railways is now contributing to this technological push with its innovative offering. 
ECB: cash is critical in crises and access must be guaranteed
The European Central Bank said on Wednesday that cash remains a critical backstop in emergencies and that central banks and private lenders must guarantee access. In a review of crises from the pandemic to this year’s Iberian blackout, the ECB said cash’s utility "intensifies markedly" when stability is threatened and called for adequate stocks and resilient business‑continuity plans. Ukraine’s central bank partially suspends Trustee Plus activities
The NBU has partially suspended the operations of crypto service Trustee Plus in Ukraine, citing alleged violations in P2P payments and euro transfers. GNcrypto obtained an exclusive comment from Trustee representatives. CEO Vadym Grusha also published an official statement, considering the claims unfounded. 
The Riksbank has published a report detailing the fourth phase of testing for the e-Krona. Throughout the pilot phase, which spanned from 2020 to 2023, the bank tested the e-Krona's fundamental use cases as a retail currency accessible to the general public. This iteration of the e-Krona was developed on the Corda distributed ledger platform by R3, with the central bank serving as a notary node responsible for verifying and finalizing transactions. Crypto Regulations in Argentina
Cryptocurrencies have garnered significant attention in Argentina, especially after Javier Milei, a crypto enthusiast, became the country's president. He has vowed to actively promote the widespread adoption of Bitcoin and aims to dismantle the Central Bank, criticizing it as an institution designed to deceive citizens.