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Singapore’s central bank, the Monetary Authority of Singapore (MAS), has released a final regulatory framework for single-currency stablecoins (SCS) under its regulation.
MAS stated that the framework’s goal is to guarantee “a significant level of value stability” for stablecoins.
This framework will be applicable to all stablecoins tied to the Singapore Dollar or any other G10 currency issued within Singapore. 
Despite advances in payment effectiveness and customer care, analysts Alkesh Shah and Andrew Moss from Bank of America think that PayPal USD (PYUSD) won't be widely adopted anytime soon.
They wrote, "Over the longer term, we expect PYUSD to experience additional adoption headwinds as competition from central bank digital currencies (CBDCs) and yield-bearing stablecoins increases." 
Raoul Pal, once at the helm of Goldman Sachs, envisions a steep rise in the global count of cryptocurrency users. He drew parallels between the initial decade of digital assets and internet evolution, leading to the conclusion that the tally of cryptocurrency enthusiasts could hit the 1.2 billion mark by the end of 2025.
His projections suggest this number could catapult to a staggering 5.1 billion by 2030. The key drivers in achieving such an extensive digital asset adoption, he believes, will be Central Bank Digital Currencies (CBDCs) and NFTs. 
CBDC Payments Introduced on Buses in China
Jinan, a pivotal city situated in the Shandong Province of China, is propelling the adoption of China's trailblazing central bank digital currency (CBDC), known as the digital yuan. An expansion has taken place where the entire bus network of Jinan is now fully equipped to accept digital yuan as payment for bus fares. 
The IMF, in an article addressing CBDCs and cryptocurrencies in Latin America and the Caribbean, acknowledges, "While a few countries have completely banned crypto assets given their risks, this approach may not be effective in the long run."
Interestingly, the article places more emphasis on the benefits of Central Bank Digital Currencies (CBDCs) rather than cryptocurrencies, while also highlighting potential problems linked with digital assets.
Furthermore, the IMF recommends improving transparency by including cryptocurrency transactions in national data records. 
ECB Official Panetta Casts Doubt on the Future of Digital Euro
Some members of the European Parliament and numerous public representatives increasingly question the necessity of implementing a digital euro across the European Union. Protests against the introduction of the Central Bank Digital Currency (CBDC) periodically occur in various European countries. ECB representatives also harbor certain doubts. Hong Kong Launches CBDC Program
In a substantial step forward for the worldwide implementation of central bank digital currencies (CBDCs), the Hong Kong Monetary Authority (HKMA) unveiled its pilot program for the electronic Hong Kong dollar (e-HKD) on Thursday, explaining the digital currency's numerous possible applications in payments and tokenized deposits. 
In the Argentine primary elections, Javier Milei, a candidate who supports Bitcoin and vehemently opposes the Central Bank, has garnered most of the votes.
He's not shy about criticizing the Central Bank, dubbing it a conduit for politicians to exploit Argentinians via inflation.
Milei is convinced that the salvation lies in Bitcoin, which can instill privacy back into finances.
Simultaneously, Bitcoin has hit a fresh historical maximum value when measured in Argentine peso. 
Brazil's Central Bank has officially christened its digital currency as 'Drex', moving away from its previous moniker, the digital real.
The visual identity of Drex has also been released, featuring two arrows, with one integrated into the uppercase 'D', illustrating the transition of Brazil's conventional fiat currency to its digitalized form.
Does the green hue symbolize perpetual growth? 
Private banks in South Korea, Hana Bank and Woori Bank, have taken a keen interest in tokenized deposits, commonly known as Deposit Certificates or CDs.
CDs offer an alternative rooted in blockchain technology, serving as an equivalent to private stablecoins and Central Bank Digital Currencies (CBDCs).
Presently, it's being viewed as a potential substitute for customary notes and deposits without disrupting the existing banking system. 
Slovakia Opposes Digital Euro Dominance
The European Central Bank's ambiguity regarding the implementation and circulation of the digital euro has spurred Slovakian legislators to take preemptive action. Slovakia's Parliament has ratified a constitutional amendment, reinforcing the right to transact with physical euros for goods and services within the nation's borders. The Future of Money is Tokenization, Says BIS Report
Switzerland-based monetary authority, the Bank of International Settlements (BIS), has made public its plan to build a global "unified ledger" to facilitate Central Bank Digital Currencies (CBDCs) and tokenized assets. Even though it acknowledges the potential of tokenization, BIS has expressed its misgivings about decentralized cryptocurrencies. 
Money in Harmony: Are Stablecoins the Solution or the Problem?
The Bank for International Settlements (BIS) has delved into an analysis to determine if stablecoins and tokenized deposits can sustain the concept of monetary unity, which is vital to maintaining the stability of the exchange rate between private and central bank currencies. Argentine Authorities Set Sights on Crypto Payments
Argentina's central bank has put a stop to payment providers offering crypto transactions, aiming to limit the country's payment-system exposure to digital assets. The move impacts fintechs and financial institutions alike, as both are now prohibited from facilitating crypto services through their apps.