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Daily Digest | A green coin?

Written by The Uptake Published on     1 min read

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Bhutan wants its own digital currency.

Hey. Brady here. It’s Friday, so we’ll keep it light.

Given Bhutan’s emphasis on visionary environmental conservation, we were surprised to hear that the country was developing a central bank digital currency, since blockchain-based transactions have been characterized as energy-sucking, rainforest-burning things.

But Bhutan’s Royal Monetary Authority is moving forward with that, and will roll out a digital ngultrum in phases to reach 85% national financial inclusion by 2023. That’s an incredibly fast pace, even for a country with just 780,000 people.

Ripple is building the CBDC. Stephanie spoke with their vice president of central bank engagements and CBDCs. Read about it here.

Daily Roundup

  • Crypto exchange Huobi’s COO Jiawei Zhu stepped down in April, five months after reported arrest.
  • NeuroBlade raises USD 83 million in Series B funding to accelerate data analytics.
  • Dubai-based crypto exchange BitOasis raises USD 30 million Series B.
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