Singapore's central bank head forecasts the decline of private cryptocurrencies for their unreliability. He envisions a future with regulated coins and central bank digital currencies, echoed by Rao, from India's Reserve Bank. The FSB flags risks from complex crypto firms, emphasising the need for robust regulations. The shift towards regulated digital currencies is clear, yet strong oversight remains crucial.

China's Ministry of State Security warns of AI threats to national security, citing data theft, cyber-attacks, and military concerns. Proactive measures and global collaboration are emphasized for effective AI governance.

Ripple and Georgia's National Bank collaborate to explore CBDC implementation, contributing to global digital currency modernisation.

The Jonum regime seeks to strike a balance between encouraging innovation in French startups and ensuring user protection.

This revelation has sparked concern and caution among investors, primarily due to the ongoing challenges posed by inflation and market volatility. Despite these substantial unrealised losses, the bank still manages to maintain high-profit margins thanks to its attractive interest rates.

Ukraine is forging a path towards ethical and balanced AI regulations to bolster national defence.

While noting the possibility of market interest, the Bank underscored the formidable two-sided payment market barriers essential for CBDC's utility.

This group is aimed at pooling the expertise of various academic fields relevant to the digital pound, encompassing areas such as monetary policy, finance, competition economics, industrial organisation, behavioural science, law, innovation theory, marketing, and business, according to a statement by the BoE.

During the conference, Kishida also revealed exciting prospects for the metaverse, announcing that a major Japanese company plans to introduce an ambitious large-scale project that will create a valuable economic zone.

Reported by Reuters on July 20, this move aligns with the increasing global trend among central banks to delve into the development of digital versions of their currencies for retail use.