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The Bank of Korea (BOK) announced that it has completed the first stage of its Central Bank Digital Currency (CBDC) or Digital Won trials, according to its official press release.

Many in the crypto and blockchain space referred to Giancarlo as “Crypto Dad” for his role in supporting digital assets during his five years at the CFTC.

A recent note from Bank of America analysts said that a CBDC would differ from digital currencies currently available because it would be the liability of the Fed, not a commercial bank.

2021 was an eventful year for the German crypto industry. Cointelegraph takes a look at the most important developments of the past year in a review.

Observers praise the Fed’s conservative pace but criticise aspects of its hypothetical system design

Representative McHenry is convinced that Congress should take crypto regulation away from executive agencies and courts.

The second phase of the CBDC mock testing is expected to be completed by June this year

As the Federal reserve releases its position paper on CBDCs, the Russian Central Bank instigates yet another crypto ban scare.

The Bulgarian government is currently in discussion with industry stakeholders and the Bulgarian National Bank with respect to its crypto payment initiative.

From Bolivia to China, governments have sought to restrict crypto-related activity for various reasons and with different tools.

Despite unclear — or even lack of — regulation and taxation of cryptocurrencies, Turkey is increasingly using digital assets amid high inflation.

Crypto to prevail over the traditional financial system, instead, competing industries started to adopt each other's technologies and cooperate.

The US Federal Reserve said that the introduction of an official digital version of the US dollar could benefit Americans but it may also potentially affect financial stability and privacy.

"The Federal Reserve would only pursue a CBDC in the context of broad public and cross-governmental support," said the recently published paper.