Cardano Built Something Genuinely Useful. Naturally, the Price Went Down.

Can a boring upgrade fix Cardano’s long slump? The new CIP-0113 standard is useful, but it’s still waiting for customers.

• Cardano has launched CIP-0113, a new programmable token standard designed for regulated financial services, incorporating automated AML and sanctions screening.
• Despite the useful infrastructure upgrade, Cardano's price has declined, reflecting a historical pattern of market indifference to technical advancements without immediate adoption.
• The success of CIP-0113 hinges on attracting named issuers, further regulatory embrace, and the development of a securities module, which are currently lacking.

Topics: Asset types, Legal regulatory, Blockchain usage, Stablecoins digital cash, Securities law classification, Ethereum evm l 1 s

Tags: #cardano #cip0113 #programmabletokens #aml #sanctionsscreening #tokenizedbonds #stablecoinissuers #regulatorycompliance #smartcontracts #cardanoimprovementproposal

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Bank of Korea Scales Up CBDC Pilot With Half a Million Users

Phase 1 of Project Hangang opened 81,000 wallets with 42% of them using the CBDC. Phase 2 is bigger, and this time it moves real government money.

• The Bank of Korea is expanding its Project Hangang CBDC pilot to 500,000 users, incorporating real government funds and new features like automatic top-ups and P2P transfers.
• The pilot aims to test government subsidy disbursements using programmable tokens and assess if deposit token payments can reduce interchange fees for merchants.
• Concerns are raised about the programmability of CBDCs, with critics highlighting potential for financial surveillance and control, contrasting with the US's recent ban on CBDC issuance.

Topics: Jurisdictions, Blockchain usage, Institutional adoption, Regulatory sandboxes pilots, Private enterprise ledgers, Banking depository pilots

Tags: #cbdc #bankofkorea #projecthangang #digitalwon #programmabletokens #pilotprogram #financialsurveillance #deposittokens #southkorea

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