Another U.S. state pushes for CBDCs to be banned — as a tokenization platform secures a crucial license for rolling out in the EU. Also in this issue: an overview of developments in China, Russia, and the EU central bank digital currencies.

For all the key details of new Distributed Ledger Technology (DLT) projects in the banking world, real-world asset (RWA) tokenization, stablecoins, and central bank digital currency (CBDC) updates, the Observers 'Banking and CBDC Roundup' weekly has you covered. CBDC Updates 'Urgency' Required in Digital Euro Rollout

New estimates project how much demand there will be for a digital euro. Plus, Tether launches a new tokenization platform, as BlackRock expands its tokenized fund to five new blockchains.

How can societies leverage distributed ledger technology for economic development?

China releases a hard wallet for the digital yuan, as Amazon trials a tokenization concept that sees small businesses paid faster.

The growing interconnection between stablecoins and T-bills used for their backing is raising concerns. While the US Treasury admits the importance of a unified monetary unit for further tokenisation of legacy systems, it believes that the present stablecoin design is not suitable for that purpose.

Project mBridge suffers a huge blow as BIS exits the stage — as EU states express disquiet over the digital euro, and the U.S. Treasury eyes CBDCs replacing stablecoins.

India is once again weighing up a crypto ban in order to boost adoption of the digital rupee, while the Russian regulator warns banks of penalties. A new report suggests tokenization has little risk of jeopardizing financial stability.