WAO ART #311

The Bank of Canada is researching the possibility of a Central Bank Digital Currency (CBDC), which would be a digital version of the Canadian dollar. A CBDC would function like physical cash and could be used for in-person and online purchases, as well as payments between businesses.

PancakeSwap, a decentralized cryptocurrency exchange (DEX), has proposed a reduction in the total supply of its native token, CAKE, from 750 million to 450 million. The aim is to enhance the deflationary nature of the token and achieve ultrasound CAKE.

Angola has announced its withdrawal from OPEC after failing to meet output targets for years. The country faced pressure from Saudi Arabia to accept lower output targets for next year. Angola had previously rejected the new output quota handed to it by OPEC and planned to breach it.

Argentina's newly elected leader, Javier Milei, has unveiled a series of measures to deregulate the country's struggling economy. These measures include scrapping or changing over 300 rules via presidential decree, such as those related to rent and labor practices.

Virgin Australia will bring its Brisbane, Sydney, and Melbourne international ramp operations in-house starting in early 2024. This move complements the airline's existing insourced domestic ramp operations. The decision is seen as a commitment to expanding the company's workgroup.

Do Kwon, the founder of Terraform Labs, has won a victory in his fight against extradition to the United States to face fraud and money laundering charges. The appellate court in Montenegro ruled that there were procedural issues in the US Justice Department's request.

A British Virgin Islands court has frozen $1.14 billion in assets belonging to the founders of cryptocurrency hedge fund Three Arrows Capital (3AC). The freezing order aims to protect creditors owed $3.3 billion amid allegations that the founders' decisions led to the firm's downfall.