CBDC

A recent public consultation on Canada’s central bank digital currency (CBDC) initiative revealed an overall negative sentiment from Canadians, confirming the Bank of Canada’s concerns around its country-wide adoption.Through the ‘digital Canadian dollar public consultation,’ the Canadian ...

Issuance of a central bank digital currency (CBDC) requires adequate attention to security, the Bank for International Settlements (BIS) reminded central bankers in a report on Nov. 29. An integrated risk-management framework should be in place starting at the research stage, and security should ...

The Bank for International Settlements (BIS) Innovation Hub has presented the final report on its “private CBDC” initiative, Project Tourbillon. The prototypes, built in the project’s framework, could allow payment anonymity for central bank digital currency transactions.The 46-page report ...

More foreign banks have joined China’s digital yuan central bank digital currency (CBDC), the e-CNY, following British bank Standard Chartered’s entry on Nov. 27, bringing its total to four.According to local news reports, Hong Kong-based HSBC, Hang Seng Bank and Taiwanese bank Fubon ...

The Bank of Korea (BOK) — South Korea’s central bank — has said it will invite 100,000 Korean citizens to purchase goods with deposit tokens as part of its central bank digital currency (CBDC) pilot. The testing will start “around September to October” of 2024 and last for three months.  ...

The bakong, a digital currency operated by the National Bank of Cambodia (NBC), will provide users with access to the Alipay merchant network and enable cross-border transactions on Alipay+ using QR codes under a memorandum of understanding (MoU) signed at the FinTech Expo in Singapore, the local ...

Argentina's Bitcoin (BTC)-friendly Javier Milei won the country’s presidential run-off election on Nov. 19, beating out his opponent Sergio Massa.With almost 99% of the vote counted, Milei won over 55% of the votes with a nearly 3 million vote lead according to Bloomberg data. ...

James Wallis, Ripple’s vice president for central bank digital currencies (CBDC) Engagements, has highlighted the role of CBDCs in advancing global financial inclusion in a brief video. Wallis clarifies that financial inclusion aims to extend financial services to individuals worldwide, especiall ...

A pilot program for a live Singapore dollar-based central bank digital currency (CBDC) was unveiled by Singapore’s central bank with a wholesale CBDC to be used by local banks for settlements. “I am pleased to announce that MAS will pilot the ‘live’ issuance of wholesale CBDCs to inst ...

The European Union has been actively preparing for what it envisions as the future of money. Over the last year, it finalized its landmark comprehensive crypto legislation, the Markets in Crypto-Assets regulation (MiCA), which is due to take effect in 2024, after closing its second consultat ...

The chairman of Kazakhstan’s National Payment Corporation (NPC), Binur Zhalenov, has made the first transaction with the central bank digital currency (CBDC). During his speech at the XI Congress of Finance in Almaty on Nov. 15, he paid with a debit card tied to the CBDC account, according t ...

During her opening speech at the Singapore FinTech Festival, International Monetary Fund (IMF) Managing Director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies (CBDCs) and related payment platforms in the future.Georgieva expresse ...

The weeklong Asia-Pacific Economic Cooperation (APEC) summit began on Nov. 11 in San Francisco. The highlight of the event will surely be on the sidelines, when United States President Joe Biden and Chinese leader Xi Ping meet on Nov. 15, but with the focus of the organization being on the region ...

Central banks have a responsibility not only to keep pace with the digital age but to lead innovation, Agustín Carstens, General Manager of the Bank for International Settlements (BIS), believes. In his opening remarks at the conference in Basel on Nov. 8, Carstens called the central ...

Former FTX CEO Sam “SBF” Bankman-Fried’s public trial in a New York court ended with the jury finding him guilty on all seven charges on Nov. 3, including two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and on ...

The National Bank of Georgia (NBG) has selected Ripple Labs Inc., a leading blockchain payments platform, as the official technology partner for developing Digital Lari, their central bank digital currency (CBDC) project.Ripple said in a  statement that the partnership will ...

The Swiss National Bank (SNB), six commercial banks and the SIX Swiss Exchange will work together to pilot the issuance of wholesale central bank digital currencies (CBDCs) in the nation, officially known as the Swiss franc wCBDC.The pilot project dedicated to wholesale CBDC, named Helveti ...

As the Bank of Spain embraces the potential adoption of a digital euro, the country’s population doesn’t appear to have the same strong appetite for the European Central Bank’s digital currency project. This emerges from the results of a survey published by the Bank of Spain enti ...

The Bank for International Settlements (BIS) released a colorful and fact-filled Project mBridge update on Oct. 31. The publication combines technical and promotional discussions in a shift of tone as the project prepares to become a minimum viable project for commercial launch next year.T ...

The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take the next few months. According to the president of Kenya, William Ruto, whose speech at the East Africa Device Assembly Kenya plant in Athi River was cited by local ...

The Hong Kong Monetary Authority (HKMA) is gearing up for the second phase of the e-HKD (e-Hong Kong dollar) pilot program as it announced the successful completion of the Phase 1 trial of its in-house central bank digital currency (CBDC). The HKMA launched the e-HKD pilot program in ...

The Federal Reserve Board continues to research a central bank digital currency (CBDC), or at least adjacent technologies, vice chair Michael Barr said on Oct. 27. He also touched on stablecoins at the Economics of Payments XII Conference where his English colleague Sir Jon Cunliffe made his last ...

The Presidential Annual Programm for 2024, published on Oct. 25 in Turkey’s Official Gazette, sets an aim to finalize the crypto regulations in the country within the following year. Article 400.5 of the almost 500-page document reveals the planned studies to define crypto assets, whi ...

Takis Georgakopoulos, global head of payments at JPMorgan, has revealed that the company processes over $1 billion in daily transactions through its digital asset, JPMorgan Coin.Speaking during an interview with Bloomberg TV on Oct.26, Georgakopoulos named three major inefficiencies o ...

The Central Bank of Spain joined a chorus of European banking institutions, preparing their customers for all the benefits of the “digital euro.” The Bank of Spain last week published a short text explaining the nature and uses of the European Union’s potential central bank digital currency (CBDC ...

After a series of remarks about the potential benefits of central bank digital currency (CBDC) for the national economy, the Central Bank of Argentina said it has accelerated its work on the legislation to implement the CBDC workflow in the country. On Oct. 18, during a public discuss ...

On Oct. 18, the European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) issued a joint opinion statement on the regulation of “digital euro,” proposed by the European Commission in July 2023. The regulators made several recommendations to enhance the personal data ...

Bank of Finland (BOF) is coordinating the creation of a Finnish instant payment solution compatible with European standards. BOF board member and member of the Governing Council of the European Central Bank (ECB) Tuomas Välimäki made the announcement on Oct. 19. Välimäki revealed that ...

Federal Reserve Board governor Michelle Bowman shared her views on financial innovation in a speech at Harvard Law School on Oct. 17. Bowman has spoken several times on the topic, and her position seems to be growing more bearish. Bowman spoke at length about central bank digital curr ...

The Reserve Bank of Australia (RBA) is open to the idea of using central bank-issued digital currency (CBDC) as the future of money where CBDC would represent a tokenized form of central bank reserves.Brad Jones, the assistant governor (Financial System) of RBA, in his speech titled “A Tok ...

Agustín D'Attellis, the Director of the Central Bank of the Argentine Republic (BCRA), has publicly supported the promotion of a central bank digital currency (CBDC), referred to as the "digital peso" (PAD), as a remedy for the Argentine economy. D'Attellis believes that the traceability of CBDC tra ...

Brazil's central bank, Banco Central do Brasil, is taking steps to tighten regulations on the cryptocurrency industry in response to surging cryptocurrency adoption. Crypto imports into Brazil increased by 44.2% between January and August 2023 compared to the same period the previous year, totaling ...

European Central Bank (ECB) President Christine Lagarde has stated that it may take at least two years to fully launch the digital euro due to privacy concerns that need to be addressed. During a meeting with the European Parliament's economic committee, Lagarde discussed the challenges associated w ...

A Washington, D.C.-based think tank, the Competitive Enterprise Institute (CEI), is backing an anti-CBDC (Central Bank Digital Currency) bill in the U.S. Congress. The CEI is advocating for legislation that would prevent the Federal Reserve from issuing or overseeing the development of a CBDC. The b ...

The United States Federal Reserve Bank vice chairman spoke at the Philadelphia Fed’s fintech event on Sept. 8 about the central bank's role in financial innovation. Research and supervision was the short answer and a nod to the FedNow Service.Along with the standard disclaimer about ...

A group of local blockchain experts discussed how blockchain technology can help solve economic problems in Nigeria and throughout the African continent. In their discussion, Nigeria's naira flow shortage was used as a case study.At the Stakeholders in Blockchain Technology Association of ...

China is gearing up to introduce its digital yuan to the ASEAN nations, with plans to explore "cross-regional use" of its Central Bank Digital Currency (CBDC) within the bloc. While some ASEAN members have close political ties to China, others maintain stronger connections with Washington. Cities li ...

The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will be holding a hearing discussing central bank digital currencies (CBDCs) for the first time in months.In a Sept. 7 announcement, Republican lawmakers on the committee said they ...

The European Union's financial services chief, Mairead McGuinness, believes there’s no reason to rush with the digital euro until after the next European elections in June 2024. In her opinion, the EU’s central bank digital currency (CBDC) project should be approached “quietly and slowly” by the ...

Central bank digital currencies (CBDC) and blockchain technology are likely to displace traditional banks, according to a lawmaker in Russia.Anatoly Aksakov, head of Russia’s parliamentary financial committee and a major skeptic of Bitcoin (BTC), has predicted that the traditional banking ...

The Regulated Liability Network (RLN) has completed its United Kingdom discovery phase and is prepared to proceed to a use case with retail central bank digital currency (CBDC), according to its latest report. The RLN project seeks to accommodate central bank, commercial bank and regulated non-ba ...

The European Central Bank (ECB) is quite happy with the European Commission's (EC) legislative proposals for the digital euro. ECB executive board member Fabio Panetta told the European Parliament’s Committee on Economic and Monetary Affairs in a speech on Sept. 4 that the proposals “ ...

While China’s central bank digital currency (CBDC) goes through technological and business model upgrades, the market should provide an opportunity to include it in all online retail payment options. The statement was made on Sept. 3 by Changchun Mu, the Director of the Digital Currency Research ...

The Reserve Bank of India (RBI) central bank digital currency (CBDC), the digital rupee, will have enhanced usability, Yes Bank announced Aug. 30. This was thanks to Yes Bank’s integration of the Unified Payments Interface (UPI) with the RBI digital rupee app. Now Yes Bank account holders w ...

IBM has some ideas about what it will take to make the digital euro a success, which it shared in a recent blog post. It suggested five items for designers to help the European Central Bank digital currency “enter the highly competitive, multifaceted, and heterogeneous payments landscape in ...

Bus and taxi operators in Jamaica are eager to use the country’s in-house central bank digital currency (CBDC) — Jam-Dex — as locals seek operational efficiencies and reduced costs and security risks.The Central Bank of Jamacia launched Jam-Dex, short for Jamaican Digital ...

Discussions around ways to shorten local settlement cycles within the next five years have got most securities firms eyeing local central bank digital currencies (CBDCs). CitiBank’s latest edition of the Securities Services Evolution whitepaper highlighted India’s recent move to T+1 settlements, ...

Australia’s central bank has completed its pilot of a central bank digital currency exploring use cases for a potential digital dollar, finding it useful in four main areas, including enabling complex payments and asset tokenization. The Reserve Bank of Australia and the Digital Finance Coope ...

The initiative aims to bring together key industry players to explore innovations in CBDC. A Mastercard spokesperson said CBDC should be as easy to use as other forms of money. Payments company Mastercard will form a central bank digital currency (CBDC) partnersh ...

The typical Canadian has little reason to adopt a central bank-issued digital currency, which could cause problems with its broad acceptance, according to a new paper from the Bank of Canada. In the staff discussion paper released on Aug. 10, the central bank looked at a hypothetical scena ...

Podcaster and commentator Joe Rogan has blasted the idea of a United States central bank digital currency, describing a digital dollar as a “game over” scenario for American citizens. In an Aug. 8 episode of the widely-watched podcast Joe Rogan Experience, Rogan and rapper ...

PayPal’s new Ethereum-based stablecoin, PYUSD, has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it could also spell trouble for decentralization and personal control of assets, warns the community. ...

The next president of the United States is likely to be in favor of central bank digital currency (CBDC), crypto asset manager Grayscale observed in a post on its website, as the current frontrunners in both political parties have expressed their support for it. Neither seems to like Bitcoin. ...

The Digital Dollar Project (DDP) announced the completion of a pilot study of remittance payments to the Philippines using a simulated retail central bank digital currency (rCBDC). Western Union and BDO Unibank were partners in the project.The project used a version of the DDP’s Cham ...

The CFA Institute, the professional association that provides Chartered Financial Analyst credentialing, surveyed its members on their perceptions of central bank digital currency (CBDC), saying it wanted to examine the demand-side outlook on the financial technology. The survey found ...

The government of Palau is set to begin a pilot project for a United States dollar-backed stablecoin on July 26. The new coin will be issued on XRP Ledger.The country will release the first Palau Stablecoins (PSCs) in the pilot project to government employees. This comes after several days ...

Russia is moving forward with its central bank digital currency (CBDC) as President Vladimir Putin signed the digital ruble bill into law on July 24, according to an official government document.With this approval, the digital ruble law is officially scheduled to take effect from Aug. ...

United States Republican Representative Warren Davidson has spoken out against central bank digital currencies, urging Congress to ban them and criminalize their development.In a July 23 Twitter post, Congressman Davidson accused the Federal Reserve of “building the financial equival ...

San Francisco's Federal Reserve Bank is seeking a crypto architect for a central bank digital currency project, an Indeed job posting has revealed. According to the role description, the employee will work on CBDC research and development.The position is full-time and hybrid, wit ...

Despite the former governor’s ousting nearly two months ago, the Central Bank of Nigeria (CBN) continues to be committed to its central bank digital currency (CBDC) project, showing no indications of abandoning it.According to a report by local news outlet The Sun, the central bank recentl ...

Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank governor has claimed.On July 19, People’s Bank of China governor Yi Gang spoke at a conference in Sin ...

The South Korean central bank has published its 2022 Payment and Settlement Systems Report. Oversight of the systems was carried out successfully, the Bank of Korea's report said, and it is getting ready for a future with central bank digital currency (CBDC) and is discussing stablecoin regulatio ...

United States presidential candidate Ron DeSantis once again criticized central bank digital currencies (CBDCs), arguing against the possibility of a digital dollar in the country. Speaking at the Family Leadership Summit on July 14, DeSantis promised to ban CBDCs in the U.S. if he is ...

A blockchain developer who claims to have reverse-engineered the source code of Brazil’s pilot central bank digital currency has discovered functions in the code that would allow a central authority to freeze funds or reduce balances. He has since argued, however, that there cou ...

Andrew Bailey, a Bank of England (BOE) governor, delivered a speech July 10 in which he moved smoothly from the central bank’s efforts to control inflation and maintain public trust in financial institutions to why cryptocurrencies are not money. Instead of cryptocurrencies and st ...

Ripple Labs Inc, a company known for blockchain innovation and digital payments, has announced an initiative to transform the real estate industry using tokenization.Antony Welfare, the Central Bank Digital Currency (CBDC) advisor at Ripple, highlighted the growing global interest in CBDCs ...

European Union (EU) lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. The act, aimed at encouraging greater use of data resources to train algorithms, would update the EU’s rules on smart contracts to incl ...

Central bank digital currencies (CBDCs) may not solve any problems faced today, but could be the answer to ones not even fathomed yet, says the executive spearheading Australia’s CBDC pilot. Dilip Rao, a former Ripple executive who’s now spearheading Australia’s CBDC rese ...

The head of the Swiss National Bank (SNB) has announced that the bank will launch a wholesale central bank digital currency (wCBDC) pilot project, according to a report. Reuters quoted bank chair Thomas Jordan as saying the project would begin “soon.” The wCBDC will be iss ...

Blockchain-based payments firm Ripple has obtained in-principle regulatory approval from Singapore’s financial regulator to offer digital asset payments and token products in the city-state.Ripple confirmed the approval from the Monetary Authority of Singapore (MAS) in a June 22 stat ...

The Bank for International Settlements (BIS) has released a chapter of its annual report early. That chapter, on the future of the monetary system, discussed “a new type of financial market infrastructure – a unified ledger.” The chapter was published June 20, one day after the International Mone ...

Slovakia will codify the right to use cash as a method of payment after a vote to amend the nation’s constitution passed in parliament on June 15. The new legislation was sponsored by the Sme Rodina party, also known as the “We Are Family” party, and was reportedly drafted as a precau ...

The International Monetary Fund (IMF) has presented the outlines of a “new class” of cross-border payment system that uses a single ledger to record central bank digital currency (CBDC) transactions, programmability and improved information management. IMF officials chose ...

The Bank of England (BoE) is a step closer to launching its central bank digital currency (CBDC) dubbed “Britcoin” following the conclusion of a trial study called Project Rosalind.The Bank for International Settlements and the BoE launched the joint experiment in July 2022 to ...

Banco de la República, Colombia’s central bank, is partnering with Peersyst and Ripple to pilot blockchain technology on the XRP ledger. The Ministry of Information and Communications Technologies (MinTIC) in Colombia will oversee the project, which will use Ripple’ ...

Privacy and the ability to transact anonymously should be considerations in the design of a digital dollar, a United States Treasury official has said.On June 13 the Treasury Department’s Assistant Secretary for Financial Institutions Graham Steele spoke at a payments-focused conference in ...

The Central Bank of Kenya received comments on a discussion paper on the potential issuance of a digital shilling, and hasn’t a definitive conclusion. In a June 2 announcement on Twitter, Kenya’s central bank said it received more than 100 comments from members of the publ ...

The global watchdog fighting money laundering and terrorist financing has slammed Qatar Central Bank (QCB) for making little effort to enforce its own regulations prohibiting virtual asset service providers. In a report published on May 31, the Financial Action Task Force (FATF) highlighted that ...

British multinational bank Standard Chartered and PwC China have teamed up to produce a white paper on applications for central bank digital currency (CBDC) in the so-called Greater Bay Area of China — Guangdong Province, Hong Kong and Macao. Programmability will make all the difference, they con ...

The CEO of Binance has expressed support for the possible Republican presidential candidate of the U.S. for his intention to oppose any form of cryptocurrency prohibition. Speaking at an open internet event on Twitter Ask Me Anything on Wednesday, May 31, CEO of major cry ...

House Member Alex Mooney of West Virginia introduced a bill against digital dollar testing that the U.S. Federal Reserve could conduct without congressional authorization. The proposed bill seeks to prevent the U.S. Federal Reserve (Fed) from launching a digital dollar pilo ...

Brian Armstrong thinks the United States is in danger of missing its chance With that, the dollar will lose its status as a world currency He calls for developing the cryptocurrency segment, not limiting it On Tuesday, May 30, WarketWatch published an ...

The Reserve Bank of India (RBI) said it is expanding its retail digital rupee testing pilot to include more banks and expand the list of cities. The central bank said in an annual report that it has been testing its own digital currency (CBDC) in stages. In November 2022 ...

This was announced by ECB Executive Board member Fabio Panetta He noted that the regulator will move to CBDC tests as early as this summer The ECB held its 25th anniversary ceremony in Frankfurt last week, May 24. As part of the event, a member of the executiv ...

Central Bank conducted a 12-month test And it was successful The country is now preparing for a pilot project Bank of Japan (BOJ) shared the results of the second phase of the CBDC concept test.. It lasted a year, from April 2022 to March 2023. At ...

The level of acceptance among the public will be extremely low The Central Bank proposes a study on the real demand for cryptocurrencies After that, the regulator and government promise to consult on a regulatory framework for the industry The Kenyan ...

The Brazilian Central Bank's digital currency pilot will include both national companies and international. Among the latter are Visa and Microsoft. Brazil's Central Bank has published the final list of participants in the digital-real pilot project. A total of 14 part ...

European Central Bank (ECB) governor Fabio Panetta commented on the growing need, benefits and security of central bank digital currency (CBDC). European Central Bank (ECB) board member Fabio Panetta said the European regulator fully supports research into the digital e ...

Florida Governor and U.S. presidential candidate Ron DeSantis said in a conversation with Ilon Musk that if President Biden is re-elected, but bitcoin will be at risk. Ron DeSantis said he supports bitcoin because the first cryptocurrency represents civil liberties. And ...

The Jamaican government is developing a special platform where locals and merchants can use the digital Jamaican dollar. The national e-commerce platform will allow users to pay for goods and services using the central bank's digital currency, JAM-DEX. A task force was ...

He will be the first in history to accept BTC donations If elected president, he has promised to make sure the U.S. remains a bitcoin hub While speaking at the Bitcoin 2023 conference, Robert F.. Kennedy Jr. says he will accept campaign donations in BTC. He also ...

Banks in the South African country will be able to offer credit products using as collateral the newly issued state digital currency, secured by gold, announced the Zimbabwe Bankers Association. The digital money, the local central bank suggests, will eventually be used i ...

Ripple announced the launch of a platform for creating and transacting state central bank digital currencies (CBDC). The Ripple CBDC Platform was created specifically for central banks, governments and financial institutions. It runs on a ...

The Hong Kong Monetary Authority (HKMA) announced Thursday the launch of the e-HKD pilot program and testing options for the state's digital currency. A number of major companies from the financial, payment and technology industries will ...

Central Banks will be able to launch CBDC Ripple is already partnering with the Republic of Palau Crypto firm Ripple announced the launch of its CBDC and Stablecoin development platform. The statement says the site will allow "management and customization of t ...

Blockchain infrastructure provider Canvas announced that cryptocurrency fund managers DigitalX and TAF Capital have successfully exchanged the digital Australian dollar (eAUD) for the USDC stabelcoin. eAUD was launched by the Reserve Bank of Australia (RBA) together with ...

Canadian psychologist Jordan Peterson called BTC the only alternative to money in a world dominated by central bank digital currencies and suggested storing IQ test information in a Bitcoin blockchain. Jordan Peterson, a well-known Canadian psychologist and political comm ...

Central Bank of Hungary believes that the state-owned Stablecoin will not have a strong impact on the country's financial system, so the regulator will not rush to launch it. Aniko Szombati, head of digital development at Magyar Nemzeti Bank (MNB), said this at a meeting ...

They oppose the use of CBDC in the state Florida The Texas legislature has introduced a bill to ban central bank digital currency (CBDC). The text states that: "Retail CBDCs establish a direct link between the Fed and consu ...

Central Bank of the Republic of Korea together with South Korea's largest electronics manufacturer Samsung will test the possibility of offline payments with the state digital currency. On Monday, May 15, the Central Bank of South Korea (BOK) and Samsung Electronics signe ...

The tech giant has partnered with the central bank and will provide its NFC equipment May 15, tech giant Samsung and the South Korean Central Bank (BOK) signed a memorandum of cooperation. They will jointly test the use of CBDC in offline mode. The NFC mode, w ...

A bill has been introduced in Texas that would prohibit the use of digital currency in the state by the U.S. Federal Reserve (Fed). The document details why the digital dollar is a bad idea. "Retail CBDCs are issued ...

Zimbabwean authorities issued a digital currency, providing it with a reserve of gold totaling 140 kg. And this despite a warning from the International Monetary Fund that this policy could deplete reserves. The central bank has al ...

The governor of U.S. Florida has signed a law banning the use of digital currency in the state by the U.S. Federal Reserve (Fed). Earlier, the ban on the use of the digital dollar was supported by the state House and Senate. New law against state digital currency will tak ...

The International Monetary Fund called on the Zimbabwean authorities to replace the introduction of a digital state coin backed by gold with liberalization of the currency legislation. The IMF believes that the CBDC will not help solve macroeconomic problems such as the vol ...

The central bank of Brazil has invited financial institutions and other stakeholders to participate in the testing of the digital Brazilian real. Submissions for inclusion in the central bank's digital currency testing are open from May 2 to 12. The pilot program was o ...

The company unveiled this project as part of the LIFT Challenge It's an initiative by the Central Bank of Brazil as part of its CBDC perspective analysis The Visa platform allows even tiny businesses to access blockchain solutions and a pool of investors ...

This is how the country wants to overcome hyperinflation The release will take place in two stages, with the first CBDC only available as an investment vehicle The opposition has criticized the project and urged residents not to invest in it The Reser ...

GM! Binance returns to Russia, memcoins flourish on the market, and LUNA is not recognized as a security, Binance bursts into a liquid stacking with a native token, KuCoin users had $22 thousand stolen. phishing, and 4 billion Trust Wallet wallets at risk. We're also in the midst of a memcoin tre ...

The Reserve Bank of Zimbabwe (RBZ) has announced plans to introduce a novel gold-backed government cryptocurrency (CBDC) in a bid to stabilize the local currency. RBZ Governor Rjon Mangudiya has confirmed that the CBDC will be recognized as legal tender. By launching a digital currency linked ...

The Riksbank, Sweden's central bank, recently released a report detailing the findings of its third round of experiments with its state stablecoin. The report primarily focused on the governance and programmability of the digital currency. Riksbank's researchers emphasized that the digital kro ...

The authorities in the countries in the place of the former USSR have a complex attitude towards the legislative regulation of cryptocurrencies. A complete ban may alternate with extreme openness to blockchain transactions. The authoritie ...

Haruhiko Kuroda, the Governor of the Bank of Japan, has expressed his belief that a central bank's digital currency (CBDC) should work in tandem with other payment methods to enhance Japan's financial ecosystem. According to Kuroda, government-backed stablecoins can increase payment convenience f ...

The Islamic states have been alerted by the International Monetary Fund (IMF) regarding potential challenges that local banking systems may encounter when introducing digital currencies of central banks. According to IMF experts, the uneven development of Islamic banking and a limited number of c ...

The UAE Central Bank has announced a strategic partnership with G42 Cloud and R3 to facilitate the implementation of their CBDC (Central Bank Digital Currency) strategy. The CBUAE (Central Bank of the United Arab Emirates) representative has confirmed the successful completion of preliminary test ...

According to the governor of the Central Bank of Nigeria, the local government's digital currency has experienced a significant surge in transaction volume since its launch, with an increase of 63% to reach a transaction volume of $47.7 million. Godwin Emefiele revealed that, initially, after the ...

According to recent findings from Juniper Research, digital currencies issued by central banks are expected to experience significant growth by 2030, with transactions increasing by a staggering 210,000% to a value of $213 billion. Analysts believe that this surge will be fueled by central banks' ...

The Association of German Banks has appealed to the European Central Bank (ECB) to permit commercial financial institutions to participate in the creation and launch of the digital euro. They believe that the digital currencies of the Central Bank represent the next phase in the development of th ...

The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates have recently agreed to collaborate in the realm of cross-border money transfers, utilizing stablecoins backed by their respective governments. The central banks plan to conduct proof of concept (PoC) trials for paym ...

The San Francisco branch of the US Federal Reserve Bank has recently advertised a job opening for software developers to maintain their central bank digital currency (CBDC) system. This job posting was made on February 18th and is for a senior developer who will specialize in working on an applicati ...