Latest News and Articles about CBDC
Russia’s CBR Tests Digital Ruble with Smart Contracts in Tatarstan
Central Bank of Russia Advances Digital Ruble Testing in Tatarstan The Central Bank of Russia (CBR) is taking bold steps into the future of currency with a pilot program in Tatarstan, testing the digital ruble’s smart contract capabilities. This initiative aligns with a global surge in Central Bank Digital Currency (CBDC) exploration, with 134 countries […]
Read MoreRipple’s XRP Under Scrutiny: Legal Battles, CBDC Shifts, and Market Viability
Ripple’s XRP Faces Scrutiny: Analyzing Its Use Case and Future Prospects Ripple’s XRP token continues to captivate the crypto world, despite facing a prolonged legal battle with the SEC. Recent developments, including a shift towards Central Bank Digital Currencies (CBDCs), have sparked debate about XRP’s long-term viability. Amidst this, Ripple’s payment network, RippleNet, showcases robust […]
Read MoreIraq and Israel Push Forward with CBDCs: Digital Dinar and Shekel Initiatives Unveiled
Iraq and Israel Advance CBDC Initiatives: Digital Dinar and Shekel on the Horizon Can digital currencies transform the financial landscapes of Iraq and Israel? Both nations are betting on it with their Central Bank Digital Currency (CBDC) initiatives. A CBDC is a digital form of a country’s currency, issued and backed by the central bank, […]
Read MoreEuropeans Shun Digital Euro: ECB Faces Uphill Battle Amid Skepticism
Europeans Reject the Digital Euro: Is the ECB Fighting a Losing Battle? The European Central Bank (ECB) is pushing forward with the digital euro, a digital form of money issued by a central bank, to modernize the European financial system. Yet, recent findings reveal widespread skepticism among European consumers, highlighting a significant challenge for the […]
Read MoreNamibia Forges Ahead with CBDC Despite IMF Warnings
Namibia Defies IMF’s Caution, Presses On with CBDC Project Namibia’s central bank is boldly pushing ahead with its Central Bank Digital Currency (CBDC) project, aiming to enhance financial inclusion and streamline cross-border payments, despite the International Monetary Fund’s (IMF) advice to pause and reassess. BoN advances CBDC project against IMF advice Aims to enhance financial […]
Read MoreTrump’s Bold Moves to Safeguard US Dollar Amid Global Shift to CBDCs
President Trump’s Playbook for Protecting the US Dollar’s Global Power President Trump is taking decisive actions to maintain the US dollar’s global dominance, amidst a shifting financial landscape where countries like China, Hong Kong, Thailand, the UAE, and Saudi Arabia are exploring alternatives. mBridge: A cross-border CBDC to bypass the US dollar and SWIFT BIS […]
Read MoreECB Launches Blockchain Payment System for Central Bank Settlements, Rejects Bitcoin as Reserve
ECB Advances Blockchain-Based Payment System for Central Bank Settlements The European Central Bank (ECB) is making strides in financial technology by developing a blockchain-based payment system for central bank settlements. Announced on February 20, 2025, this initiative aims to integrate distributed ledger technology (DLT) into the European financial system, potentially paving the way for a […]
Read MoreIndia’s e-Rupee Faces UPI’s Dominance: Can It Compete?
India’s e-Rupee: A Digital Leap Forward or a Step Behind UPI? India’s e-rupee, launched by the Reserve Bank of India (RBI) with fintech partners MobiKwik and Cred, aims to revolutionize the digital economy, but faces challenges competing with the established Unified Payments Interface (UPI). RBI launches e-rupee with MobiKwik and Cred. E-rupee aims to reduce […]
Read MoreBank of Papua New Guinea Completes CBDC Trial, Plans Cross-Border Expansion
Bank of Papua New Guinea Completes CBDC Trials, Eyes Cross-Border Expansion – BPNG completes CBDC proof-of-concept trial – Partners include Soramitsu, Mitsubishi, JICA, Japanese gov’t – Focus on financial inclusion & payment system modernization – Legal and regulatory gaps need addressing – Future studies to involve more institutions & explore cross-border payments Papua New Guinea […]
Read MoreCardano Founder Charles Hoskinson Slams Wyoming’s Secretive Stablecoin Project
Freeze, Seize, and Sidelined: Cardano Founder Slams Wyoming’s Stablecoin In a fiery livestream, Cardano founder Charles Hoskinson didn’t hold back as he slammed Wyoming’s secretive stablecoin project, criticizing its lack of transparency and undisclosed “freeze and seize” capabilities that he claims unfairly excluded Cardano from the bidding process. Charles Hoskinson criticizes Wyoming’s stablecoin for lack […]
Read MoreGlobalData Survey Reveals CBDC Adoption Struggles: Privacy and Interoperability Key Issues
Retail CBDCs Struggle to Gain Traction: A Global Dilemma Despite the buzz around Central Bank Digital Currencies (CBDCs), a recent GlobalData survey reveals a surprising truth: consumers are not rushing to embrace this new form of digital money. With only a handful of countries like the Bahamas and Nigeria fully launching their CBDCs, the uptake […]
Read MoreTrump Bans CBDCs, Boosts Digital Assets and Blockchain in Executive Order
Stopping the Central Bank Digital Currency: A Presidential Commitment by Donald Trump – Trump’s executive order bans CBDCs and champions digital assets. – Supports stablecoins and blockchain, mandates clear regulations. – Establishes a working group to shape the future of digital finance. On January 23, 2025, President Donald J. Trump dropped a bombshell on the […]
Read MoreTom Emmer Appointed Vice Chair of Digital Assets Subcommittee: A Crypto-Friendly Move
Pro-Crypto Congressman Tom Emmer Takes Helm as Vice Chair of Digital Assets Subcommittee In a landmark move that signals a bullish stance on cryptocurrency from the U.S. government, Minnesota Congressman Tom Emmer, a vocal advocate for the digital asset space, has been appointed Vice Chair of the House Subcommittee on Digital Assets, Financial Technology, and […]
Read MoreEmma Reynolds Appointed U.K. Economic Secretary to Lead Crypto and CBDC Initiatives
U.K. Appoints Emma Reynolds as Economic Secretary to Oversee Crypto and CBDC Plans Emma Reynolds has been appointed as the U.K.’s new economic secretary, replacing Tulip Siddiq who stepped down for personal reasons. Charged with overseeing the nation’s cryptocurrency regulation and the development of a central bank digital currency (CBDC, a digital form of a […]
Read MoreU.K. Central Bank Launches Digital Pound Labs to Explore CBDC Viability
U.K. Central Bank Opens Digital Pound Labs to Test CBDC Feasibility Imagine a future where your pounds are digital. The Bank of England (BoE) is now exploring this reality by launching “Digital Pound Labs,” an initiative aimed at testing the feasibility of a central bank digital currency (CBDC), or digital pound. BoE launches Digital Pound […]
Read MoreRBI Boosts Digital Rupee: Officer Reimbursements and Gig Worker Loans Initiated
India’s RBI Pushes Digital Rupee Adoption with Officer Reimbursements In a bold move to revolutionize India’s financial landscape, the Reserve Bank of India (RBI) is pushing the envelope with its digital rupee initiative. By depositing reimbursement allowances directly into its officers’ Central Bank Digital Currency (CBDC) wallets, the RBI aims to foster greater familiarity and […]
Read MoreRussia Mandates Digital Ruble Use Starting July 2025: Banks and Merchants Required
Russia’s State Duma Pushes Forward with Digital Ruble Mandate Russia’s State Duma has introduced a new bill that mandates the use of the digital ruble, the country’s central bank digital currency (CBDC), starting from July 1, 2025. Russia’s CBDC, the digital ruble, becomes mandatory for banks and merchants. Implementation begins July 1, 2025, expanding to […]
Read MoreSingapore’s Central Bank Embraces Stablecoins, Eyes Tight Regulation
Singapore’s Central Bank Sees Bright Future for Stablecoins as Payment Instruments The Monetary Authority of Singapore (MAS) is cautiously optimistic about the potential of stablecoins to become a mainstream payment method, provided they are tightly regulated. MAS’s managing director, Chia Der Jiun, emphasized the critical role of regulation in maintaining value stability, setting the stage […]
Read MoreSberbank Joins Russia’s Digital Ruble Pilot, Boosting CBDC Adoption
Russia’s Largest Bank Joins Digital Ruble Pilot Program Russia’s financial giant, Sberbank, has boldly stepped into the digital age by joining the digital ruble pilot program. Alongside TBank and Tochka Bank, this move elevates the total number of participating credit organizations to 15, showcasing the Central Bank of Russia’s (CBR) strong support for digital currency. […]
Read MoreRBI’s Digital Rupee Struggles Against UPI Dominance in India
Is RBI’s Push for Instant Payments Hindering CBDC Adoption? In Mumbai, trying to pay for your chai with the new digital rupee might feel like bringing a knife to a gunfight, as everyone around you swipes their UPI. The Reserve Bank of India (RBI) rolled out its blockchain-based Central Bank Digital Currency (CBDC), the digital […]
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