[Oct 15, 2024 5:30 AM] Utah Republican senator Mike Lee outlined three major regulatory risks to the cryptocurrency industry at the recent Permissionless III crypto conference. They are the creation of a central bank digital currency (CBDC), fragmented state regulations…
[Oct 14, 2024 11:35 PM] Blackrock CEO Larry Fink has emphasized bitcoin’s growing legitimacy as an investment, calling it an alternative to commodities like gold. “We believe bitcoin is an asset class in itself,” said the CEO of the world’s largest…
[Oct 13, 2024 10:10 PM] The Brazilian Central Bank is opening the drex CBDC pilot to new entrants, aiming to test more advanced use cases and privacy solutions for the project’s second phase. Thirteen use cases have been confirmed, including carbon credits…
[Oct 10, 2024 1:30 AM] Ripple has been named a Platinum Winner for Best Cross-Border Payments Platform in Juniper Research’s 2024 Future Digital Awards for Fintech & Payments. Other winners included Huawei for mobile money, SAP Fioneer for banking-as-a-service…
[Oct 3, 2024 10:02 AM] SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its upcoming digital currency trials in 2025.
[Sep 26, 2024 2:30 AM] The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as…
[Sep 23, 2024 8:45 PM] The Bank of Canada has announced a strategic shift away from developing a retail Central Bank Digital Currency (CBDC) to focus on broader payments system research and policy development. This decision follows a public consultation in 2023, which…
[Sep 23, 2024 7:29 AM] Canada is shifting its focus away from a retail central bank digital currency after years of research, its central bank announced last week.
[Sep 22, 2024 8:30 AM] South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants…
[Sep 19, 2024 9:39 AM] Charles Hoskinson plans to meet with Argentina President Javier Milei to discuss how blockchain can rewrite global economic and political systems.
[Sep 19, 2024 2:30 AM] New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot or development stages. Every G20 nation is engaged in CBDC efforts, with notable…
[Sep 18, 2024 3:30 AM] RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present.
[Sep 17, 2024 6:16 AM] Trade group UK Finance hailed experiments on the Regulated Liability Network as a success but called for further talks with regulators to develop the system.
[Sep 17, 2024 2:30 AM] Elvira Nabiullina, head of Russia’s central bank, has highlighted challenges in cross-border settlements, including payment issues and falling trade volumes. She emphasized the importance of finding new solutions, such as using digital…
[Sep 16, 2024 8:41 PM] The large private companies will work with seven central banks on improving structural inefficiencies in international transfers.
[Sep 16, 2024 5:30 AM] The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller…
[Sep 15, 2024 12:30 AM] Swift has unveiled a plan to enable the movement of digital assets and currencies on its global payment network. The initiative aims to integrate regulated digital currencies into Swift’s platform, building on past experiments. “We’re…
[Sep 13, 2024 2:00 PM] A new law in North Carolina seeks to ban CBDCs in the state, but there are questions about whether the new legislation is even legal.
[Sep 11, 2024 3:30 AM] China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese…
[Sep 11, 2024 1:30 AM] The North Carolina General Assembly has overridden Governor Roy Cooper’s veto to enact a bill prohibiting a central bank digital currency (CBDC) in the state. The Senate voted 27-17, securing the required supermajority. The bill bars payments using…
[Sep 9, 2024 12:30 AM] Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested. Full-scale implementation is expected…
[Sep 8, 2024 6:10 PM] The Central Bank of Brazil disclosed a new set of use cases that will be part of the second phase of the ongoing pilot of its drex CBDC. Among the 13 instances selected from the 46 presented are platforms for tokenizing real estate, liquidity pools…
[Sep 5, 2024 10:30 AM] The Central Bank of Brazil has hinted at implementing artificial intelligence (AI) and data monetization processes into Drex, its central bank digital currency (CBDC). In a recent presentation, Roberto Campos Neto, the Central Bank of…
[Sep 2, 2024 6:30 AM] HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its customers. Announced at the Global Fintech Fest 2024 in…
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