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Russia to Launch Digital Ruble Transactions With Real Users in August

[Jul 27, 2023 5:30 AM] Banks taking part in the digital ruble pilot will begin testing transactions with actual clients in mid-August, according to a top executive of one of the financial institutions. The trials are set to start weeks after Russia adopted dedicated…

Chinese, Indian investment professionals show strong support for CBDC in new survey

[Jul 26, 2023 12:02 PM] The CFA Institute asked members around the world how they felt about CBDCs. Their responses might surprise the crypto community.

Existential threat? Why some banks are anxious about CBDCs

[Jul 26, 2023 7:01 AM] The prospect of a retail CBDC has some major banks anxious over their revenue streams.

USD-backed stablecoin pilot project launched by Pacific island nation of Palau

[Jul 25, 2023 6:00 PM] The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees.

Putin Signs Digital Ruble Law Allowing CBDC Payments in Russia

[Jul 25, 2023 4:00 PM] President Vladimir Putin has signed into law a bill on the introduction of the digital ruble in the Russian Federation. The new legislation, which legalizes and regulates the use of Bank of Russia’s digital currency for payments and other…

Wyoming seeks ‘stable token’ commission head in first steps to establish state stablecoin

[Jul 25, 2023 2:19 AM] The state seeks someone with connections and expertise in the blockchain industry, promising a $150,000 annual salary.

Russian Introduces A Third Form Of Currency As Putin Signs Digital Ruble Into Law

[Jul 24, 2023 2:30 PM] Russia is progressing with its central bank digital currency (CBDC). President Vladimir Putin has endorsed the digital ruble bill, signing it into law on July 24. As a result of this approval, the digital ruble law is officially set to take effect…

Putin Signs Digital Ruble Law Making a CBDC Possible in Russia

[Jul 24, 2023 11:30 AM] The new law describes a legal framework for a central bank digital token

Putin signs law on introduction of digital ruble in Russia

[Jul 24, 2023 7:03 AM] Russian citizens will not be forced to use the digital ruble, and use of the CBDC will be a voluntary choice for people to make, the governor of the Bank of Russia said.

Korean banks research stablecoin, CBDC alternative

[Jul 24, 2023 4:32 AM] Hana Bank plans to research certificates of deposit tokens, while Woori Bank’s research department has recently released a report on the tokens.

Congressman Warren Davidson calls to ban and criminalize CBDCs

[Jul 23, 2023 10:17 PM] “Money should not be programmable by a central authority,” argues Republican Representative Warren Davidson.

Federal Reserve of San Francisco hiring crypto architect for CBDC project

[Jul 23, 2023 3:42 PM] San Francisco's Federal Reserve Bank is seeking a crypto architect for a central bank digital currency (CBDC).

Nigerian central bank adds NFC upgrade to eNaira for contactless payments

[Jul 23, 2023 2:02 AM] The central bank reportedly emphasized that the addition of NFC technology will play a crucial role in boosting the adoption rates for the CBDC.

Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar

[Jul 21, 2023 11:58 AM] The U.S. Federal Reserve denies that its new instant payments service, FedNow, is in any way tied to the digital asset space. But experts say the new system could lay the groundwork for the infrastructure needed for a potential central bank digital…

Kids Won’t Be Able to Spend Mom’s Digital Ruble as They Wish, Russian Official Says

[Jul 21, 2023 5:30 AM] The new form of Russia’s fiat, the digital ruble, will make spending more efficient for both government and family budgets, according to a high-ranking lawmaker. Anatoly Aksakov, who was involved in the recent adoption of the new digital ruble…

Wholesale CBDC Would Improve Cross-Border Payments, French Central Bank Tests Show

[Jul 21, 2023 5:11 AM] The French Central Bank has determined that its wholesale central bank digital currency (wCBDC) would improve cross-border payments, it announced on Friday.

Digital yuan integration introduced to Chinese business air travel

[Jul 21, 2023 2:37 AM] The Civil Aviation Administration and China Merchants Bank said passengers can utilize the central bank digital currency to access new services via this platform.

Federal Reserve Launches Fednow for Instant Payments — JPMorgan, Wells Fargo, and 33 Banks Onboard

[Jul 20, 2023 5:30 PM] The Federal Reserve has launched its Fednow Service for instant payments with 35 participating banks and credit unions, as well as 16 service providers. “The Federal Reserve is committed to working with the more than 9,000 banks and credit unions…

Fed Dramatically Speeds Up U.S. Payments With FedNow, but Downplays Any Tie to CBDCs

[Jul 20, 2023 8:36 AM] Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar.

South Korean central bank charts out future course of payment systems, CBDC

[Jul 19, 2023 3:40 PM] The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country.

Russian CBDC by 2025? What’s happening with the digital ruble

[Jul 19, 2023 7:01 AM] 2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then.

Ripple Expects Business to Pick Up in the US After Landmark Ruling

[Jul 19, 2023 3:30 AM] Ripple, a cryptocurrency and remittance services company, expects to start offering its services to U.S.-based businesses after the recent ruling that determines the XRP token is not “necessarily a security” on its face. Stuart…

Ron DeSantis Promises to Ban CBDCs if Elected President

[Jul 17, 2023 10:55 AM] DeSantis in March signed a bill as Florida’s governor to prohibit the use of CBDC’s within his state.

‘Done, Dead’ — DeSantis to Nix Central Bank Digital Currency on Day 1

[Jul 16, 2023 4:00 AM] Central bank digital currency (CBDC) is a “massive threat” to liberty, Republican Governor of Florida Ron DeSantis is convinced. During an interview with former Fox News host Tucker Carlson, DeSantis vowed to send CBDC “to the ash heap of history”

Ron DeSantis vows to ban CDBCs in the US if elected president

[Jul 15, 2023 10:10 AM] Speaking at the Family Leadership Summit on July 14, DeSantis promised to ban CBDCs in the United States if he is elected president.

United Kingdom’s digital pound meets public backlash — Why?

[Jul 14, 2023 7:10 AM] The use of physical currency for transactions is plummeting globally, so why is the U.K. so tentative with its own central bank digital currency?

Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments

[Jul 12, 2023 10:30 PM] The state-owned financial institution Bank of China has revealed a partnership with China Unicom and China Telecom in order to test SIM cards and near-field communication (NFC) payments tethered to the renminbi. The Bank of China explains that the…

Central Banks Controlling Money Is Not Democracy, Balaji Srinivasan Says

[Jul 12, 2023 5:30 AM] If central banks control all uses of money, this is not democracy, Coinbase’s ex-tech chief Balaji Srinivasan is convinced. The entrepreneur commented on statements by the head of the Bank of International Settlements during an IMF meeting devoted…

Bank of China trials offline payments for digital yuan via SIM cards

[Jul 12, 2023 3:27 AM] The bank plans to enable users to make phone payments by integrating its e-CNY app with specialized "super SIM cards" that have near-field communication capabilities.

Russian parliament passes digital ruble bill

[Jul 12, 2023 2:45 AM] The legislation will now move to the upper chamber of the Russian Federal Assembly and, if passed, to the president’s desk.