13 / 25 Relevant items tagged with #CBDC

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Russia to begin CBDC trials with 13 banks

[Aug 9, 2023 7:43 AM] According to Olga Skorobogatova, first deputy governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project.

Russia to Test Digital Ruble With Banks, Clients

[Aug 9, 2023 6:28 AM] The country's central bank will begin real-world tests of the digital currency with 13 banks and limited clients on Aug. 15.

Japanese startup to use stablecoins and CBDC to link Asian countries

[Aug 8, 2023 7:37 AM] Soramitsu is developing a cross-border payment system that uses Cambodia’s CBDCs and targets Japan, India, China and Southeast Asia.

Brazilian CBDC gets official name and logo

[Aug 8, 2023 3:45 AM] Previously commonly referred to as “digital real”, Brazilian central bank digital currency gets its official brand name.

Latam Insights — Honduras Opens Public CBDC Consultation, Venezuela Applies to Enter BRICS

[Aug 6, 2023 11:30 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Honduras opens a central bank digital currency (CBDC) consultation, Venezuela applies officially to join…

CBDC supporter likely in White House next term, crypto divide not red v. blue: Grayscale

[Aug 4, 2023 3:45 PM] The crypto asset manager took a look at the leading U.S. presidential candidates’ positions and did not see a partisan divide.

Bank of Russia reveals digital ruble’s logo and commission fees

[Aug 4, 2023 2:11 AM] From 2025 business-to-business transactions will cost $0.16 each, while individual customers will pay 0.3% of the total transaction sum when transferring to commercial accounts.

Digital Dollar Project completes CBDC retail remittance pilot with Western Union

[Aug 3, 2023 3:30 PM] The project simulated transfers to customers of BDO Unibank in the Philippines with improved settlement time, cost and transparency.

MIT Digital Currency Initiative introduces at-scale, programmable CBDC platform

[Aug 2, 2023 1:15 PM] PARSEC (Parallelized Architecture for Scalably Executing Smart Contracts) runs on the ERC-20 standard, so it could have other applications too.

Nigeria’s SEC warns against trading on Binance

[Aug 1, 2023 3:30 AM] The agency insists that the platform doesn’t have a license to work in the country and that its operation is illegal.

Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report

[Jul 31, 2023 8:43 AM] Jeju, Busan and Incheon are in the running to be considered.

South Korea to pilot CBDC in one of these three cities, not Seoul

[Jul 31, 2023 3:50 AM] South Korea pushes forward with its CBDC pilot and targets three potential test regions for issuing and distributing the digital currency.

If Bitcoiners Don’t Do More, CBDCs Will Win

[Jul 28, 2023 6:00 AM] This is an opinion editorial by Logan Chipkin, a professional writer who creates educational content about Bitcoin and other topics.In “The Fiat Standard,” economist Saifedean Ammous argues at length that the United States federal government has…

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.