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Iran’s Digital Rial Near Launch, Central Bank Signals Progress

[Nov 26 6:30 AM] Iran’s central bank signals the imminent launch of the digital rial, a central bank digital currency (CBDC), to streamline payments and bolster international financial integration despite sanctions. Iran’s Central Bank Sends Clear Signals on the…

Stablecoins Are Not Your Friends

[Nov 19 6:01 PM] Stablecoins are often pitched as a stopgap method, or a friendly tool for people in the developing world who cannot handle the volatility of Bitcoin. They are framed as something complementary to Bitcoin, not in competition with it. Nothing could…

Bank of Canada Redirects Efforts Away From Retail CBDC

[Sep 23 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…

Bank of Korea to Launch CBDC Payment Trial in Supermarkets

[Sep 22 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…