Philippines Rules Out Blockchain for Wholesale CBDC Seen Likely by 2026: Report
[Feb 12 5:11 AM] The country's central bank does not plan on issuing a retail version of the digital currency.
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New Zealand Central Banker Adrian Orr Says Stablecoins Aren’t Stable: Report
[Feb 11 11:45 PM] The country's Central Banker says fiat money is more credible than stablecoins because it has the power of government behind it.
Project Mbridge Reaches Milestone: First Digital Dirham Cross-Border Settlement Goes Through
[Feb 2 5:30 PM] The first cross-border digital dirham payment was completed by Sheikh Mansour Bin Zayed Al Nahyan, Chairman of the Board of the Central Bank of the UAE, using the Mbridge platform, a central bank digital currency (CBDC) liquidity and…
30 Banks Participating in Russia’s Central Bank Digital Currency Pilot
[Feb 1 10:30 PM] The number of banks participating in Russia’s central bank digital currency pilot has increased to 30. Seventeen banks have signed an agreement with the Bank of Russia to participate in the digital ruble program. They will join 13 other…
India Keeps Stiff Taxes on Crypto as Interim-Budget Is Revealed in Election Year
[Feb 1 1:18 AM] India has not introduced any changes to the controversial tax deducted at source (TDS) affecting the crypto industry.
RFK Jr. and Donald Trump Both Vow to Stop the Fed From Issuing US Central Bank Digital Currency if Elected
[Jan 28 8:30 PM] U.S. presidential candidates Robert F. Kennedy Jr. (RFK Jr.) and Donald Trump have independently promised the American people to stop the creation of a central bank digital currency (CBDC) in the U.S. if elected President. “I will protect…
Bank of England, HM Treasury Respond to Digital Pound Consultation Amid Strong Public Interest
[Jan 26 11:00 PM] Amidst public interest, the Bank of England and HM Treasury have addressed key concerns regarding the digital pound, reassuring the public of stringent legislative measures for privacy and control, alongside the maintenance of traditional cash. HM…
Bank Of England Reconsiders: Potential Freeze On CBDC Launch Raises Concerns
[Jan 25 10:00 PM] On January 25, the Bank of England (BoE) and HM Treasury published a response to the Consultation Paper regarding a ‘digital pound’ issued in February of 2023. The consultation paper sought the public’s feedback on introducing a UK central bank…
Digital Pound Legislation Will Provide Protections to Privacy and Control, Govt Says
[Jan 25 4:33 AM] Many respondents to the digital pound consultation said that they had concerns about privacy and control.
Congressman Tom Emmer Offers to Help Donald Trump Fight Central Bank Digital Currencies
Donald Trump Promises to Block Digital Dollar Creation — Calls CBDC ‘Dangerous Threat to Freedom’
[Jan 18 9:30 PM] Former U.S. President Donald Trump has promised to stop the creation of a U.S. central bank digital currency (CBDC) if he is elected president of the United States. He explained that a digital dollar would give the federal government…
Donald Trump Is the Latest Republican to Use CBDCs as a Dog Whistle
[Jan 18 12:43 PM] The presidential candidate declared fevered opposition to a digital dollar on Wednesday night, even though there are no official plans for one in the U.S. Why?
Report: Egypt Wants to Have a Functioning CBDC by 2030
[Jan 16 2:00 AM] Egypt reportedly aims to launch a central bank digital currency by 2030 to boost the competitiveness of its national currency. According to an Egyptian economic expert, a digital currency issued by the central bank is more secure than privately…
ECB Member Isabel Schnabel: Bitcoin Is ‘Speculative,’ ‘Unlikely’ to Be Purchased by the Bank
[Jan 12 3:30 PM] Isabel Schnabel, member of the European Central Bank (ECB) executive board, has blasted bitcoin’s characteristics, stressing that it is a speculative asset unlike central bank digital currencies (CBDC) like the proposed digital euro. Schnabel…
Then They Fight You
[Jan 8 7:30 AM] All great revolutions encounter resistance as social change moves its way through the people. This can happen gradually then suddenly, but resistance will be there. People do not easily change their world views. We (Americans) are about to…
75 US Lawmakers Now Support CBDC Anti-Surveillance Bill
[Jan 2 12:30 AM] Congressman Tom Emmer’s CBDC Anti-Surveillance State Act now has 75 cosponsors. “A central bank digital currency is government-controlled programmable money that, if not designed to emulate cash, could give the federal government the ability to…
Bank of China Completes First Precious Metal Digital Yuan Settlement
[Dec 21, 2023 9:30 PM] The Shanghai branch of the Bank of China has completed the first settlement of precious metals using the digital yuan. The transaction, finalized on December 19, allowed the Shanghai Gold Exchange to close a $14 million precious metal trade after…
Vladimir Putin's Signature Brings Digital Ruble Into Russia's Tax Code
[Dec 21, 2023 12:24 AM] Russia's digital ruble has been integrated into the nation's tax code after its President Vladimir Putin signed the move into law.
Palau Moves Ahead With Second Phase of Stablecoin Pilot
[Dec 17, 2023 11:30 PM] The Republic of Palau has announced the launch of the second phase of its stablecoin project. Jay Hunter Anson, a member of the board of directors of Palau’s Ministry of Finance (MOF), declared that the new phase will focus on building a…
Palau advances CBDC with Ripple in Phase 2 of PSC program launch
[Dec 17, 2023 1:48 AM] Phase 2 of the PSC program will prioritize the development of a digital ecosystem and increased user engagement, emphasizing adherence to regulatory compliance.
Bank Of China Completes First Cross-Border Digital Yuan Commodities Trade
[Dec 16, 2023 3:00 AM] The Bank of China Hong Kong, the second largest bank in the region, has completed its first cross-border digital yuan-based trade. The transaction, finalized with its sibling bank, the Bank of China, served to receive the payment for an imported…
Kazakhstan central bank reviews digital tenge pilot successes, next steps
[Dec 15, 2023 3:35 PM] The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come.
Ripple issues white paper on CBDCs, reiterates belief in their potential
[Dec 15, 2023 2:10 AM] The white paper states that CBDCs help expand financial inclusion, streamlining cross-border payments and reinforcing monetary policy control.
City of Basel Settles Tokenized Bonds Using Wholesale CBDC
[Dec 12, 2023 3:30 AM] The Swiss city of Basel recently settled a series of tokenized bonds using a wholesale central bank digital currency (WCBDC) as part of Helvetia III, a WCBDC pilot program. The system is designed to prioritize efficiency, as having on-chain funds…
Bank of Russia States Digital Ruble Pilot Will Continue Until the End of 2024
[Dec 11, 2023 3:30 AM] The Bank of Russia has offered an update on the future of the digital ruble pilot, the Russian central bank digital currency (CBDC). The bank’s press service clarified that the pilot will continue throughout 2024 and until the massification…
Palau’s Ripple-supported stablecoin pilot achieves positive results
[Dec 8, 2023 3:20 PM] The U.S. dollar-pegged Palau Stablecoin was used by 168 volunteers for $100 of retail purchases in three months.
Taiwan central bank completes wholesale CBDC study, plans next steps
[Dec 8, 2023 12:45 PM] A central bank official spoke about ongoing CBDC research and other payment modernization Taiwan is exploring.
Brazil to Discuss Digital Currency Usage for Financial Transactions in G20
[Dec 7, 2023 5:30 PM] Brazil will address the subject of digital currencies and how they can improve the financial system for the Group of Twenty (G20). Roberto Campos Neto, president of the Central Bank of Brazil, stated he wants the G20 to consider the benefits of…
Italy and South Korea central banks agree on CBDC cooperation
[Dec 5, 2023 7:43 AM] The central banks of Italy and South Korea announced a memorandum of understanding in the development and deployment of their respective CBDCs.
UK House of Commons recommends further CBDC tests on viability, risks
[Dec 4, 2023 1:28 AM] The U.K. Parliamentary Committee fears that an official launch will demand a significant investment, adding that “It is not clear to us at this stage whether the benefits are likely to outweigh these risks.”