Australia to Prioritize Wholesale CBDC Over Retail
[Sep 18 10:06 AM] The Reserve Bank of Australia made a strategic commitment to prioritize work on a wholesale CBDC.
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Australia’s central bank launches 3-year program for wholesale CBDC
[Sep 18 3:30 AM] RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present.
Blockchain could help UK’s $14.5T payments sector, says trade group
[Sep 17 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.
Russian Central Bank Eyes Digital Currency to Overcome Cross-Border Payment Obstacles
[Sep 17 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…
41 firms join BIS Project Agora to advance unified ledger applications
[Sep 16 8:41 PM] The large private companies will work with seven central banks on improving structural inefficiencies in international transfers.
Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025
[Sep 16 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…
Swift Unveils Plan to Integrate Digital Assets and Currencies Into Global Payment Network
North Carolina resists the CBDC tide with new payments ban
[Sep 13 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.
Russian Central Bank Targets July 2025 for Widespread Digital Ruble Use
[Sep 12 11:55 AM] The central bank wants to promote the widespread use of the digital ruble.
China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals
North Carolina Rejects Federal Digital Currency, Overrides Governor’s Veto
[Sep 11 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…
Accenture invests in Emtech to strengthen CBDC, fintech solutions
[Sep 10 7:21 PM] The deal will see Emtech’s CBDC solutions and its regulatory and compliance sandboxes integrated into Accenture’s offerings.
Russia Expands Digital Ruble Pilot With New Features: Widespread Use Expected in 2025
[Sep 9 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…
Central Bank of Brazil Reveals New Use Cases to Be Tested in Its Drex CBDC Second Pilot Phase
[Sep 8 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…
Visa and Santander Selected by Brazil’s Central Bank for a Second Phase of CBDC Pilot
[Sep 5 7:38 PM] In May 2023, the BCB selected 14 participants for the first phase of the pilot.
Central Bank of Brazil Hints at a Future Integration of AI Into Its CBDC
[Sep 5 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…
India’s HDFC Bank Launches New UPI and CBDC Features
[Sep 2 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…
JPMorgan Executive Sees Big Future for India’s CBDC Initiative
[Aug 30 6:30 AM] Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency unit, highlighted the rapid adoption of blockchain technology in India, particularly after the 2022 launch of the central bank digital currency (CBDC), the…
India’s Central Bank Governor Discusses CBDC Progress and International Strategy
[Aug 30 3:30 AM] The Reserve Bank of India (RBI) is actively exploring the potential of central bank digital currency (CBDC) on an international scale, according to Governor Shaktikanta Das at the Global Fintech Fest. The RBI is focusing on enhancing CBDC’s…
Hong Kong’s Project Ensemble sandbox ready to test asset tokenization
[Aug 28 4:38 PM] The HKMA’s project is gearing up for more testing after successful initial trials.
India mulls cross-border CBDC interoperability system
[Aug 28 8:03 AM] RBI Governor Shaktikanta Das advocates a plug-and-play system to enhance cross-border payment efficiency and CBDC interoperability.
RBI Governor Warns Against Rapid CBDC Launch, Advocates Gradual Approach
[Aug 27 12:30 AM] The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, has highlighted the challenges of implementing cross-border digital currency interoperability and the necessity for robust governance. He emphasized the…
India amasses 5M central bank digital currency users
[Aug 26 12:44 PM] India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions.
India's CBDC Has 5M Users, Can be Phased in Gradually: Central Bank Governor
[Aug 26 10:31 AM] India's central bank Governor Shaktikanta Das has said that while their retail central bank digital currency (CBDC) pilot has over 5 million users, there should not be in any rush to roll out a system-wide CBDC.
Wyoming Aims to Launch ‘Dollar-Dependent’ Stablecoin in Q1 2025
[Aug 26 8:30 AM] Wyoming plans to launch a dollar-based stablecoin, the Wyoming Stable Token, in Q1 2025. The digital asset aims to provide faster and cheaper transactions for individuals and businesses in the state. Governor Mark Gordon emphasizes the importance…
If your country has adopted a CBDC, you might be suffering
[Aug 23 5:33 PM] New research indicates that in countries where central bank digital currencies have been adopted or are under consideration, well-being is low.
RBI Report Highlights India’s Central Bank Digital Currency Development
[Aug 21 6:30 AM] India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC…
Polymarket Odds Suggest 81% Chance of RFK Jr. Exiting 2024 Race as Shanahan Hints at Trump Alliance
[Aug 20 8:30 PM] Based on Polymarket odds, Robert F. Kennedy Jr., a 2024 independent presidential candidate, has a 81% probability of exiting the race after his running mate, Nicole Shanahan, hinted that their campaign might align with former President Donald…
Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada
[Aug 16 2:30 AM] Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and…
Kyrgyz Republic proposes digital som legislation, CBDC launch by 2027
[Aug 9 6:39 PM] The small Central Asian country is currently taking public comments on its framework legislation.