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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…

American retailer Target to roll out AI chatbot in US stores by August

[Jun 20 11:02 PM] The AI chatbot, Store Companion, will be used on handheld devices, providing staff members with immediate answers to any work-related questions they may have.

Brazilian CBDC Pilot Postponed to 2025 Due to Inefficiency of Privacy Solutions

[May 26 1:20 PM] The Central Bank of Brazil announced the postponement of the completion of the drex pilot, the Brazilian CBDC, due to the inefficiency of the privacy solutions presented for the project so far. The pilot will have a new phase, finalized in 2025…

South Korea to Pilot CBDC With 100,000 Citizens in 2024: Report

[Nov 23, 2023 4:18 AM] The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers.

Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says

[Oct 30, 2023 6:23 AM] A retail central bank digital currency could add unique value to the existing payments ecosystem and enable new types of economic transactions, but further investigation is needed, Hong Kong's central bank said.

CFTC Commissioner Pitches Pilot Program for U.S. Crypto Regulation

[Sep 7, 2023 11:45 AM] The U.S. watchdog for derivatives markets should create a limited pilot program for regulating cryptocurrencies, said Caroline Pham, one of the members of the Commodity Futures Trading Commission (CFTC).

Only 2 % of Russians Ready to Keep All Their Savings in Digital Ruble: Poll

[Aug 27, 2023 3:30 AM] While over half of Russians are willing to put some money into their nation’s digital ruble, only 2% say they would keep all their savings in it. Insufficient information and fear of system failures are among the biggest factors turning people away…

Australia's CBDC Likely Some Years Away, Central Bank Says

[Aug 23, 2023 12:23 AM] Australia will not be making any decision on a central bank digital currency (CBDC) for some years due to several unresolved issues.

Russia to Test Digital Ruble in 11 Cities, Moscow Subway

[Aug 12, 2023 1:30 AM] Russia’s capital Moscow and 10 other cities will host pilot tests for the digital ruble, Bank of Russia Deputy Governor Olga Skorobogatova announced. Over a dozen Russian banks are going to take part in the trials with real transactions and users…

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…

CBDCs aren't about solving today's problems — Australia's CBDC lead

[Jun 29, 2023 9:21 PM] Dilip Rao, a former Ripple executive who's now leading Australia’s CBDC pilot has been examining 14 possible use cases of central bank digital currencies.

Russia to Trial Digital Asset Settlements in Foreign Trade

[Jun 16, 2023 11:30 PM] Bank of Russia plans to pilot cross-border payments using digital assets and central bank digital currencies, according to a deputy governor. The top executive believes these alternative instruments could increase efficiency in foreign trade while…

AIs and fries: Wendy’s to trial chatbot drive-thru operator

[May 9, 2023 11:38 PM] Wendy’s says its "FreshAI" bot reduces costs allowing funds to be focused elsewhere, others worry that eventually, those less skilled will be jobless.

Iran’s Crypto Rial Project Enters Trial Phase

[Mar 10, 2023 3:30 AM] The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s…

Bank of Japan to Launch Digital Yen CBDC Pilot Later This Year

[Feb 22, 2023 3:30 AM] The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained that the goals of this new pilot are to test the…

Bank of Russia to Start Testing Digital Ruble With Real Users on April 1

[Feb 19, 2023 11:30 PM] The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More than a dozen banks will join the upcoming stage of the pilot project, a high-ranking representative of…

Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year

[Feb 14, 2023 11:00 PM] Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in Kyiv is now in talks with the central bank and businesses involved in the project to pilot the…

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

[Feb 3, 2023 2:00 AM] Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be…

Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023

[Jan 16, 2023 10:30 PM] The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals for the pilot which the monetary authority…

Australian CBDC receives unexpected interest but could hurt banks: RBA

[Dec 7, 2022 11:56 PM] The pilot "eAUD" program is unique in that the Reserve Bank of Australia has not proposed use cases, and has received numerous suggestions from the industry.

Russia’s Digital Ruble Integrated Into Banking App

[Nov 12, 2022 3:30 PM] VTB has become the first Russian bank to add the digital ruble to its mobile application. The integration is currently being tested with accounts set up for legal entities. Select customers will be granted access in the coming months and will be…