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Global Surge in CBDC Development: 134 Countries Now Exploring Digital Currencies
19.9.2024
New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot or development stages. Every G20 nation is engaged in CBDC efforts, with notable leaders such as China and the European nations pushing...
Australia to Prioritise Wholesale CBDC Over Retail
18.9.2024
The Reserve Bank of Australia made a strategic commitment to prioritize work on a wholesale CBDC
Australia’s central bank launches 3-year program for wholesale CBDC
18.9.2024
RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present
Australia’s central bank launches 3-year program for wholesale CBDC
18.9.2024
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
17.9.2024
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
17.9.2024
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 currencies and cooperating with global partners,...
UK Finance, Member Banks See Benefits During Experimental Phase of a Tokenization, CBDC Platform
17.9.2024
Barclays, Citi UK, HSBC and Natwest participated in the Regulated Liability Network test
41 firms join BIS Project Agora to advance unified ledger applications
16.9.2024
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
16.9.2024
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 institutions following later. The initiative seeks...
Swift Unveils Plan to Integrate Digital Assets and Currencies Into Global Payment Network
15.9.2024
Swift has unveiled a plan to enable the movement of digital assets and currencies on its global payment network. The initiative aims to integrate regulated digital currencies into Swift’s platform, building on past experiments. “We’re paving the way towards real-world solutions that...
North Carolina resists the CBDC tide with new payments ban
13.9.2024
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
12.9.2024
The central bank wants to promote the widespread use of the digital ruble
Ripple Partners With Digital Euro Association for Euro CBDC
11.9.2024
Ripple, has partnered with the Digital Euro Association (DEA- a Frankfurt-based company specializing in CBSCs, stablecoin, and crypto…
China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals
11.9.2024
China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank digital currency (CBDC) have been...
North Carolina Rejects Federal Digital Currency, Overrides Governor’s Veto
11.9.2024
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 CBDC and state participation in Federal Reserve...
Accenture invests in Emtech to strengthen CBDC, fintech solutions
10.9.2024
The deal will see Emtech’s CBDC solutions and its regulatory and compliance sandboxes integrated into Accenture’s offerings
North Carolina Senate overrides governor veto to pass Fed CBDC ban bill
10.9.2024
A Senate veto-busting vote saw 12 Democrats who initially voted for North Carolina’s CBDC banning bill switch to backing Governor Roy Cooper’s veto
North Carolina Senate overrides governor veto to pass Fed CBDC ban bill
10.9.2024
A Senate veto-busting vote saw 12 Democrats who initially voted for North Carolina’s CBDC banning bill switch to backing Governor Roy Cooper’s veto
Russia Expands Digital Ruble Pilot With New Features: Widespread Use Expected in 2025
9.9.2024
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 by late 2025. According to officials, demand...
Central Bank of Brazil Reveals New Use Cases to Be Tested in Its Drex CBDC Second Pilot Phase
8.9.2024
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 for trading public securities, and even automating...