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New Zealand Central Banker Adrian Orr Says Stablecoins Aren’t Stable: Report
12.2.2024
The country's Central Banker says fiat money is more credible than stablecoins because it has the power of government behind it
Belarus CBDC ‘Will Let Nation Decentralize Cross-border Trade,’ 2026 Rollout Confirmed
8.2.2024
Belarus’ Central Bank thinks its new CBDC will let Minsk “decentralize cross-border trade,” and has earmarked a national rollout for 2026. Per ONT, the National Bank of Belarus (NBB)’s Deputy Head of Research and Strategic Development Mikhail Demidenko, said: “The [goal] is primarily...
Belarus Sanctions ‘Antidote?’ Minsk Confirms ‘Blockchain-powered CBDC’ Launch
7.2.2024
Minsk is looking for ways to end Belarus’ sanctions woes, with its central bank confirming the planned launch of a blockchain-powered CBDC. Per Sputnik Belarus, the National Bank of Belarus (NBB) is keen to make use of smart contract technology. A spokesperson told reporters on February 3: “We plan...
Trump Calls CBDC a “Very Dangerous Thing,” Criticizes Artificial Intelligence
5.2.2024
Former president and leading Republican presidential candidate Donald J. Trump called the prospect of a central bank digital currency (CBDC) a “very dangerous thing” during a February 2 interview on Fox Business. Trump Doubles Down On Anti-CBDC Stance Fielding questions from Maria Bartiromo, Trump...
Veteran Investor Jim Rogers Skeptical About Bitcoin as Future Currency
5.2.2024
Legendary investor Jim Rogers believes that governments are unlikely to authorize Bitcoin, or other major cryptocurrencies, as official fiat money. “I don’t see cryptocurrencies becoming money because governments do not want that competition,” he said in a recent interview with Kitco News....
Project Mbridge Reaches Milestone: First Digital Dirham Cross-Border Settlement Goes Through
3.2.2024
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 interconnection tool. The settlement involved sending 50 million...
Reserve Bank of India Furthers CBDC Efforts: Report
2.2.2024
The Reserve Bank of India (RBI) is now exploring tech solution for privacy concerns of central bank digital currency (CBDC). According to an insider who is familiar with the government’s CBDC moves, India is making progress in CBDCs with caution. The unnamed source told CoinDesk that the central...
UAE and China Complete First $13.6M Cross-Border CBDC Transaction
2.2.2024
The United Arab Emirates and China have executed their first cross-border central bank digital currency (CBDC) transaction valued at $13.6 million using digital dirham and digital yuan. According to People.cn, the 50-million-dirham ($13.6 million) transaction occurred via the m-CBDC Bridge platform...
30 Banks Participating in Russia’s Central Bank Digital Currency Pilot
2.2.2024
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 banks, about 600 citizens, and 30 trading and service...
India CBDC Insider Reveals Current Stance of Country's Central Bank
2.2.2024
India’s central bank is taking a very cautious approach in developing its digital rupee, a senior official familiar with India’s central bank digital currency (CBDC) pilot programs told CoinDesk, though it's making some progress
Group of 17 Russian Banks Officially Joins ‘Second Stage’ of Digital Ruble Pilot
2.2.2024
Russia’s digital ruble pilot is gathering pace, with 17 more banks joining the Central Bank’s CBDC project. The group of banks includes heavyweights such as Sberbank and Tinkoff, the Central Bank explained in an official statement. This represents a major coup for the Central Bank. Both Sberbank...
Russia Open to the Use of Crypto in Foreign Trade Says Central Bank Governor
1.2.2024
The Russian Central Bank is discussing the possible use of central bank digital currencies as a payment method in foreign trade, according to Elvira Nabiullina, the bank’s governor. Nabiullina stated that while Russia is opposed to the use of crypto payments in domestic transactions, the country...
India Keeps Stiff Taxes on Crypto as Interim-Budget Is Revealed in Election Year
1.2.2024
India has not introduced any changes to the controversial tax deducted at source (TDS) affecting the crypto industry
Belarus Actively Developing CBDC Platform on Hyperledger Fabric Blockchain
31.1.2024
Belarus is at the forefront of financial innovation as it takes significant strides towards introducing its Central Bank Digital Currency (CBDC), the digital Belarusian ruble. In collaboration with the Center for Banking Technologies, the National Bank of Belarus is leveraging the open Hyperledger...
Russia’s Central Bank Exploring Use of Crypto, CBDCs with BRICS Allies
31.1.2024
The Governor of Russia’s Central Bank says she is speaking to BRICS member states about using “digital currencies” to power international trade. Per RIA Novosti and 1Prime, the bank’s long-serving Governor Elvira Nabiullina said the Central Bank was “currently holding consultations with friendly...
UAE Central Bank Completes First Cross-Border Digital Dirham Transfer Using mBridge CBDC Platform
30.1.2024
The Central Bank of the United Arab Emirates (UAE) achieved a significant milestone by conducting its inaugural cross-border digital dirham transfer using the mBridge central bank digital currency (CBDC) platform on January 29. The transaction involved the transfer of 50 million digital dirhams...
Rep. French Hill Voices Optimism for Crypto Legislation Progress in 2024
30.1.2024
U.S. House Representative and Financial Services Subcommittee on Digital Assets Chair French Hill (R-AR) has voiced optimism about the progress of cryptocurrency legislation in 2024. During an event hosted by the Foundation for Defense of Democracies on Jan. 29, Hill discussed the crypto...
Japanese Government, Central Bank Readying CBDC Legislation
30.1.2024
Japan is nearing the launch of its CBDC, the digital yen, with the government and central bank laying the legislative groundwork for a rollout. Neither the Bank of Japan (BoJ) nor the government has yet officially committed to a CBDC launch. However, the BoJ has recently sped up the development...
Belarus Set to Launch Hyperledger Fabric-powered Digital Ruble Platform
30.1.2024
Belarus is edging closer to the launch of its CBDC, the digital Belarusian ruble, with a new “platform” built on the open Hyperledger Fabric blockchain network. Per Ekononmicheskaya Gazeta, the National Bank of Belarus and the Center for Banking Technologies “began developing a platform for...
Bank of Japan Holds First CBDC Meeting with Key Finance Officials
29.1.2024
Japan’s central bank and the Finance Ministry reportedly had their first meeting to discuss a potential central bank digital currency (CBDC) on Friday. Local outlet NHK News reported that executives from relevant ministries and central bank directors discussed issues regarding a CBDC. The Ministry...