CBDC

The Emergence of Central Bank Digital Currencies (CBDCs) and Their Implications

The emergence of Central Bank Digital Currencies (CBDCs) is revolutionizing the international financial landscape. They are central bank-issued digital currencies designed to advance payments. Also, it enhances financial inclusion and counters the development of decentralized cryptocurrencies. As countries test or introduce CBDCs, their implications on world economies, monetary policy, and

April 15, 2025 7 mins read

Russian Government Successfully Tests Digital Ruble in Budget Process

The Russian government and central bank reported that they successfully tested the CBDC for budget settlements. Apparently, the officials revealed the news one month after the actual trials. The Russian Finance Minister Anton Siluanov has been planning to test and launch the digital ruble for more than a year. The

January 29, 2025 2 mins read

Pro Crypto Advocate Scott Bessent Confirmed as US Treasury Secretary

Scott Bessent, a billionaire hedge fund manager and vocal crypto supporter, has officially become the 79th US Treasury Secretary. The Senate confirmed his nomination with a 68-29 vote, following President Donald Trump’s recommendation. Bessent succeeds Janet Yellen and takes office at a crucial time for US fiscal and crypto policy.

January 28, 2025 2 mins read

Trump plans to Block CBDC and support New Crypto Rules

Trump Plans to Block Government Digital Dollar President Donald Trump is expected to stop the creation of a U.S. Central Bank digital currency (CBDC), also called the digital dollar. Reports say he might soon sign an order to block it. This follows his promise during the campaign to prevent government-controlled

January 21, 2025 2 mins read

Societe Generale Revolutionizes the Repo Market with Bank of France Collaboration

Societe Generale has accomplished its first collateralized market transaction executed in collaboration with the Bank of France. It has employed the technological capabilities of Societe Generale’s blockchain subsidiary, SG-Forge. Moreover, this transaction is the first-ever repo operation in digital securities involving a central bank of the Eurosystem. This demonstrates the

December 13, 2024 2 mins read

Brazil’s CBDC Pilot Enters Phase 2, Leveraging Blockchain and Oracles

To enhance supply chain procedures and cross-border agricultural commodity transactions, the second phase of the Drex central bank digital currency (CBDC) pilot was established by Brazil’s central bank, Banco Central do Brasil (BCB). Moreover, in the second stage, it will employ blockchain and oracles to create a trade financing solution.

November 19, 2024 2 mins read

Norway’s Central Bank to Conclude CBDC Discussions by 2025

The central bank of Norway, Norges Bank, is on potential research to launch central bank digital currency (CBDC). The decision is to be finalized by 2025, as stated by Deputy Central Bank Governor, Pal Longva. The nation is in the pilot phase of CBDC exploration and Norway is among 134

October 23, 2024 1 min read

Indian Government Debates a Crypto Ban to Emphasize CBDC

The cryptocurrency sector faces regulatory discrimination on a daily basis and combating them isn’t a novelty. However, certain huge shifts may take us by surprise at first sight. For instance, in July, the US SEC’s approval of the spot ETH ETFs was entirely unexpected until a week before the approval.

October 23, 2024 2 mins read

Outgoing RBI Governor Advocates CBDC as India's Digital Payment Future

RBI Governor of India Shaktikanta Das Backs CBDC

Shaktikanta Das, governor of India’s Reserve Bank (RBI), has emphasized the potential usefulness of the country’s digital rupee and restated his support for Central Bank Digital Currency (CBDC). Further, he reiterated his prior position on digital assets by praising the innovation and suggesting it may be used to circumvent certain

October 14, 2024 2 mins read

Brazil Advances Drex CBDC Pilot with DeFi Innovations

Brazil’s Central Bank (Banco Central do Brasil) is advancing its Drex central bank digital currency (CBDC) project by integrating decentralized finance (DeFi) elements. Currently, the initiative is in its second pilot phase. It aims to enhance financial inclusion and improve transaction efficiency within Brazil’s evolving digital economy. The pilot program

October 4, 2024 2 mins read