Mon, November 25

Russia Ramping Efforts To Build Digital Ruble Roadmap for Early Launch

Olga informed that the deadline had been pushed to an earlier date than originally scheduled. The deputy governor added that 12 banks are now participating in the initiative. As of the end of next year, Russia’s central bank is increasing its efforts to build a digital ruble roadmap. Deputy Chairman

June 26, 2022 1 min read

Iran Expected To Launch Countries Pilot Version of Digital Rial by Aug 23

Salehabadi said the pilot project would begin in one of the countries’ provinces.  Only the monetary authority can issue and control the supply of crypto rial. According to the Persian calendar’s Shahrivar month, which begins on Aug 23, Iranian officials are preparing to begin a pilot program for the crypto

June 26, 2022 2 mins read

ECB’s Executive Board Emphasizes Need For Planned Digital Euro Launch

It is conceivable to prevent the digital euro from being used as an investment option. Panetta said it would take years until the majority of Europeans own the digital euro. Member of the European Central Bank‘s Executive Board Fabio Panetta cautioned that a digital euro might convert a considerable percentage

June 18, 2022 2 mins read

Ripple Planning to Setup Office in Silicon Valley of India

Many Central Bank Digital Currency (CBDC) initiatives will be under supervision. Ripple has attempted to enter the Indian market before. Blockchain Company Ripple is planning to create an office in the Indian city of Bengaluru. Ripple advertised a new position in Bengaluru: Senior Project Manager, Central Banks in the city.

May 31, 2022 2 mins read

Reserve Bank of India Reveals Launch Plans of Upcoming CBDC

In February, Finance Minister Nirmala Sitharaman announced a digital currency launch. There is still no official regulation on crypto in India. For 2021-22, the Reserve Bank of India (RBI) produced an annual report. One of the numerous subjects covered in the paper is India’s central bank digital currency (CBDC). “The

May 29, 2022 2 mins read

Morgan Stanley Insists on Uniform Fixed Regulations

Morgan Stanley puts forth their views on crypto regulations. New legislation upon cryptocurrency raises speculations. The U.S may soon come out with its own CBDC. One thing which completely confuses the entire crypto market of any nation, is the frequently changing rules and regulations being imposed on them. Indeed, such

May 25, 2022 2 mins read

Stellar and Mercado Bitcoin Collaborate to Create Use Cases For Brazil’s CBDC

Smart contracts and decentralized finance are two of the goals of Real Digital. The Central Bank of Brazil’s LIFT Challenge Real Digital has chosen nine proposals. On Tuesday, an announcement was made about an agreement between the Mercado Bitcoin exchange in Brazil and the Stellar Development Foundation (SDF). The Central

May 25, 2022 1 min read

Candidate For U.S Senate Bryan Solstin Showcases Strong Rejection of CBDC

Without the backing of politicians, it’s uncertain whether a CBDC will go forward. The senate candidate deemed CBDC as “slave currency.” Many nations are developing CBDCs, and some have already put them in place. Coins issued by a central bank in the form of digital tokens are known as “Central

May 14, 2022 2 mins read

Central Bank of Chile Delays Launch of CBDC in the Country Till Year End

A preliminary review of a Chilean CBDC was included in a May 11 report from the bank. Cryptocurrencies are not banned in Chile, but the government is concerned. Issuing a digital Chilean peso by the Central Bank of Chile has been postponed until a more thorough assessment of the advantages

May 12, 2022 1 min read

Bank of Israel Moves a Step Closer to Introduce CBDC in the Country

At the end of 2017, the Central Bank began considering the CBDC project. It did not perceive a risk of “erosion” to its banking system. The central Bank of Israel has stated that, even though it has yet to decide on introducing the “digital shekel,” public response to the initiative

May 11, 2022 1 min read