Mon, November 25

Russian President Vladimir Putin Approves Digital Ruble Bill 

The legislation governing the digital ruble has been approved and will go into effect on August 1, 2023, with the exception of one restriction. Article 3 is scheduled to go into effect in Russia in August 2024. Moreover, it amends various federal laws, notably those pertaining to bankruptcy and inheritance.

July 24, 2023 1 min read

Republican Rep Warren Davidson Calls for Outright CBDC Ban

Warren Davidson, a Republican Rep in the United States, has spoken out against CBDC, calling on Congress to outlaw them and declare their development illegal. Rep. Davidson tweeted on July 23 that the Federal Reserve was “building the financial equivalent of the Death Star” because of CBDCs, which he said

July 24, 2023 2 mins read

China’s Digital Yuan Transactions Nears $250 Billion in 1.5 Years

The governor of China’s central bank has said that, in the 1.5 years since the launch of the digital yuan pilot program, about $250 billion has been transacted using the digital currency. At a conference in Singapore on July 19, People’s Bank of China (PBoC) governor Yi Gang said that

July 20, 2023 2 mins read

Florida Governor Speaks Against CBDC

Florida Governor Ron DeSantis has made a strong statement ahead of the 2024 elections. United States presidential candidate Ron DeSantis has pledged to ban central bank digital currencies (CBDC) on day one if he emerges victorious in the 2024 elections. It sparks discussions about the future of money, technological advancements,

July 15, 2023 2 mins read

UK Finance Disagrees With BoE’s Proposed CBDC Cap Limit

A central bank digital currency (CBDC) created by the United Kingdom is being discussed by financial institutions there. One of the major financial membership organizations in the United Kingdom, U.K. Finance, has responded to a consultation of the Bank of England on the potential introduction of a digital pound by

July 4, 2023 1 min read

Crypto Exchange Mercado Bitcoin Now Part of Brazil’s CBDC Pilot

Two major Brazilian institutions have been given permission by Brazil’s central bank to take part in the pilot of the digital real, the country’s central bank digital currency (CBDC). Consortium members, including the major local bitcoin exchange Mercado Bitcoin and the state-owned bank Caixa, have been granted permission to begin

June 24, 2023 2 mins read

IMF Reportedly Working on Global CBDC Platform to Boost Interoperability

The IMF is stepping up its support for Central Bank Digital Currencies (CBDCs) being developed by countries throughout the globe. According to Reuters, the IMF is working on a worldwide platform to improve CBDC interoperability. IMF Managing Director Kristalina Georgieva said on Monday that the platform will facilitate transactions between

June 19, 2023 2 mins read

Bank of England Inches Closer to Launch CBDC Soon

After a year-long examination, the Bank of England (BOE) has come to the conclusion that blockchain technology might enable a “diverse range” of new monetary applications, bringing the BOE one step closer to introducing its own digital currency. The BOE and the Bank for International Settlements (BIS) collaborated on a

June 16, 2023 2 mins read

Ripple Partners With Columbian Central Bank Over CBDC Adoption

The Colombian Central Bank, Banco de la Republica, and the blockchain payments startup Ripple Labs Inc have signed a strategic cooperation agreement to research the potential applications of blockchain technology in the realm of Central Bank Digital Currency (CBDC). Peersyst Technology, a specialist blockchain technology startup, and the Ministry of

June 15, 2023 2 mins read

Thailand All Set To Start Pilot Project of CBDC for Retail Transactions

This month, under a regulatory sandbox, the Bank of Thailand will start a pilot project to test a central bank digital currency (CBDC) for use in retail transactions. Local media have reported that three payment processors would take part. Up to 10,000 participants will be a part of this August-long

June 13, 2023 2 mins read