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The United Arab Emirates is set to launch its Digital Dirham CBDC for retail use by late 2025, joining a growing list of countries exploring central bank digital currencies. As originally reported by the Khaleej Times, the Central Bank of…
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The Central Bank of Russia has piloted a testing program in the Tatarstan region to test smart contracts for the digital ruble. The Central Bank of Russia has approached the Tatarstan region with a proposal to help pilot the digital…
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The digital ruble’s rollout is facing challenges, with 30% of Russian banks unprepared due to outdated infrastructure and reluctance to comply with the central bank’s CBDC plans. A recent survey conducted by tech firm Flant and Diasoft found that around…
Follow-up
On Mar. 9, 2025, it was revealed that Mark Carney will replace Justin Trudeau as the Liberal Party’s leader and Prime Minister of Canada. Is this a victory for the Canadian crypto community? Who is Mark Carney For five years,…
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South Korea’s central bank is reportedly set to launch a real transaction test for its central bank digital currency this month, involving 100,000 consumers and seven banks. South Korea is set to begin real-world testing of its CBDC in March,…
Opinion
This is the fourth article in a series of articles written by Selva Ozelli focused on stablecoins, tokenized deposits, CBDC, memecoins, and more…
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The Bank of Israel’s latest report presents an “optimal” digital shekel design, though implementation will depend on collaboration with lawmakers and industry stakeholders. The Bank of Israel has unveiled a preliminary design for the digital shekel, but its launch will…
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PayPal and HDFC Bank-backed Mintoak has acquired Digiledge in a $3.5 million deal, marking the first acquisition in India’s central bank digital currency space. Mintoak, an Indian ecommerce startup that facilitates merchant payments, has acquired Digiledge in a deal worth…
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A former Bank of England economist says there is “no customer demand” for the digital pound, calling it a costly project with unclear benefits. Ex-Bank of England economist appears to be highly critical of the digital pound initiative, saying it…
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Russia is delaying the mass rollout of its digital ruble to ensure the pilot runs smoothly and banks align on a viable economic model. Russia‘s central bank, the Bank of Russia, has decided to delay the mass rollout of its…
Opinion
The digital dollar deserves to be shot down—as do those of every other Western nation because the implementation of it is wrong
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A UNDP official reveals the organization wants to explore how cryptocurrency can be utilized for human development whilst minimizing its financial risk. UN Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific, Kanni Wignaraja wrote a blogpost on…
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Chin’s CBDC expansion seems to be reshaping global trade networks, leaving Australia at a crossroads between Beijing and Washington. U.S. President Donald Trump’s decision to ban a U.S. digital dollar could shake up global finance, as the West is already…
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Bundesbank president Joachim Nagel says the European Union needs state-controlled digital currency as a safeguard against private sector dominance in global finance. Joachim Nagel, head of Germany’s central bank, isn’t changing his mind on crypto, pushing for a digital euro…
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Nearly a third of central banks have delayed CBDC rollouts, but 75% still plan to issue one, a survey finds. A new survey from the Official Monetary and Financial Institutions Forum and Giesecke+Devrient shows that 67% of central banks haven’t…
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Mastercard’s Raj Dhamodharan predicts that more central banks will shift away from retail CBDCs, focusing instead on wholesale digital currencies for financial institutions in 2025. Central banks are rethinking their approach to state-backed digital currencies, with Raj Dhamodharan, Mastercard‘s head…
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Interoperability, privacy, and infrastructure still pose hurdles to retail CBDC adoption, a survey by GlobalData reveals. Central bank digital currencies are still a tough sell, even where they’ve officially launched. GlobalData’s latest survey report reveals that for consumers in many...
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A Russian lawmaker has emphasized the digital ruble’s role in helping businesses bypass sanctions and streamline operations. Russia’s central bank digital currency — also known as the digital ruble — will simplify life for entrepreneurs, especially those impacted by sanctions,...
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In response to U.S. President Donald Trump’s recent executive order promoting dollar-backed stablecoins, the European Central Bank is emphasizing the need for a digital euro to maintain the competitiveness of eurozone banks. ECB board member Piero Cipollone expressed concerns to...
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A Riot Platforms exec accuses Ripple of lobbying against the Strategic Bitcoin Reserve to protect its XRP narrative and promote state-controlled digital currencies. Pierre Rochard, a vice president at Riot Platforms, has accused Ripple of leading a major lobbying effort...
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The Bank of England plans to launch a sandbox designed to test a central bank digital currency or also known as a CBDC.
Follow-up
Hardly a well-known name in the crypto industry, former college football player and the young politician, Bo Hines, 29, got a high-profile appointment as an executive director of the Presidential Council of Advisers for Digital Assets, (or the “Crypto Council”)...
Opinion
Linking a CBDC, tokenized asset, digital wallet, and bank account is what governments need to envision as the goal of any CBDC initiative.
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The Polymarket odds of Conservative and anti-CBDC candidate Pierre Poilievre being Canada’s next Prime Minister lept to 92% after Justin Trudeau’s resignation.
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Trends are everything in the blockchain world. They drive the crypto market and create narratives that shape the direction of bull and bear markets. Being on the right side of the trends in blockchain technology can be the catalyst for...
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The National Bank of Cambodia has given commercial banks and payment firms permission to provide crypto-related services, but not for Bitcoin and other unbacked tokens. According to the Phnom Penh Post, the NBC formally declared the decision to allow banks...
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The Bank of Russia has approved a new rule that will allow banks to block operations with digital rubles for days if they appear to be linked to fraud. The Bank of Russia has introduced new rules requiring banks to...
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Bank Indonesia has successfully completed the Proof of Concept (PoC) for its Wholesale Rupiah Digital Cash Ledger.
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Société Générale successfully executes collateralized market transaction with Banque de France, using digital securities and CBDC on blockchain. Société Générale, France‘s third largest bank by total assets after BNP Paribas and Crédit Agricole, has completed a blockchain-based repo transaction with...
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The digital som, Kyrgyzstan’s future national virtual currency, moved closer to reality with parliamentary approval of a draft law outlining its framework. Kyrgyzstan’s Parliament has approved a draft law defining the status and legal framework for the digital som, the...
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New research from the Bank of England suggests that emerging privacy technologies such as zero-knowledge proofs could enhance user control over data in a digital pound. The Bank of England has suggested that zero-knowledge proofs and other privacy-enhancing technologies —...
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The Philippine central bank has completed trials for a wholesale CBDC proof-of-concept designed to enable round-the-clock fund transfers among financial institutions. The Bangko Sentral ng Pilipinas has concluded testing for Project Agila, a proof-of-concept for a wholesale central bank digital...
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