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The Reserve Bank of India wants to roll out new functionalities for the digital rupee and test its use in cross-border payments with international partners. India‘s central bank said it will introduce new features and use cases for the digital…
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Cecilia Skingsley will leave her role as head of the BIS Innovation Hub next month, cutting short her five-year term by two years amid a broader leadership reshuffle at the central bank body. The Bank for International Settlements digital currency…
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Binance has partnered with Kyrgyzstan’s National Agency for Investments to implement crypto payment infrastructure and launch blockchain education programs. On May 4, during the inaugural meeting of the Council for the Development of Digital Assets, the Kyrgyz government reaffirmed its…
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Zimbabwe is reviving gold coins to support its embattled currency, as earlier efforts with gold-backed digital tokens failed to curb economic instability. Zimbabwe is yet again turning to gold to defend its embattled currency, as the Reserve Bank of Zimbabwe,…
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Belarus and Russia are coordinating plans for digital currency integration as Minsk targets a full digital ruble rollout by late 2026. Belarus is getting ready to launch its central bank digital currency into full circulation by the second half of…
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The Bank of Russia is reportedly pushing back the digital ruble’s launch to mid-2026 as banks face hurdles in migrating from foreign software amid sanctions. Russia‘s central bank, the Bank of Russia, is considering delaying the full launch of its…
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Switzerland’s economy is showing early signs of complete digitalization, as digital transactions have now surpassed cash payments, according to a new survey. Switzerland has long favored cash, with the average person holding around $10,481 in bills and coins. It’s been…
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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…
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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,…
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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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