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Guangdong has proposed expanding cross-border digital yuan payment pilots and other cross-border financial programs as part of a draft development plan for the China (Guangdong) Pilot Free Trade Zone. According to a draft of the China (Guangdong) Pilot Free Trade…
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India has expanded its global tax reporting framework to include specified crypto-assets, central bank digital currencies, and digital money products under updated FATCA and Common Reporting Standard rules. The Economic Times reported that the Central Board of Direct Taxes (CBDT)…
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ICBC has completed China’s first digital yuan cross-border payment with Singapore through the newly upgraded Digital Currency Express platform, settling nearly 10 million yuan in import shipping fees with same-day fund delivery. According to Mobile Payment Network, the transaction was…
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South Korea has launched a 9.6 billion won project to expand its CBDC-based deposit token payment system into everyday commercial payments, building on the Bank of Korea’s earlier pilot program. South Korea’s Korea Internet & Security Agency (KISA) and the…
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South Korea’s first CBDC pilot has been conducted without any independent government security inspection, with participating banks relying mainly on their own pre-launch reviews before testing began. South Korean newspaper Maeil Business, citing data submitted by the Financial Supervisory Service…
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The European Central Bank has selected 36 payment firms, including Deutsche Bank, for a digital euro pilot as Europe presses ahead with its CBDC plans. According to a July 14 announcement from the European Central Bank (ECB), the selected payment…
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President Donald Trump has refused to sign the 21st Century ROAD to Housing Act, even as the bill containing a provision blocking a U.S. central bank digital currency through 2031 has remained on course to become law. According to a…
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The Bank of England has reaffirmed that its work on a potential digital pound has remained independent despite claims that political lobbying may have influenced its approach. Bailey says CBDC policy remained independent According to The Guardian, Bank of England…
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Russia says the digital ruble is ready for Sept. 1 rollout, even as EU sanctions and U.S. CBDC limits reshape the policy debate globally.
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Trump has 10 days to act on a bipartisan housing bill that would block a Federal Reserve CBDC through 2030 as he pushes a voting bill fight.
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Everyone is watching the CLARITY Act for what it does to crypto market structure. Buried inside it is a provision with a different target entirely: a ban on a US central bank digital currency. It is literally one of the…
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The CLARITY Act faces a tighter July timeline after the Senate adjourned, leaving less floor time before the August recess.
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Trump has postponed signing a housing bill that passed Congress with 358 House votes and 85 Senate votes, leaving a provision that would block a Federal Reserve-issued CBDC until 2030 in limbo. According to a July 24 Truth Social post…
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Congress sends housing bill with CBDC ban to Trump, blocking Fed digital dollar work until 2030 while advancing broad housing reforms.
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The European Parliament has advanced legislation for a digital euro, bringing the EU closer to launching a central bank digital currency, while the U.S. moves to restrict similar efforts. According to a June 23 decision by the European Parliament’s Economic…
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A central bank digital currency is digital money issued directly by a country’s central bank. It is a public alternative to private stablecoins, and by 2026, the world had split sharply over whether to build one, with the United States…
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