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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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Governor Aleš Michl plans to propose a Bitcoin investment to the Czech National Bank’s board, potentially allocating up to 5% of reserves to the digital asset. Czech National Bank Governor Aleš Michl is making a bold move, one no other…
BTC
Bitcoin
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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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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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The future of offline digital euro payments hangs in the balance as the ECB struggles to secure agreements with smartphone manufacturers. The European Central Bank may drop offline digital euro payments if it can’t agree with smartphone makers on secure…
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The Central Bank of Brazil has initiated the second phase of its central bank digital currency project, DREX, aiming to demonstrate trade finance as a new use case. In a press release on Nov. 19, Brazil’s central bank announced it…
LINK
Chainlink
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A Norwegian task force has advised against the immediate adoption of a central bank digital currency. A Norwegian advisory committee has recommended against the immediate adoption of a state-controlled digital currency, Bloomberg reported, citing the committee’s findings submitted to Finance…
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Kyrgyzstan’s central bank has proposed amendments to the law to legalize its digital currency as a legal tender. The National Bank of Kyrgyzstan has initiated public discussions on constitutional law amendments aimed at integrating its own digital currency — known…
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The Bank of Russia is set to launch the digital ruble for widespread use by July 2025, following successful pilot tests. Russia’s central bank, the Bank of Russia, could launch its central bank digital currency — also known as the…
BTC
Bitcoin
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Bundesbank chief Joachim Nagel says no decision has been made thus far regarding holding limits for a digital euro. The European bloc has yet to determine the parameters of holding limits for a potential digital euro, as Bundesbank president Joachim…
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According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)…
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In an exclusive with crypto.news, Jón Helgi Egilsson, a former Icelandic central bank chairman, sets out how the European Securities and Markets Authority (ESMA) is entering the final phase of crypto asset regulation in the European Union (EU), and what…
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SWIFT aims to launch a new platform in the next two years to connect central bank digital currencies to the existing finance system in a bid to boost the CBDC ecosystem. Global financial messaging network SWIFT is planning to launch…
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Nigeria lifted a ban on crypto trading, first instituted in February 2021 due to concerns about potential money laundering and terrorism financing.
BTC
Bitcoin
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Pix faces scrutiny over its business model, with concerns about pricing, fraud protection, and market disruption.
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The IMF Annual Meetings, which concluded on Oct. 15, put forward a roadmap to address "risks related to crypto currencies."
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