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Mauritania Central Bank Partners With Giesecke+Devrient to Develop a National CBDC
23.4.2024
The Central Bank of Mauritania (CBM) has partnered with Giesecke+Devrient (G+D) to develop and launch a digital version of the national currency. The Germany-based security technology firm is expected to assist the CBM in outlining the prerequisites for a national Central Bank Digital Currency...
Chile Edging Closer to CBDC Launch
23.4.2024
Chile is tentatively moving toward the launch of a CBDC, with the public seemingly firmly behind the central bank’s plans.
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World Economic Forum Study Reveals 98% of Central Banks Are Eyeing CBDCs
22.4.2024
The World Economic Forum recently released a report investigating wholesale central bank digital currencies (wCBDCs). The document explored the potential of wCBDCs to alleviate significant industry challenges and address key pain points.
The post World Economic Forum Study Reveals 98% of Central...
China Opens e-CNY Research Institute, Appoints First Expert Panel
19.4.2024
With its official launch, the e-CNY Research Institute sets out to foster industry integration and innovation, supported by a newly appointed panel of specialists from finance and technology sectors.
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New Zealand Starts Digital Cash Consultation
18.4.2024
The consultation paper asked New Zealand citizens to respond on the digital cash design, whether or not interest should be paid and if there should be holding limits
New Zealand Begins Plans To Introduce CBDC
17.4.2024
An open survey on "Digital Cash," a potential central bank digital currency (CBDC), has begun, according to the Reserve Bank of New Zealand (RBNZ). This was revealed in a consultation document that the central bank published on April 17.
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Israel’s Central Bank to Roll Out Sandbox for CBDC Experiments
17.4.2024
The Bank of Israel is launching a sandbox environment for testing CBDC said in a statement use cases, in an effort to refine the design of the digital shekel and ensure its capacity to facilitate advanced applications.
The post Israel’s Central Bank to Roll Out Sandbox for CBDC Experiments...
South Korean Central Bank to ‘Speed up’ CBDC Project
17.4.2024
The South Korean Central Bank is set to “speed up” its CBDC project, and will pilot its digital KRW with a group of 100,000 citizens later this year.
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Bank of Russia Supports Cryptocurrency Usage for International Settlements
16.4.2024
The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style experimental regime. In contrast...
Digital Ruble Rollout Will Cost Russian Banks $536m a Year – Experts
15.4.2024
Digital ruble rollout plans could cost the Russian banking sector a total of $536 million per year, financial analysts have claimed.
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Russian Central Bank Chief: Mass Adoption of Digital Ruble Expected in 5 to 7 Years
11.4.2024
Elvira Nabiullina, head of the Russian central bank, has stated that the mass launch of the digital ruble will take five to seven years. This appears to contradict recent suggestions by the chairman of the State Duma Committee on the Financial Market that the launch will begin next year....
Brazilian BV Bank Tests Tokenized Model for Vehicle Sales
9.4.2024
BV Bank, a Brazilian bank leader in vehicle loans, is running a pilot that uses tokenization to manage vehicle financing and sales operations. The first phase of the tests involves automating consumer-to-consumer vehicle sales processes, including the delivery of tokenized money in exchange for...
Russian Fintech Startups Join Digital Ruble Pilot
8.4.2024
Russian fintech firms have begun joining the country’s rapidly progressing digital ruble pilot as the Central Bank looks to widen the scope of its CBDC project.
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China Expands Digital Yuan Accessibility Through Hardware Wallet Integration
1.4.2024
Bank of China’s Qingdao Branch, in collaboration with telecom and digital finance partners, introduces digital yuan hardware wallet and "deferred payment" model to simplify transit payments.
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SWIFT Plans to Launch CBDC Interconnection System in Next Two Years
29.3.2024
SWIFT, the network that provides the messaging system for cross-border banking settlements, has announced plans to launch a CBDC equivalent of its current network in the next two years. The organization recently completed a 6-month test to assess the viability of such a development, which included...
Russia Discusses Testing Digital Ruble for Budget Payments
27.3.2024
The Central Bank of Russia and the Russian treasury are considering testing using the Russian CBDC, the digital ruble, to complete budget settlements. The tests would involve using this CBDC to make payments to businesses and citizens and receiving payments from these in CBDC, to ensure...
IMF Proposes Digital Money to Enhance Financial Inclusion in Pacific Island Nations
26.3.2024
The IMF has suggested that digital money could significantly improve financial inclusion and enhance the quality of financial services in the remote and dispersed nations of the Pacific Ocean.
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SWIFT to Launch CBDC Platform in 2025-26: Report
26.3.2024
SWIFT, the global messaging network used by banks, service providers, clearinghouses, corporate business houses, brokers, is planning to launch a new platform to connect central bank digital currencies in the next one to two years.
The post SWIFT to Launch CBDC Platform in 2025-26: Report appeared...
UAE Introduces CBDC Implementation Strategy – Here’s What’s Inside
26.3.2024
The UAE's central bank has announced a comprehensive strategy to implement a central bank digital currency (CBDC) for retail and wholesale use. In partnership with technology providers R3 and G42 Cloud, the UAE envisions that digital dirham will streamline cross-border transactions, enhance...
Zano Blockchain’s Hard Fork Facilitates Privacy Coin Creation, Introduces Confidential Assets
25.3.2024
The Zano blockchain’s recently completed Zarcanum hard fork (HF4) will enable users and organizations to create custom tokenized assets that meet their specific needs. These custom tokenized assets or confidential assets, will be untraceable on the Zano blockchain. The team believes that...