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Pakistan moves to regulate cryptocurrency, CBDCs as legal tender
4.11.2024
The proposed amendments would allow for sweeping changes to the country’s financial sector.
Russian Banks Baulk at Digital Ruble Implementation Costs
25.10.2024
Russian banks, particularly smaller ones, are unhappy about the high cost (between $1.25 million and $2 million) of integrating with the central bank’s digital ruble platform. This cost is seen as prohibitive for many banks, exceeding their IT budgets. The central bank has mandated different...
Norway’s Central Bank on CBDC Progress: We’re Not Falling Behind
24.10.2024
Norway’s central bank is on track to decide by 2025 whether to adopt a central bank digital currency (CBDC), but officials stress there’s no urgency. Despite Norway’s cashless society, with only 2% using cash, the bank is carefully studying both retail and wholesale CBDC options, emphasizing...
Bank of Canada just says no to retail CBDC in reshuffling of priorities
20.9.2024
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank
Bank of Canada just says no to retail CBDC in reshuffling of priorities
20.9.2024
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank
North Carolina resists the CBDC tide with new payments ban
13.9.2024
A new law in North Carolina seeks to ban CBDCs in the state, but there are questions about whether the new legislation is even legal.
Accenture invests in Emtech to strengthen CBDC, fintech solutions
10.9.2024
The deal will see Emtech’s CBDC solutions and its regulatory and compliance sandboxes integrated into Accenture’s offerings
India amasses 5M central bank digital currency users
26.8.2024
India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions
India amasses 5M central bank digital currency users
26.8.2024
India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions
RBI Report Highlights India’s Central Bank Digital Currency Development
21.8.2024
India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC initiatives to enhance cross-border payments...
Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada
16.8.2024
Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put...
Kyrgyz Republic proposes digital som legislation, CBDC launch by 2027
9.8.2024
The small Central Asian country is currently taking public comments on its framework legislation
North Carolina lower chamber overturns governor’s veto of CBDC ban
1.8.2024
The bill received strong support in the General Assembly. Now the state Senate will consider overturning the veto
North Carolina lower chamber overturns governor’s veto of CBDC ban
1.8.2024
The bill received strong support in the General Assembly. Now, the state Senate will consider overturning the veto
India’s Digital Rupee Surpasses 5 Million Users, RBI Discloses
1.8.2024
India’s central bank, the Reserve Bank of India (RBI), has revealed that as of June, there were five million digital rupee users and 420,000 merchants participating in the retail central bank digital currency (CBDC) pilot. The RBI emphasized that the digital rupee is designed to complement...
US Senator Discusses Trump’s Bitcoin Plan and National BTC Stockpile
1.8.2024
U.S. Senator Bill Hagerty has discussed former President Donald Trump’s bitcoin plan, which includes creating a national bitcoin stockpile. The lawmaker expects to see several legislative proposals beyond what Trump announced. He believes this move will establish credibility for the currency...
Bank of England to experiment with wholesale CBDC, synchronization
30.7.2024
The BOE is considering applying DLT to its existing settlement system and introducing a wCBDC
Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use
30.7.2024
Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation. Nigerian experts attribute the slow adoption of the e-naira to its perceived lack of significant benefits...
Philippines Plans to Introduce Wholesale CBDC by 2029
27.7.2024
Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC initiative is near its proof-of-concept completion. “This is an innovative payment instrument,” said the BSP deputy governor....
Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments
25.7.2024
The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs. Giesecke+Devrient (G+D) stated that the proof...