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RBI’s Concept Note on CBDC to Begin the Pilot Launch of e-rupee


The Reserve Bank of India has issued a concept note on Central Bank Digital Currency (CBDC) with the instructions to launch its pilot project of the e-rupee. This is being done to generate a general perception of such a form of currency. Secondly, bringing about a certain amount of familiarity...

Bank Buys Bitcoin in Kazakhstan, Country to Develop Crypto Exchange


A financial institution and a coin trading platform in Kazakhstan have teamed up to carry out what they say is the country’s first such joint transaction for the acquisition of cryptocurrency. Meanwhile, Kazakhstan’s leadership has declared readiness to further develop crypto exchange...

Australia Issues White Paper for Central Bank Digital Currency


Reserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested parties to participate with proposals and suggest pilot projects. Central Bank of Australia to Pilot...

Iran Begins Central Bank Digital Currency ‘Crypto Rial’ Pilot Today


The Central Bank of Iran (CBI) has reportedly begun a pilot for its central bank digital currency (CBDC), also known as “crypto rial.” Iran’s chamber of commerce explained that the “crypto rial has been designed in a way that is easy to track, and even if the data on...

China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level


China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the People’s Bank has been stepping up digitalization efforts this...

Central Bank of China Calls for Increasing Use of Digital Yuan


The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional e-payment platforms will make the digital yuan more convenient for consumers....

Web3 Foundation Launches Decentralized News Monetization Pilot Project


Polkadot blockchain developer Web3 Foundation has announced it’s backing a new initiative that aims to modernize digital news contentcreation, distribution, and monetization  As part of the pilot project, Web3 Foundation is teaming up with the World Association of News Publishers (WAM-IFRA)...

Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases


The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency. Within the project, the regulator hopes to identify use cases and intends to develop a limited-scale pilot. Central Bank of Australia Working on Digital...

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