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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...
India mulls new crypto ban to support CBDC, Lazarus Group strikes again: Asia Express
24.10.2024
India considers new ban on crypto to support the digital rupee, and North Korean hackers are suspected to be behind two recent attacks
India mulls new crypto ban to support CBDC, Lazarus Group strikes again: Asia Express
24.10.2024
India considers new ban on crypto to support the digital rupee, and North Korean hackers are suspected to be behind two recent attacks
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...
Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar
24.10.2024
The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new barriers. The platform, which targets underserved regions like ASEAN, could reshape...
Bitcoin academics slam controversial ECB paper blasting Bitcoin
23.10.2024
The rebuttal critiques several arguments made by the ECB paper’s authors earlier this month that argued Bitcoin's price should be regulated or outright banned.
Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control
19.10.2024
A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landscape amid sanctions. While the digital...
US Senator Sounds Alarm on 3 Major Crypto Threats — Could Digital Assets Be in Danger?
15.10.2024
Utah Republican senator Mike Lee outlined three major regulatory risks to the cryptocurrency industry at the recent Permissionless III crypto conference. They are the creation of a central bank digital currency (CBDC), fragmented state regulations, and heavy federal oversight. He warned these could...
Blackrock CEO Larry Fink Declares Bitcoin an Asset Class, Rivaling Gold in Investment Potential
15.10.2024
Blackrock CEO Larry Fink has emphasized bitcoin’s growing legitimacy as an investment, calling it an alternative to commodities like gold. “We believe bitcoin is an asset class in itself,” said the CEO of the world’s largest asset manager. Fink downplayed regulatory changes...
Drex Brazilian CBDC pilot will work on privacy, DeFi in phase 2
14.10.2024
The Brazilian central bank has 13 participants for phase 2 so far, and it is willing to take on an unlimited number.
Brazillian Central Bank Invites New Participants to CBDC Pilot Program
14.10.2024
The Brazilian Central Bank is opening the drex CBDC pilot to new entrants, aiming to test more advanced use cases and privacy solutions for the project’s second phase. Thirteen use cases have been confirmed, including carbon credits, agricultural bonds, and foreign trade platforms. Brazilian...
Eswatini releases design for digital lilangeni tokenized retail CBDC
10.10.2024
The tiny kingdom, formerly known as Swaziland, is looking at better domestic accessibility and cross-border trade with a proposed CBDC
Australia, Canada and Colombia were right to pause CBDC plans
10.10.2024
Maybe CBDCs are less inevitable than some people think
Ripple Wins Platinum for Best Cross-Border Payments Platform at Future Digital Awards 2024
10.10.2024
Ripple has been named a Platinum Winner for Best Cross-Border Payments Platform in Juniper Research’s 2024 Future Digital Awards for Fintech & Payments. Other winners included Huawei for mobile money, SAP Fioneer for banking-as-a-service, and Paymentology for embedded finance...
Brazilian CBDC Drex Envisioned to Replace Current Transaction System
9.10.2024
Fabio Araujo, the coordinator of Drex, the Brazilian CBDC, envisions this network substituting the current national transaction system and moving all the funds currently settled by the Reserve Transfer System. However, he stated that this would take some time, as the cost of this migration would...
Brazil tests DeFi elements, compatibility in Drex CBDC pilot
4.10.2024
Brazil’s central bank is developing a synthetic central bank digital currency, which aims to blend decentralization, privacy and programmability
Banks to join SWIFT digital asset trials in 2025
3.10.2024
SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its upcoming digital currency trials in 2025
John Deaton vows to fight federal CBDC, calls it ’a hill to die on’
28.9.2024
John Deaton has discussed his stance on US Federal Reserve CBDCs, regulatory clarity and government accountability in his Senate run
John Deaton vows to fight federal CBDC, calls it ’a hill to die on’
28.9.2024
John Deaton discusses his stance on the Federal Reserve CBDCs, regulatory clarity, and government accountability in his Senate run
Canada's CBDC Departure Risks Web3's Interoperable Future
26.9.2024
A lack of interoperability poses an existential threat to central bank digital currencies, as it does to Web3 itself, says Temujin Louie, CEO of Wanchain