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Putin: Russia Examining Digital Currencies for Independent Payments


Vladimir Putin highlighted that Russia is examining the use of national digital currencies to implement an independent and supranational alternative payment system. However, he also outlined the intricacies of building such a platform, given the level of integration of major trading partners with...

Putin: BRICS Nations Developing Own Payment and Settlement System


Russian President Vladimir Putin has revealed plans for an independent payment system in collaboration with BRICS nations to secure foreign trade transactions. This move reflects a strategic shift aimed at increasing Russia’s and BRICS’s autonomy in global trade amid broader economic...

Bank of Korea to Launch CBDC Payment Trial in Supermarkets


South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants will be part of this test. Retail partnerships...

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