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The Bank of Japan to launch its CBDC pilot before May
17.2.2023
The Bank decided to launch a pilot program for “digital yen” in April, after finishing its Proof of Concept testing, that has begun in 2021
Japan Will Launch Pilot for Issuing Digital Yen In April
17.2.2023
Japan will launch a pilot programme in April to test the use of its version of the central bank digital currency (CBDC) known as the digital yen, its central bank said on Friday. The move comes after more than two years of proof-of-concept experiments by the BoJ around the digital yen
Oman to establish regulatory framework for virtual assets
17.2.2023
Despite the warnings about investing in digital assets by Oman’s central bank, about 65,000 residents hold cryptocurrencies
Central Bank of Brazil President States Digital Real Pilot Is Imminent
17.2.2023
The president of the Central Bank of Brazil, Roberto Campos Neto, has clarified the status of the development of the Brazilian central bank digital currency (CBDC), the digital real. Campos Neto stated that the pilot test will start now and that banks will have to digitize more of their balances...
Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year
15.2.2023
Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in Kyiv is now in talks with the central bank and businesses involved in the project to pilot the digital currency as early as this year. Minister Says...
Brainard reportedly moving from the Fed to head National Economic Council
14.2.2023
Fed vice chair Lael Brainard became vice chair of the Fed after a partisan fight and has been considered other top positions
Today in Crypto: UK Goes After Unregistered Crypto ATM Operators, S. Korea Watching the Ripple-SEC Battle, Silvergate Execs Investigated by Law Firm, Bitget to Collaborate on CBDCs
14.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: UK Goes After Unregistered Crypto ATM Operators, S. Korea Watching the Ripple-SEC Battle, Silvergate Execs...
UK think tank launches a crusade against 'surveillance' CBDCs
14.2.2023
The Bank of England's plans for a CBDC launch raises concern among UK Tax Reform Council and the broader Bitcoin community
UAE’s Central Bank pushes for CBDC for financial transformation
14.2.2023
The UAE is looking to boost its cross-border payments while also enhancing its domestic financial infrastructure. This comes after the Central Bank of the UAE announced the issue of CBDC, short for central bank digital currency. The issuance of CBDC comes as a part of the financial infrastructure...
UAE Launches ‘Financial Infrastructure Transformation’ Program; CBDC Among 9 Key Objectives
14.2.2023
On Feb. 12, 2023, the Central Bank of the United Arab Emirates (CBUAE) announced the launch of a new initiative called the “Financial Infrastructure Transformation Program,” which has nine key objectives. One of these objectives is the research and development of a central bank digital...
Today in Crypto: Wirex Signes Long-term Global Partnership with Visa, Bank of Brazil Says Citizens Can Pay Taxes with Crypto, MetaMask Warns Users About Phishing Attempts
13.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Wirex Signes Long-term Global Partnership with Visa, Bank of Brazil Says Citizens Can Pay Taxes with...
CBDC Launch ‘May Cost Russian Banks $684m a Year’
13.2.2023
Russian commercial banks will lose $684 million a year if the nation’s Central Bank launches a central bank digital currency (CBDC), experts have claimed.
The Central Bank vehemently opposes the adoption of what it calls “private cryptocurrencies” such as bitcoin (BTC). But the bank wants...
UAE Plans to Issue a CBDC to Promote Digital Payments
13.2.2023
The issuance of a digital dirham is one of nine key initiatives in the United Arab Emirates' new Financial Infrastructure Transformation Program
UAE central bank to issue CBDC as part of its financial transformation program
13.2.2023
The issuance of a CBDC aims to address inefficiencies in cross-border payments and drive innovation for domestic payments
India’s Central Bank Reveals 50,000 Users and 5,000 Merchants Now Using Digital Rupee
12.2.2023
India’s central bank, the Reserve Bank of India (RBI), has revealed that 50,000 users and 5,000 merchants are now using its central bank digital currency (CBDC). Digital rupee transactions are currently processed by eight banks, with five more banks set to join the pilot soon, said RBI Deputy...
China to launch national blockchain research center
10.2.2023
The goal of the new state-supported institution is to speed up the country’s industry through blockchain technology
Central Bank of Brazil to Test Security and Transaction Privacy Levels of the Digital Real
10.2.2023
The Central Bank of Brazil will focus its first digital real tests on determining the levels of privacy and security that can be achieved with the proposed central bank digital currency (CBDC) infrastructure. The tests will be conducted later this year and will set up a simplified operation...
China’s 180M digital yuan airdrop, Devastation in Turkey, Laos’ CBDC: Asia Express
9.2.2023
Our weekly roundup of news from East Asia curates the industry’s most important developments. China airdrops 180 million digital yuan to celebrate Lunar New Year According to state-owned media Global Times, Chinese cities airdropped a total of 180 million digital yuan (e-CNY) worth $26.6 million...
Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power
9.2.2023
According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three...
Here's Why Cardano's New Stablecoin Could Be a Game Changer
9.2.2023
Read More: Here's Why Cardano's New Stablecoin Could Be a Game Changer