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Maxine Waters Slams Republican Bill Hindering U.S. Progress on CBDC


The U.S. House Financial Services Committee is currently a battleground for discussions concerning the possible launch of a Central Bank Digital Currency (CBDC) by the Federal Reserve.  Today, Maxine Waters, a Democratic representative from California, sharply criticized a bill reintroduced...

Bank of Russia Governor Elvira Nabiullina: ‘Cash Is Not Going Away’


Elvira Nabiullina, Governor of the Bank of Russia, talked about the future of cash in the context of the digital ruble pilot currently being executed in the country. Nabiullina explained that physical money was not disappearing and that the future implementation of the digital ruble was directed...

Russian Central Bank: Digital Ruble ‘Doesn’t Use Biometric Data’


The Russian Central Bank says that its CBDC, the digital ruble, “has nothing to do with” state efforts to collect biometric data. The bank began piloting its CBDC just over a month ago in 11 cities nationwide. Russian MPs last year voted in a law that allows banks and state agencies to collect...

Chinese Central Bank Updates Digital Yuan App – Here’s the Latest


The Chinese central bank has updated its digital yuan app, adding new CBDC-powered features, “service” options, and utilities bill payment functions. The central People’s Bank of China (PBoC) released its mobile app in early 2022. It followed up with a major update at the end of last year. Per...

Deutsche Bank Teams Up With Swiss Crypto Firm to Offer Digital Asset Services


Deutsche Bank, the largest bank in Germany by total assets, is collaborating with Swiss digital asset firm Taurus to provide clients with crypto custody and tokenization services. “As the digital asset space is expected to encompass trillions of dollars of assets, it’s bound to be seen as one...

Brazil's Central Bank Pix Joins Ramp Network's Payment Solutions


Crypto startup Ramp Network has integrated Pix, a payment method offered by the Central Bank of Brazil. The integration of Pix is expected to significantly ease onboarding to crypto for both individuals and businesses in Brazil, given the widespread use of the payment method in the country. The...

Deutsche Bank Partners Taurus to Offer Crypto Custody Services


Taurus, a Swiss crypto infrastructure firm has announced a partnership with Deutsche Bank to set up cryptocurrency custody alongside tokenized services for its clients. According to a press release on Sept 14, the bank entered a global agreement with the firm to utilize its infrastructure...

SWIFT CBDC Interlinking Solution Enters Beta Testing


The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial payment services, has announced that its central bank digital currency (CBDC) connector has entered beta testing stages. SWIFT reported that three central banks are already testing this...

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