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15 Retail CBDCs Likely by 2030, BIS Study Says

10.7.2023
A survey conducted by the Bank for International Settlements found 93% of central banks worldwide were engaged in digital currency work in 2022

Eurozone Inflation to Remain Higher Than 2% Target in Next 2 Years, ECB’s Lagarde Admits

9.7.2023
Inflation in the eurozone has started to decline but the area’s monetary authority expects it to remain above its target in the next two years. The European Central Bank has to do more to bring it down, its governor commented on the backdrop of stable consumer expectations about rising prices...

Deflecting Blame — Bank of England Governor Bailey Accuses UK Retailers of Overcharging Customers

9.7.2023
After the Covid-19 pandemic, many people believe the implementation of extensive stimulus measures and quantitative easing (QE) policies resulted in an overwhelming surge of inflation that has burdened millions across the globe. While certain individuals attribute this economic turmoil to...

BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention

9.7.2023
The BRICS Bank’s vice president and chief financial officer has shed light on the economic bloc’s aspiration to develop a common BRICS currency. His remarks followed recent reports suggesting that Russia has confirmed the BRICS’ plan to introduce a gold-backed common currency, with...

Central Bank of Russia: Digital Ruble Could Be Launched as Soon as 2025

8.7.2023
Olga Skorobogatova, first deputy chairman of the Central Bank of Russia, indicated that the launch of the digital ruble, the Russian central bank digital currency (CBDC), could happen in 2025. The pilot test for the CBDC will be organized later this year after the State Duma, the lower house of...

Report: Zimbabwe Central Bank Begins Gold-Backed Digital Currency ‘Dry Run’

8.7.2023
According to a report, the Reserve Bank of Zimbabwe has commenced trials, or the “dry run” test, for the viability of launching a gold-backed digital currency. Nelson Mupunga, the director of economic research at the central bank, reportedly said the digital currency will act as...

New York Federal Reserve and US Banks Complete Programmable Dollar CBDC Test

8.7.2023
The New York Federal Reserve and a group of financial institutions announced the successful conclusion of a proof-of-concept of the Regulated Liability Network (RLN), which contemplates the introduction of a dollar-based interbank central bank digital currency (CBDC). The test concluded that, using...

Namibia Passes Bill for Licensing and Regulating Virtual Asset Service Providers

7.7.2023
Namibia’s National Assembly has adopted a bill to regulate digital assets, cryptocurrencies, and digital asset service providers in the country. The Virtual Asset Bill, introduced by the Minister of Finance and Public Enterprises, Ipumbu Shiimi, passed the parliament's lower house in June, aiming...

Report: Namibian Parliament Passes Crypto Regulation Bill

6.7.2023
The Namibian parliament recently passed a bill that aims to establish a regulatory regime for cryptocurrencies. According to the Namibian Finance Minister, safeguarding the interests of consumers and combating market abuse are some of the reasons why parliament has taken this step. Mitigating Money...

Brazil’s Central Bank Uploads CBDC Files to GitHub – Digital BRL Rollout Imminent?

6.7.2023
The Brazilian Central Bank has uploaded a large collection of central bank digital currency (CBDC)-related documents to GitHub – as the nation edges closer to a digital real rollout. The collection of documents was uploaded to the bank’s GitHub page on June 3, but a number of files were also...

Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator

6.7.2023
According to a July 4, 2023 press release from the Danish Financial Supervisory Authority, Denmark’s Saxo Bank has been instructed to liquidate its holdings of cryptocurrency assets. The financial regulator maintains that Saxo Bank’s portfolio of crypto assets falls “outside...

Denmark Financial Watchdog Directs Saxo Bank to Liquidate its Crypto Assets

5.7.2023
Denmark’s Financial Supervisory Authority (FSA) has directed Saxo Bank, a Copenhagen-based multi-asset broker, to dump its cryptocurrency holdings. The bank’s trading in crypto assets for its own account is found to be “outside the legal business area of financial institutions,” the regulator...

Today in Crypto: NFT Royalties Reach Lowest Point in Two Years, Two Teens Arrested for BTC and ETH Scam, India and 18 Central Banks Discuss Using Digital Rupee for Cross-Border Payments

5.7.2023
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: NFT Royalties Reach Lowest Point in Two Years, Two Teens Arrested for BTC and ETH Scam, India and...

DBS Bank China Launches Digital Yuan Merchant Collection Solution

5.7.2023
Crypto-friendly bank DBS announced the launch of a digital yuan merchant collection solution for business clients. The new payment solution will allow mainland Chinese businesses to receive payments in the central bank digital currency (CBDC). The DBS merchant collection platform allows...