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


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...

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


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...

Report: Namibian Parliament Passes Crypto Regulation Bill


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...

Denmark Financial Watchdog Directs Saxo Bank to Liquidate its Crypto Assets


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...

DBS Bank China Launches Digital Yuan Merchant Collection Solution


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...

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