CBDC Financial News

29.09 / 19:15

CBDC Adoption Digital Currency Europe European Union Euro Georgia preparing limited live CBDC pilot, considering Ripple among tech providers

The National Bank of Georgia (NBG) has announced that it will advance its research on a digital lari central bank digital currency (CBDC) in a limited-access live pilot environment. Nine companies, including Ripple Labs, will take part in the project, and one of them will be selected to move forward to the next stage of testing.

29.09 / 16:51

CBDC Ripple Georgia Lists Nine Tech Providers Including Ripple and Bitt For its Next Stage CBDC Pilot

The National Bank of Georgia (NBG) has shortlisted nine companies to compete as technology partners for the nation's central bank digital currency (CBDC) project dubbed Digital GEL.

28.09 / 09:11

CBDC Adoption BIS Cross-border France, Singapore and Switzerland test cross-border CBDCs

The Bank for International Settlements (BIS) and the central banks of France, Singapore and Switzerland concluded a joint test of the cross-border trading and settlement of wholesale central bank digital currencies (CBDCs). Banque de France issued the report on Sept. 28.

28.09 / 09:11

CBDC Adoption regulation Brazil’s crypto surge prompts central bank to tighten regulation

The governor of Banco Central do Brasil, Brazil’s central bank, said the bank has noted a significant surge in crypto adoption in the country and intends to react by tightening the digital assets regulation.

28.09 / 08:09

CBDC defi BIS Cross-border BIS and Central Banks of France, Singapore and Switzerland Successfully Test Cross-Border CBDC Using DeFi

The Bank for International Settlements (BIS) and central banks of France, Singapore, and Switzerland have jointly announced a successful test of cross-border trading and settlement for wholesale central bank digital currencies (wCBDCs).

27.09 / 16:01

Blockchain CBDC Adoption regulation Central Bank BIS CBDC frameworks must guard user privacy, monetary freedom — BIS chief

Legal frameworks ensuring user privacy and the freedom to choose between central bank digital currencies (CBDCs) and other forms of money will be key in driving CBDC adoption, according to the head of the Bank of International Settlements.

26.09 / 06:23

CBDC ECB digital euro ECB Chief Lagarde Says Digital Euro is “Not Yet Out There” and Would Take Two Years

European Central Bank’s (ECB) president Christine Lagarde said that there is a lot going on in crypto, however, a ‘digital Euro’ pilot “will probably take us another two years, at least, before it’s the final say.”

25.09 / 20:33

CBDC Adoption BIS mBridge CBDC project preparing for new members, launch of minimum viable product

Project mBridge may soon see significant expansion, according to Hong Kong Monetary Authority (HKMA) CEO Eddie Yue. He outlined the plans for the central bank digital currency (CBDC) project in a speech in Shanghai.

25.09 / 13:27

Blockchain CBDC Adoption Yuan Winter Olympics Digital yuan app adds prepaid Mastercard Visa top-ups for tourists

Tourists planning on visiting the People's Republic of China can now pre-charge Digital Yuan wallets using VISA and Mastercard payment options as the nation continues to update the mobile app powering its CBDC pilot.

21.09 / 15:03

Blockchain CBDC Adoption Africa Podcast Hashing It Out Hashing It Out: What happens when crypto meets fintech in Africa?

Ahead of the Africa Money and DeFi Summit, Hashing It Out host Elisha Owusu Akyaw (GhCryptoGuy) spoke with Andrew Fassnidge, founder of Africa Tech Summit, and Enoch Antwi, CEO of Dnar — a finance application that has decided to rebuild and reenter the Ghanaian market this quarter. The conversation covered the intersection between cryptocurrency developments on the African continent and the financial technology sector. Fassnidge shared his experience from the perspective of an investor and conference organizer who has seen the genesis of multiple unicorns on the content, and Antwi offered his thoughts from the perspective of a founder in both sectors.

21.09 / 08:21

CBDC regulation Congress US Anti-CBDC bill moves a step closer to passing

The CBDC Anti-Surveillance State Act, aimed at preventing “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC), has taken one step further on its procedural journey after it passed the House Financial Services Committee.

21.09 / 04:31

CBDC Digital Dollar us house committee US House Committee Passes Bill to Block Digital Dollar Launch

A bill designed to block the potential launch of a US central bank digital currency (CBDC) has progressed to the floor of the US House of Representatives following the house committee approval on Wednesday.

21.09 / 01:19

Citi Provident CBDC Digital Citizens Russia Survey: 90% Don’t Want to Be Paid in Digital Rubles – CBDC Setback?

Most citizens in Western Russia say they do not want to get paid in digital rubles, dealing a further blow to the Central Bank’s CBDC plans.

20.09 / 21:59

CBDC regulation Europe European Union Euro International Financial International financial group finds gaps in digital euro legislative package

The Institute of International Finance (IIF) has published an assessment of the European Commission’s proposed legislation on the digital euro. It gave the bill middling marks.

20.09 / 21:57

CBDC Central Bank 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.

20.09 / 20:23

CBDC regulation legislation US Democrats speak up for CBDC global leadership, Republicans fear ‘dark side’

Debate in the United States House Financial Services Committee during the markup of the CBDC Anti-Surveillance State Act on Sept. 20 occasionally wandered beyond strictly financial and technical issues. Star Wars and anarchists were mentioned in the discussion at various points, as were crypto bros.

20.09 / 01:37

Citi CBDC Digital CEO Ruble Russia to ‘Integrate’ Digital Ruble With Tax Code – Moscow Forges Ahead with CBDC

Russia is set to “integrate” its CBDC, the digital ruble, into its tax system, with legislation set to roll out before the year’s end.

19.09 / 01:47

Citi CBDC Target Digital Citizens UBS Ruble 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.

18.09 / 19:59

CBDC Binance regulation SEC Europe European Union SEC accuses Binance of noncooperation, court unseals case documents: Law Decoded

The legal struggle between crypto exchange Binance and the United States Securities Exchange Commission (SEC) continues. The SEC has accused Binance.US of noncooperation in the ongoing investigation. The agency points out that Binance.US’s holding company, BAM, has produced only 220 documents during the discovery process. Many of those materials “consist of unintelligible screenshots and documents without dates or signatures,” the SEC said. The regulator added that BAM has refused to produce essential witnesses for deposition, instead agreeing only to four depositions of witnesses it has unilaterally deemed appropriate.

18.09 / 19:55

CBDC National Kazakhstan Sets Up National Payment Corporation To Lead CBDC Efforts

The National Bank of Kazakhstan (NBK) has unveiled the National Payment Corporation (NPC), a body charged with the implementation of digital financial infrastructure and the digital tenge.

18.09 / 09:37

CBDC Adoption regulation Agency regulatory Kazakhstan establishes regulatory agency to implement CBDC

The National Bank of Kazakhstan (NBK) has established a separate entity to lead the development and implementation of the country’s central bank digital currency (CBDC), the digital tenge.

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