CBDC Financial News

08.08 / 09:51

CBDC Adoption regulation Brazilian CBDC gets official name and logo

Brazilian central bank digital currency (CBDC), previously commonly referred to as “digital real”, gets its official brand name. It would be called Drex.

08.08 / 06:21

CBDC Digital Citizens Extreme CEO country Ruble Russian Banks Say Citizens Are ‘Wary’ of CBDC Plans – Digital Ruble Faces Roadblock?

Russia’s biggest banking association has demanded clarification on Moscow’s CBDC plans, and says citizens are “wary” of the digital ruble.

08.08 / 02:21

business Ethereum Stablecoin CBDC PayPal us government transactions PayPal USD NOT Paypal USD: Boon for Ethereum but not decentralization, says community

Paypal’s new Ethereum-based stablecoin, PYUSD has been seen as bittersweet news for the crypto community.

08.08 / 01:53

UPS CBDC Digital performer country Ruble Belarus Prepares to Launch ‘Cross-Border’ CBDC – Russia’s Digital Ruble an Inspiration?

Belarus is set to follow suit with Russia’s CBDC development plans – and plans to launch a digital version of the Belarusian ruble for use in “cross-border” payments.

04.08 / 22:15

Government CBDC Adoption Elections NOT CBDC supporter likely in White House next term, crypto divide not red v. blue: Grayscale

The next president of the United States is likely to be in favor of central bank digital currency (CBDC), crypto asset manager Grayscale observed in a post on its website, as the current frontrunners in both political parties have expressed their support for it. Neither seems to like Bitcoin.

04.08 / 08:37

CBDC Adoption regulation Bank of Russia Bank of Russia presents digital ruble’s logo and commission fees

The central bank digital currency (CBDC) project, being developed by the Bank of Russia has now got its official logo. The Bank of Russia has also published commission fee rates, which would exceed zero points only in 2025.

03.08 / 21:55

CBDC Adoption Digital Dollar Digital Dollar Project completes CBDC retail remittance pilot with Western Union

The Digital Dollar Project (DDP) announced the completion of a pilot study of remittance payments to the Philippines using a simulated retail central bank digital currency (rCBDC). Western Union and BDO Unibank were partners in the project.

02.08 / 20:21

CBDC Adoption Digital Currency ERC-20 MIT MIT Digital Currency Initiative introduces at-scale, programmable CBDC platform

The Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) has introduced the experimental PArSEC platform. PArSEC — short for "parallelized architecture for scalably executing smart contracts" — is open source and developed with central bank digital currency (CBDC) in mind.

01.08 / 10:37

CBDC Central Bank place South Korea's CBDC Pilot to Take Place in Jeju, Busan, or Incheon, Excluding Seoul

The central Bank of Korea (BOK) has narrowed down the choices for its central bank digital currency (CBDC) pilot venue to three regions. Notably, the nation's capital Seoul is not among these.

01.08 / 09:33

CBDC Binance regulation Nigeria’s SEC warns against trading on Binance

The Securities and Exchange Commission of Nigeria (SEC) issued a warning for local investors against using one of the world’s largest crypto exchanges, Binance. It refers to the previous circular, issued against the fraudulent company, which had been illegally using Binance brand.

31.07 / 10:01

CBDC Adoption Central Bank NOT South Korea to pilot CBDC in one of these three cities, not Seoul

The Bank of Korea has narrowed down three regions for the piloting of its central bank digital currency (CBDC), which does not include the country’s capital Seoul, according to a report from a local South Korean media outlet.

29.07 / 01:49

CBDC Digital Cooper Citizens country Russian Bailiffs ‘Will Be Allowed to Seize Digital Rubles from Citizens & Firms’

Russian bailiffs will be allowed to seize digital rubles from citizens, a government chief has confirmed – as the nation readies a “real-world” CBDC pilot.

27.07 / 06:11

CBDC Digital Citizens country social Ruble Russian Regions Welcome Digital Ruble Developments – But When Will CBDC Debut?

Russian regions are welcoming news that the nation’s digital ruble pilot is set to officially launch on August 1, but banks and officials claim that a full CBDC rollout may not come until 2027.

27.07 / 01:51

UPS CBDC Digital Platform performer Russian CBDC Pilot Launch News Draws Mixed Reactions from Biz Community

The Russian business community and financial experts have spoken about the potential pitfalls – and possible advantages – of a digital ruble as Moscow prepares for the August launch of a CBDC pilot.

26.07 / 18:37

CBDC Adoption Investments Survey Indian Support Chinese, Indian investment professionals show strong support for CBDC in new survey

The CFA Institute, the professional association that provides Chartered Financial Analyst credentialing, surveyed its members on their perceptions of central bank digital currency (CBDC), saying it wanted to examine the demand-side outlook on the financial technology.

26.07 / 14:35

CBDC Adoption regulation Banks Central Bank banking Threat Existential threat? Why some banks are anxious about CBDCs

In the current climate, which is pretty hostile for the digital assets industry following the failures of 2022, central bank digital currencies (CBDCs) are often perceived as “crypto killers.”

26.07 / 00:03

Stablecoin CBDC Ripple regulation Backed USD-backed stablecoin pilot project launched by Pacific island nation of Palau

The government of Palau is set to begin a pilot project for a United States dollar-backed stablecoin on July 26. The new coin will be issued on XRP Ledger.

25.07 / 10:01

CBDC Digital Citizens Platform show country Ruble Putin Signs Digital Ruble Law, Greenlighting Russia's Central Bank Digital Currency

Russian President Vladimir Putin has officially signed a bill that will introduce a digital version of the country's national currency.

25.07 / 08:47

CBDC Adoption regulation Wyoming seeks ‘stable token’ commission head in first steps to establish state stablecoin

Wyoming is beginning its work on the state’s stablecoin, or, as it’s called officially, the “stable token” project, by opening a job position for a head of the stable token commission. The potential executive will lead a team, responsible for making a proper legislative framework for the project.

25.07 / 01:23

CBDC Digital Citizens RBC country lawmaker Top Lawmaker Suggests China and Russia’s CBDCs Are ‘Compatible’

A leading Russian lawmaker says China and Russia’s CBDCs may be “compatible” and could be used to make international payments between the nations.

24.07 / 14:21

CBDC Federal Reserve Jerome Powell U.S. Federal Reserve Reserve Speculation Fresh Speculation Arises as US Federal Reserve Debuts FedNow Instant Payments Service

The US Federal Reserve recently unveiled the FedNow Service system to facilitate instant payments; however, experts warn that the system might become a precursor to the infrastructure for a central bank digital currency (CBDC).

frequently asked questions about CBDC

What is CBDC and why is it gaining attention?

CBDC is a significant category that draws public attention. On our site, we regularly publish articles related to this subject.

Where can I find the latest updates on CBDC?

All latest articles about CBDC can be found in the special selection. We publish information as it becomes available.

How can I verify the accuracy of information on CBDC?

We consult with professionals to ensure that the information about CBDC is well-supported and valuable for our readers.