CBDC Financial News

24.07 / 13:57

CBDC Adoption regulation Bank of Russia Ruble Putin signs law on introduction of digital ruble in Russia

Russia is moving forward with its central bank digital currency (CBDC) as President Vladimir Putin signed the digital ruble bill into law on July 24, according to an official government document.

24.07 / 10:48

Blockchain CBDC Adoption regulation Korean banks to research the stablecoins alternative

Several private banks in South Korea are studying the potential of tokenized deposits technology, an alternative both to private stablecoins and central bank digital currencies (CBDCs).

24.07 / 09:31

CBDC Digital SUN Mobile country boost enaira Nigerian Central Bank Introduces NFC Technology to Boost eNaira Adoption

The Central Bank of Nigeria (CBN) remains committed to the central bank digital currency (CBDC) project, despite the recent ousting of the former governor.

24.07 / 04:35

CBDC Adoption regulation Federal Reserve Congress Congressman Warren Davidson calls to ban and criminalize CBDCs

United States Republican Representative Warren Davidson has spoken out against Central Bank Digital Currencies (CBDCs), urging Congress to ban them and criminalize its development.

24.07 / 01:29

Blockchain COST CBDC USDT South Korea’s Hana Bank to Work on CBDC and Stablecoin Alternatives

South Korea’s KEB Hana Bank is set to work with the central Bank of Korea (BOK) on the latter’s CBDC pilot and stablecoin alternatives, such as tokenized deposits.

23.07 / 21:51

business CBDC Adoption regulation Central Bank Reserve Federal Reserve of San Francisco hiring crypto architect for CBDC project

San Francisco's Federal Reserve Bank is seeking a crypto architect for a central bank digital currency (CBDC) project, reveals an Indeed job posting. According to the role description, the employee will work on CBDC research and development.

23.07 / 09:09

Blockchain CBDC Adoption Africa enaira Nigerian central bank adds NFC upgrade to eNaira for contactless payments

Despite the former governor’s ousting nearly two months ago, the Central Bank of Nigeria (CBN) continues to be committed to its central bank digital currency (CBDC) project, showing no indications of abandoning it.

21.07 / 09:33

Blockchain CBDC Adoption Peoples Bank of China Yuan Digital yuan integration introduced to Chinese business air travel

As the pilot program for China’s central bank digital currency (CBDC) — the digital yuan — takes off, Chinese business travelers will reportedly be able to pay for flight tickets using the CBDC.

20.07 / 06:47

business CBDC Adoption regulation Bank of China transaction volume China’s digital yuan nears $250B transaction volume: Central bank governor

Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank governor has claimed.

20.07 / 02:23

CBDC Adoption Payments Mobile Payments Future South Korean central bank charts out future course of payment systems, CBDC

The South Korean central bank (BOK) has published its 2022 Payment and Settlement Systems Report. Oversight of the systems was carried out successfully, the report said, and it is getting ready for a future with central bank digital currency (CBDC) and is discussing stablecoin regulation broadly.

19.07 / 14:41

CBDC Adoption regulation Banks Central Bank banking Ruble Russian CBDC by 2025? What’s happening with the digital ruble

The Central Bank of the Russian Federation’s (CBR) central bank digital currency (CBDC) project has been developing rapidly. The first news about the initiative appeared in 2020, and a regulatory bill was introduced in 2022, which has now passed through its final reading in the parliament’s lower chamber, the Duma.

19.07 / 07:23

UPS CBDC Digital Cooper Ruble Russian CBDC ‘to Roll Out in 2025’ – Could Banks Accelerate Digital Ruble Launch?

Russian experts think the Central Bank will roll out its digital ruble by 2025, with the nation’s biggest banks expressing their eagerness to work with the central bank digital currency (CBDC).

17.07 / 10:57

CBDC Brazilian Central Bank Digital Currency Raises Alarm as Developer Uncovers Fund Freezing Feature

A blockchain developer has found a code in Brazilian central bank-backed digital currency (CBDC) that would allow the government to freeze accounts or even drain them at will.

15.07 / 17:05

CBDC Adoption regulation Central Bank Digital Dollar Ron DeSantis vows to ban CDBCs in the US if elected president

United States presidential candidate Ron DeSantis once again criticized central bank digital currencies (CBDCs), arguing against the possibility of a digital dollar in the country.

14.07 / 06:23

CBDC Moscow Says Russia and China Must Cooperate on CBDC Regulation

The Russian and Chinese Central Bank must cooperate on CBDC regulation, the Russian Prosecutor-General has claimed.

13.07 / 14:25

CBDC stablecoins Threat India Central Bank Official Warns of 'Existential Threat' from Stablecoin

Reserve Bank of India’s Deputy Governor has warned that stablecoins pose an existential threat to policy sovereignty and are not useful to economies like India.

13.07 / 06:09

UPS CBDC Digital Citizens Platform Ruble Russian Central Bank Readies ‘Real-world’ CBDC Pilot – Digital Ruble Launch Imminent?

The Russian Central Bank could begin “real-world” tests on the digital ruble next month after parliament approved a key piece of CBDC legislation.

12.07 / 13:19

CBDC Parliament Russian Parliament Passes Vital “Digital Ruble” Legislation With Plans To Start Tests In August

As momentum builds around the ‘digital ruble’, the proposed Central Bank Digital Currency (CBDC) of the Russian Federation, the country’s parliament has inched closer to the landmark legislation.

12.07 / 09:55

Blockchain CBDC Adoption Tokens Bank of China trials offline payments for digital yuan via SIM cards

Bank of China, one of the largest state-owned banks in China, is currently conducting trials for a novel offline payment system that connects to SIM cards. This payment method is designed specifically for the digital yuan, also known as the e-CNY, which is China's central bank digital currency (CBDC) currently being tested.

12.07 / 09:19

CBDC Adoption Bank of Russia Ruble Russian parliament passes digital ruble bill

Russia's central bank digital currency (CBDC) project, the digital ruble, has taken a step closer to reality. On July 11, the lower chamber of the Federal Assembly of the Russian Federation, the State Duma, passed the digital ruble bill in the third reading. The legislation now moves to the assembly's upper chamber, the Federation Council, and if passed, the president's desk.

11.07 / 22:19

CBDC Adoption G20 BIS reports BIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministers

In preparation for a meeting of the G20 finance ministers and central bank governors this month, the Bank for International Settlements Innovation Hub (BISIH) submitted two reports — on cryptocurrency and central bank digital currencies (CBDCs) — on July 11. The reports reached very different conclusions about the related technologies.

frequently asked questions about CBDC

What is CBDC and why is it relevant?

CBDC is a high-demand area that interests a wide audience. On our site, we regularly publish updates related to this subject.

Where can I find the latest updates on CBDC?

All latest articles about CBDC can be found in the dedicated section. We publish information regularly.

How can I verify the accuracy of information on CBDC?

We rely on trusted sources to ensure that the information about CBDC is accurate and valuable for our readers.