CBDC Financial News

27.10 / 10:41

CBDC regulation 2024 Turkey plans to craft crypto framework in 2024

The 2024 Turkish Presidential Annual Program, published on Oct. 25 in the Official Gazette of the Republic of Turkey, aims to finalize crypto regulations in the country within the calendar year of 2024.

27.10 / 07:11

CBDC digital rupee Indian Banks Offer Rewards to Encourage Digital Rupee Adoption

Indian banks are actively promoting the adoption of the central bank digital currency (CBDC), digital-rupee, by offering a range of incentives to encourage users to conduct transactions with the national digital currency.

26.10 / 12:55

CBDC Adoption JPM Coin handles over $1B in daily transactions — JPMorgan exec

Takis Georgakopoulos, the global head of payments at JPMorgan, has revealed that the company processes over $1 billion in daily transactions through its digital asset, JPM Coin.

26.10 / 10:37

CBDC Adoption regulation Central Bank Bitcoin Mexican Senator Kempis Faces Opposition Over Bitcoin Bill

Long-time tech and blockchain advocate Mexican Senator Indira Kempis said that her Bitcoin (BTC) bill is seeing more positive attention but is also facing increasing opposition.

25.10 / 11:19

CBDC Adoption regulation Europe European Union Euro Bank of Spain Bank of Spain embraces ‘digital euro,’ explains its benefits

Banco de España, Spain’s central bank, has joined a chorus of European banking institutions preparing their customers for the potential benefits of a digital euro. The central bank published a short text on Oct. 19 explaining the nature and uses of the European Union’s potential central bank digital currency (CBDC).

23.10 / 18:43

CBDC International Digital Yuan Enters Oil Market as PetroChina Finalizes First International Crude Trade in CBDC

PetroChina inked a major deal on October 18, becoming the first company to complete an international crude oil trade using China's central bank digital currency (CBDC), the Digital Yuan. The transaction was reported by China Daily, a media outlet owned by the Chinese Communist Party.

23.10 / 08:33

CBDC Crypto Adoption Thailand Delays Plan to Distribute $15 Billion in Digital Currency to its Citizens

Thailand's ambitious plan to distribute digital currency to its citizens, with a total value of approximately $15 billion, has hit a roadblock, as Deputy Minister of Finance Julapun Amornvivat announced a delay in the program's launch, local media outlets reported.

23.10 / 08:33

CBDC Bitcoin Pro-Bitcoin Candidate Javier Milei Heads to Run-off in Argentina’s Presidential Elections

Argentina’s far-right and pro-Bitcoin (BTC) candidate, Javier Milei has failed to clinch victory in the first round of voting trailing biggest rival and Economic Minister Sergio Massa.

20.10 / 16:39

CBDC inflation Milei Argentina’s Central Bank Kicks off Efforts Toward Digital Peso Bill

Much has been said about the potential Central Bank Digital Currency (CBDC) of Argentina in recent times following a suggestion by Economic Minister Sergio Massa to utilize the technology for fiscal growth.

20.10 / 13:05

CBDC regulation Argentine central bank to introduce digital peso bill ‘as soon as possible’

After a series of remarks about the potential benefits of a central bank digital currency (CBDC) for the national economy, the Central Bank of the Argentine Republic said it has accelerated its work on legislation to implement the CBDC workflow in the country.

20.10 / 10:55

CBDC Central Banks of China and UAE Sign MoU to Strengthen Digital Currency Cooperation

The Central Banks of China and the United Arab Emirates (UAE) have recently signed memoranda of understanding (MoUs) relating to digital currencies during the third "Belt and Road" International Cooperation Summit Forum in Beijing this week.

20.10 / 09:53

CBDC regulation Europe European Union Euro EU data protection regulators urge anonymity for smaller transactions in digital euro

On Oct. 18, the European Data Protection Board and the European Data Protection Supervisor issued a joint statement on regulating a digital euro, as proposed by the European Commission in July 2023. The regulators made several recommendations to enhance the personal data protection standards for the European Union central bank digital currency (CBDC).

20.10 / 07:07

CBDC Reserve Bank of India India's Central Bank Launches Wholesale CBDC Pilot For Inter-Bank Borrowing

The Reserve Bank of India has initiated a wholesale Central Bank Digital Currency (CBDC) pilot program for inter-bank borrowing.

20.10 / 02:07

UPS CBDC Digital Citizens Department Russia Gov’t Wants to Use Its CBDC for Tax Collection, Paying Benefits

Russia’s government intends to use the digital ruble to make welfare payments, and wants citizens to use the CBDC to pay their taxes.

19.10 / 12:39

CBDC Digital Currency regulation Europe European Union Euro ECB officials move to 'preparation phase' for digital euro

The governing council of the European Central Bank (ECB) has announced it will begin the ”preparation phase” for the digital euro project following a two-year investigation.

19.10 / 12:39

CBDC Adoption regulation Europe European Union Euro Finland works on instant payments system, embraces digital euro

The Bank of Finland (BOF) is coordinating the creation of a Finnish instant payment solution compatible with European standards. Tuomas Välimäki, BOF board member and member of the Governing Council of the European Central Bank (ECB), made the announcement on Oct. 19.

17.10 / 18:59

Stablecoin CBDC regulation Federal Reserve Digital Dollar Dollar Fed governor Bowman doubles down on CBDC skepticism, likes stablecoin no better

Federal Reserve Board governor Michelle Bowman shared her views on financial innovation in a speech at Harvard Law School on Oct. 17. Bowman has spoken several times on the topic, and her position seems to be growing more bearish.

16.10 / 11:21

Blockchain CBDC regulation open Australia open to idea of CBDC as future of money — RBA

The Reserve Bank of Australia (RBA) is open to using a central bank digital currency (CBDC) as the future of money, where state-issued digital money would represent a tokenized form of central bank reserves.

16.10 / 06:49

CBDC Digital CEO Tencent stage reports Ruble Russian Business Titan Sber to Join Digital Ruble Pilot

Russia’s Sber, the operator of Sberbank, says it will join the Central Bank’s digital ruble pilot, in a major coup for the nation’s CBDC.

13.10 / 10:41

event Blockchain Stablecoin CBDC FIS How CBDCs and stablecoins can coexist: FIS panel discussion

At the recent Future Innovation Summit event held in Dubai, Cointelegraph moderated a panel titled “Stablecoins, Central Bank Digital Currencies and Cross-Border Payments” to explore if CBDCs and stablecoins can coexist and how this would be possible.

13.10 / 08:07

CBDC China's FX Minister Suggests CBDC Programmability for Macroeconomic Management

An official from China's foreign exchange regulatory body has suggested the potential use of "programmable features" within China's Central Bank-Backed Digital Currency (CBDC) to bolster the effectiveness of monetary policy tools.

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