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According to Alla Bakina, Director of the Central Bank’s National Payment System Department, the upcoming implementation of the digital Ruble presents opportunities in the payments arena. The bank estimates that…
As part of its plan to accelerate the “construction of a financial power” and develop the digital yuan, the Central Bank of China has announced that it will allow commercial…
The EU Council has agreed its negotiating stance on introducing a digital euro and reinforcing the legal tender status of cash. The Council of the European Union announced its position…
European Central Bank outlines comprehensive strategy for digital euro implementation, targeting first issuance by 2029 with pilot exercises beginning in 2027. The European Central Bank (ECB) announced its comprehensive digital…
The government of the UAE completed the first transaction using digital dirhams, its CBDC, to make a cross-border payment to China. The development, which leveraged the Mbridge platform, opens new…
Singapore’s push toward resilient tokenized finance accelerates as MAS locks in stablecoin standards and launches broad settlement trials, signaling rising institutional momentum and advancing frameworks designed to scale cross-border activity…
The Italian Banking Association supports a digital-euro central bank digital currency (CBDC) while urging that investment costs be spread over time. Italian banks, led by the Italian Banking Association (ABI),…
The Central Bank of Brazil said the recent pause in using blockchain for drex, its central bank digital currency project, is temporary. The bank intends to continue using decentralized technology…
The Central Bank of Brazil announced it would discontinue the platform used to run drex, the Brazilian CBDC initiative, during its first two phases. Fabio Araujo, the project’s coordinator, stated…
Europe accelerated its digital transformation as the European Central Bank advanced the digital euro into its next phase, setting the stage for technical readiness, future issuance, and a unified financial…