Digital Euro Holding Limit: Debate Continues
The president of Germany’s central bank has highlighted the ongoing debate about the holding limit for the digital euro, Europe’s central bank digital currency (CBDC). He noted that recent Bundesbank…
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Iran Officially Unveils Central Bank Digital Currency Project
Iran officially unveiled its central bank digital currency (CBDC) on Sunday during a ceremony attended by Central Bank of Iran (CBI) Governor Mohammad Reza Farzin and chief executives of several…
Parfin Creates New Blockchain to Be Used as Privacy Solution for Brazilian CBDC
Parfin, a financial technology company, has created a new blockchain system to be used as a privacy solution for the Brazilian CBDC, drex. Rayls, the new blockchain, will offer the…
Iran Launches Digital Rial Pilot on Kish Island
The Central Bank of Iran (CBI) has announced the initiation of a pilot scheme to introduce the country’s central bank digital currency (CBDC) on the southern island of Kish. The…
Ripple Working With 10 Governments Globally, CEO Reveals in Rediscovered Interview
In a resurfaced video clip, Ripple CEO Brad Garlinghouse stated that his crypto firm is collaborating with around 10 governments globally on central bank digital currencies (CBDCs). “A central bank…
CBDC Interest Climbs Steadily Over Five Years, Google Trends Data Shows
Google Trends data reveals a consistent increase in search interest for “CBDC,” which stands for central bank digital currency, over the past five years. The term has maintained a score…
Chinese Gang Arrested for Exploiting Digital Yuan
In Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days. The digital yuan, or e-CNY, is the People’s…
BIS Survey: 94% of Central Banks Exploring Digital Currency
The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC…
Ghana Central Bank Partners With Singapore Regulator to Demonstrate Use of Digital Credentials in Global Trade
The Ghanaian central bank recently collaborated with the Monetary Authority of Singapore (MAS) to demonstrate the use of digital credentials in international trade. The second phase of Project DESFT culminated…
Russian State Duma Official: International CBDC Settlements to Become ‘Common Practice’ in 5 Years
Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, has predicted that international trade will migrate to CBDC for settlements during the next five years. Aksakov stressed that…
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