EU Council Sets Position on Digital Euro and Cash
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…
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ECB Plans Digital Euro Launch by 2029 to Enhance European Strategic Autonomy
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…
UAE and China Complete Landmark Transaction Using Digital Dirhams
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 Finalizes Stablecoin Framework With Tokenized-Bill Trials Driving Next-Wave Flows
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…
Italy Banks Back Digital Euro CBDC, Seek Staggered Implementation Costs
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),…
Central Bank of Brazil Clarifies Drex CBDC Project’s Future: Digital Real Still the ‘Ultimate Goal’
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…
Central Bank of Brazil Postpones CBDC Strategy, Shuts Down Current Pilot Platform
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…
Digital Euro Enters Next Phase as ECB Targets Technical Readiness by 2029
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…
Bolivia Evaluates Feasibility of Interbank CBDC Amid Growing Stablecoin Adoption
The Central Bank of Bolivia has taken preliminary steps to implement an interbank wholesale CBDC, saying it could benefit the modernization and security of the country’s financial system. By contrast,…
Uganda to Pilot CBDC Backed by Treasury Bonds and Mobile Access
Global Settlement Network (GSN) has partnered with Diacente Group to launch a $5.5 billion tokenized economy in Uganda’s Karamoja region. The initiative includes piloting Uganda’s first central bank digital currency…