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Local media reports that several companies, including Microsoft and EY, have reduced the number of employees working on drex-related solutions. This reduction is due to the central bank’s lack of…
The digital ruble is still expected to be rolled out massively by year-end. Nonetheless, the Central Bank of Russia has reiterated that it will only start the implementation phase once…
South Korea’s CBDC pilot will involve seven major banks issuing deposit tokens, enabling 100,000 participants to make digital payments at top retailers like 7-Eleven, Hyundai Home Shopping, and Kyobo Bookstore.…
Economist Mark Carney is set to automatically become Canada’s next prime minister after winning the Liberal Party leadership race, even though he hasn’t participated in a general election. Justin Trudeau’s…
ECB President Christine Lagarde said the European Central Bank (ECB) aims to finalize preparations for a digital euro by October 2025, but its launch remains contingent on legislative approval and…
Economist Neil Record has criticized the UK’s digital pound initiative, calling it an “ill-fated venture” due to a lack of customer demand. Cash Use Decline British businessman and economist Neil…
Russia’s digital ruble rollout is delayed as the central bank refines its economic model, despite a successful pilot with 15 banks, 1,700 citizens, and 30 businesses participating. Bank of Russia…
In a report detailing the outcome of the first phase of drex, the national CBDC pilot, the Central Bank of Brazil acknowledged that none of the anonymity and privacy solutions…
Federal Reserve Chair Jerome Powell has made it clear that the United States will not introduce a Central Bank Digital Currency (CBDC) during his tenure. This stance marks a notable…
A proposed bill aims to block a government-controlled digital currency, warning it could grant officials total financial surveillance, erase savings, and force spending—just like China’s digital yuan. No CBDC Act:…