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Russia Expands Digital Ruble Pilot With New Features: Widespread Use Expected in 2025

Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested.…

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Central Bank of Brazil Reveals New Use Cases to Be Tested in Its Drex CBDC Second Pilot Phase

The Central Bank of Brazil disclosed a new set of use cases that will be part of the second phase of the ongoing pilot of its drex CBDC. Among the…

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Central Bank of Brazil Hints at a Future Integration of AI Into Its CBDC

The Central Bank of Brazil has hinted at implementing artificial intelligence (AI) and data monetization processes into Drex, its central bank digital currency (CBDC). In a recent presentation, Roberto Campos…

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India’s HDFC Bank Launches New UPI and CBDC Features

HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its…

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JPMorgan Executive Sees Big Future for India’s CBDC Initiative

Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency unit, highlighted the rapid adoption of blockchain technology in India, particularly after the 2022 launch of the central bank…

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India’s Central Bank Governor Discusses CBDC Progress and International Strategy

The Reserve Bank of India (RBI) is actively exploring the potential of central bank digital currency (CBDC) on an international scale, according to Governor Shaktikanta Das at the Global Fintech…

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RBI Governor Warns Against Rapid CBDC Launch, Advocates Gradual Approach

The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, has highlighted the challenges of implementing cross-border digital currency interoperability and the necessity for robust governance.…

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Wyoming Aims to Launch ‘Dollar-Dependent’ Stablecoin in Q1 2025

Wyoming plans to launch a dollar-based stablecoin, the Wyoming Stable Token, in Q1 2025. The digital asset aims to provide faster and cheaper transactions for individuals and businesses in the…

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RBI Report Highlights India’s Central Bank Digital Currency Development

India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The…

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Polymarket Odds Suggest 81% Chance of RFK Jr. Exiting 2024 Race as Shanahan Hints at Trump Alliance

Based on Polymarket odds, Robert F. Kennedy Jr., a 2024 independent presidential candidate, has a 81% probability of exiting the race after his running mate, Nicole Shanahan, hinted that their…

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