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Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network

The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with…

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Russia to Ban Banks From Using Messengers Like Telegram to Contact Customers

Financial institutions in Russia will not be able to communicate with clients through instant messengers based outside the country, local media revealed. A new law passed by the State Duma…

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ECB to Decide Whether to Issue Digital Euro in 2023

The European Central Bank (ECB) has published a new report on the progress of its investigation into the possible launch of a digital euro. The research will continue next year…

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Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says

Interest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the European Central Bank (ECB) has indicated. His statements follow the latest rate…

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Bank of Russia to Test International Crypto Payments With Companies

The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted…

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National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge

The central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper. The studies carried out by the regulator on its introduction…

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Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions

The Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. These businesses will be exempted from some reporting requirements as part of…

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