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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), say they support the European Central Bank’s (ECB) digital euro project, ABI General Manager Marco Elio Rottigni told a Florence press seminar on Nov. 8, … Read more
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 in the future, including issuing its own currency for tokenization-linked settlements. Central Bank of Brazil: Drex CBDC Project Still Alive The Facts The Central Bank … Read more
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 that drex would pivot to a platform to facilitate the use of assets as collateral. Central Bank of Brazil Winds Down Drex CBDC Platform, Pivots … Read more
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 system built for global competitiveness and innovation. ECB Advances Digital Euro Project The European Union’s move toward digital financial infrastructure reached a key turning point … Read more
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, a retail‑based system would offer limited benefits. Central Bank of Bolivia Plans Implementation of Wholesale CBDC, Disregards Retail Focus The Facts: The Central Bank of … Read more
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 (CBDC), backed by treasury bonds and accessible via mobile devices. Built on GSN’s blockchain, the project will digitize key sectors like agriculture, mining, and energy, … Read more
The European Central Bank just supercharged the digital euro’s momentum, locking in top-tier firms to build core infrastructure components that could revolutionize payments across Europe. European Central Bank Secures Tech Partners While Awaiting Digital Euro Regulation The European Central Bank (ECB) continues to advance preparations for a potential central bank digital currency (CBDC) as it … Read more
Fernando Haddad, Brazil’s finance minister, said the objective of Drex, the country’s CBDC, is to increase transparency of flows and facilitate financial transactions. Haddad denied that the government would seek to exert control or monitor payments using the tool. Brazil’s CBDC Does Not Seek Control, Finance Minister States Fernando Haddad, Brazil’s finance minister, shared his … Read more
Piero Cipollone, member of the ECB Executive Board, delivered a keynote at the Baltic conference “Payments & Policy in a Changing Environment,” arguing the digital euro is essential to preserve Europeans’ ability to use sovereign money as transactions go increasingly digital. Cipollone framed the digital euro as an extension of central bank money that would … Read more
The European Central Bank’s digital euro trials revealed some breakthroughs in payment innovation, with broad support fueling ambitious 2026 plans to expand access, efficiency, and inclusion. ECB Pushes Forward With Next Phase of Digital Euro Testing The European Central Bank (ECB) has unveiled the results of its digital euro innovation platform and outlined plans for … Read more
