Russian CBDC by 2025? What’s happening with the digital ruble
2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then. Go to Source Powered by WPeMatico
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Ron DeSantis vows to ban CDBCs in the US if elected president
Speaking at the Family Leadership Summit on July 14, DeSantis promised to ban CBDCs in the United States if he is elected president. Go to Source Powered by WPeMatico
United Kingdom’s digital pound meets public backlash — Why?
The use of physical currency for transactions is plummeting globally, so why is the U.K. so tentative with its own central bank digital currency? Go to Source Powered by WPeMatico
Bank of China trials offline payments for digital yuan via SIM cards
The bank plans to enable users to make phone payments by integrating its e-CNY app with specialized “super SIM cards” that have near-field communication capabilities. Go to Source Powered by WPeMatico
Russian parliament passes a “digital rouble” bill
Document faces confirmation in the higher chamber of Russian parliament and, afterward, the President’s signature. Go to Source Powered by WPeMatico
BIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministers
G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present. Go to Source Powered by WPeMatico
IMF sees climate change, DAOs, CBDC as threats to Marshall Islands, urges reforms
Entering the crypto economy is not a good idea for a country with “capacity constraints” and no central bank, the IMF thinks. Go to Source Powered by WPeMatico
China could benefit from yuan stablecoin over its CBDC – Circle CEO
China may have banned the use of cryptocurrencies but stablecoins might have a role to play in the proliferation of its national currency. Go to Source Powered by WPeMatico
BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’
A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money. Go to Source Powered by WPeMatico
Research: There could be 24 CBDCs live by 2030
93% of the central banks are already conducting research on central bank digital currencies, 68% are still not ready to launch their digital money. Go to Source Powered by WPeMatico