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The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled. Digital Ruble Platform to Support Integration With Other CBDCs, Bank of … Read more
The Russian digital ruble pilot launch was delayed until at least May, but the government still hopes to kick off the currency in 2024. Go to Source Powered by WPeMatico
A European economist has found that a digital euro would be a problem without a solution; just wait and see, he suggested. Go to Source Powered by WPeMatico
Chairman of the Belarusian national bank Pavel Kallaur said a decision on a CBDC would be made “at the level of head of state” after consultations. Go to Source Powered by WPeMatico
The insights of Project Meridian would be used by the Bank of England in its Real-Time Gross Settlement (RTGS) system. Go to Source Powered by WPeMatico
Federal Reserve Board governor Michelle Bowman discussed a potential U.S. CBDC in a speech at Georgetown University. Go to Source Powered by WPeMatico
The Bank of Israel does not want private companies taking over the digital payments system in the country. Go to Source Powered by WPeMatico
BoE deputy governor Sir Jon Cunliffe looked at stablecoin, CBDC and other forms of tokenization taking hold in the modern economy in a speech on financial innovation. Go to Source Powered by WPeMatico
Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He speculated that DeSantis may be influenced by individuals who fear a digital currency could hinder “un-woke activities such as tax evasion and … Read more
The handbook will be descriptive and informational, while the IMF offers advice tailored to specific, prioritized countries. Go to Source Powered by WPeMatico