The countries in the BRICS group —Brazil, Russia, India, China, and South Africa — are moving quickly to create their own digital currencies. These Central Bank Digital Currencies (CBDCs) are not just for modern payments. They are also part...
In digital finance, two players are increasingly shaping the future of money: Stablecoins and Central Bank Digital Currencies (CBDCs). While they share some surface similarities—both are digital assets often tied to fiat currencies—their roles, intentions, and implications are very...
The rollout of the digital ruble is facing significant challenges, as approximately 30% of Russian banks reportedly remain unprepared due to outdated infrastructure and resistance to the country’s Central Bank Digital Currency (CBDC) initiative, the Digital Ruble. A recent...
China's Central Bank Digital Currency (CBDC) expansion significantly impacts global trade dynamics, placing Australia in a challenging position between Beijing and Washington. Marina Yue Zhang from the University of Technology Sydney suggests that the U.S. digital dollar ban could...
The Reserve Bank of New Zealand (RBNZ) has released the findings from its public consultation on the potential introduction of a central bank digital currency (CBDC), or "digital cash," as it chooses to call it. The results were based...
India's central bank is adopting a cautious stance on the rollout of its central bank digital currency, emphasising the importance of thoroughly assessing its potential effects before broadening its implementation. Speaking at a conference in Cebu, Philippines, Deputy Governor...
China is advancing the public rollout of its central bank digital currency (CBDC), the digital yuan (e-CNY), by introducing a new payment card designed to function like a traditional debit or credit card. This digital yuan card was reportedly...
South Korea's Financial Services Commission (FSC) has approved a pilot program involving seven local banks to explore the application of central bank digital currencies (CBDCs) and deposit tokens in digital financial services. In a press release published today, November...
Central Bank Digital Currencies (CBDCs) have become a major point of interest worldwide. As digital versions of national currencies, they hold the promise to revolutionize payment systems, making transactions faster, cheaper, and more accessible. They could even play a...
Small Russian banks are encountering significant financial hurdles in joining the country's central bank digital currency (CBDC) platform, according to a recent report by local media outlet, Kommersant. The report claimed that the integration costs, ranging from ₽120 million...
