Norway's central bank, Norges Bank, is expected to make a pivotal decision regarding the implementation of a central bank digital currency (CBDC) by next year, according to Deputy Central Bank Governor Pål Longva. In an interview with Bloomberg on...
India is reportedly weighing a potential ban on private cryptocurrencies such as Bitcoin and Ether, while pushing for the widespread use of the digital rupee, the country's Central Bank Digital Currency (CBDC). According to a report by local news...
After a lengthy spell of research and public consultations that began in 2017, the Bank of Canada has decided to discontinue its efforts to create a digital version of the Canadian dollar. This decision comes even as the central...
Governor Shaktikanta Das of the Reserve Bank of India (RBI) continues to champion the country's Central Bank Digital Currency (CBDC), known as the Digital Rupee, positioning it as a crucial tool for addressing the risks posed by cryptocurrencies. During...
Brazil is integrating DeFi principles into the creation of its own "synthetic" central bank digital currency (CBDC), Drex, formerly known as the Brazilian digital real. According to Roberto Campos Neto, president of Banco Central do Brasil (BCB), the South...
The Reserve Bank of Australia (RBA) seems to be prioritizing the development of a wholesale central bank digital currency (CBDC) over a retail version because of the potential economic benefits and reduced complexity for the nation's financial system. RBA...
Russia's largest bank, Sberbank, will start offering the country's central bank digital currency (CBDC), the digital ruble, to its customers by early 2025. Anatoly Popov, Deputy Chief Executive of Sberbank, reportedly confirmed the bank's involvement, alongside around 20 other...
Google Pay, Walmart-backed PhonePe, and Amazon Pay are among five payment firms seeking to participate in India's central bank digital currency (CBDC) pilot, according to a new report from Reuters. Sources, speaking on condition of anonymity, told Reuters that...
Bahamas is set to publish regulations that will require commercial banks to offer access to its central bank digital currency (CBDC) in a bid to spur increased adoption. According to Reuters, the Bahamas central bank governor, John Rolle, announced...
Starting June 21, Iran's Central Bank Digital Currency (CBDC), the digital rial, will be accessible to banking customers and tourists on Kish Island for domestic micropayments. Kish Island, Iran's second-largest island in the Persian Gulf, will serve as the...
