CBDCs
Zimbabwe Nears Implementation of Gold-Backed Digital Tokens for Domestic Payments
The Reserve Bank of Zimbabwe (RBZ) has announced that it is finalizing its plans to introduce Gold-Backed Digital Tokens for...
Russia’s Central Bank to Begin Pilot Testing of Digital Ruble on August 15
Russia's Central Bank has announced that the anticipated pilot testing program for its central bank digital currency (CBDC), known as...
Brazil’s Central Bank Unveils a New Name for its CBDC
Brazil's central Bank, Banco Central do Brasil (BCB), announced on August 7, 2023, that their digital currency (CBDC) will now...
South Korean Banks Research Tokenized Deposits as Viable Alternative to Stablecoins and CBDCs
South Korean private banks, Hana Bank and Woori Bank, are reportedly exploring the possibilities offered by tokenized deposit technology as...
Growing Opposition to CBDCs: Congressman Davidson Calls for Legislation Against Their Creation
Republican Congressman Warren Davidson has joined a growing number of U.S. politicians to advocate against the creation of central bank...
China’s CBDC Hits Major Milestone: Records Over $250 Billion in Transactions
During a conference in Singapore on July 19, 2023, Yi Gang, the governor of the People's Bank of China, revealed...
Iran Successfully Completes Pre-Pilot Phase of its Central Bank Digital Currency (CBDC) Project
The Central Bank of Iran (CBI) has completed the pre-pilot phase of its CBDC development, according to an official statement...
Canada Begins Consultation On CBDC’s, Stablecoins And Cryptocurrencies
The Canadian federal government has set up a consultation process for CBDCs (central bank digital currencies), stablecoins, and crypto. This...
EU Announces Plans to Legislate on the Digital Euro in 2023
On Monday, November 7th, the European Commission announced a legislative proposal for a digital euro, which will be released in...
Reasons Countries With Weak Currencies Should Not Develop CBDCs
Central Bank Digital Currencies (CBDCs) have recently become a hotly debated topic. Various countries are researching and experimenting with creating...
