In a significant move impacting the future of digital currency, the US House of Representatives has inserted a sweeping provision into its annual defense policy legislation that would prohibit the Federal Reserve from developing or issuing a central bank digital currency (CBDC). The updated version of HR 3838—the House’s draft ...
South Korea has temporarily halted the next phase of its central bank digital currency (CBDC) pilot, signaling a cautious approach amid evolving priorities in the digital asset space. The Bank of Korea (BOK) informed participating banks that discussions for the second stage of its CBDC testing, initially planned for later ...
A new study by the Atlantic Council has revealed a dramatic rise in global interest in central bank digital currencies (CBDCs). According to the survey, a record 134 countries and currency unions, representing 98% of global GDP, are exploring CBDCs, marking a significant increase from just 35 countries in May ...
The launch of Russia's digital ruble has been postponed to mid-2026 as the Central Bank continues to address technical and regulatory challenges in collaboration with major financial institutions. Initially set for July 1, 2025, the delay was confirmed by Central Bank Chairperson Elvira Nabiullina, who did not provide a specific ...
South Korea’s 7-Eleven stores have begun accepting payments in the country’s central bank digital currency (CBDC) as part of an ongoing pilot program set to run until June. Customers using CBDC for purchases at the convenience store chain will receive a 10% discount on all products during the test phase. ...
South Korea is gearing up to launch a large-scale real-world test of its central bank digital currency (CBDC) this March, involving 100,000 consumers and seven major banks. According to local reports, the pilot will feature financial giants such as KB Kookmin, Shinhan, and Hana Bank, marking a significant step in ...
Indian fintech startup Mintoak has reportedly acquired Digiledge for approximately $3.5 million. This acquisition marks the first in India's central bank digital currency (CBDC) sector and involves Digiledge’s expertise in CBDC and bill payment solutions. Mintoak aims to enhance its partner banks—HDFC Bank, Axis Bank, and SBI—with the ability to ...
The Bank of Russia has postponed the mass rollout of its central bank digital currency (CBDC), the digital ruble, as authorities work to refine the pilot program and ensure a robust economic framework for banks and their customers. According to a state-backed news agency TASS report, the central bank initially ...
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 significantly disrupt global finance as it lags in the digital currency ...
Almost a third of central banks worldwide have postponed their central bank digital currency (CBDC) initiatives due to regulatory uncertainties and shifting economic priorities. A February 11 report by the Official Monetary and Financial Institutions Forum (OMFIF) and security tech firm Giesecke+Devrient Currency Technology surveyed 34 central banks. While those ...
