Tag: CBDC

According to a March 28 report, the Bank of Russia's CBDC pilot program will not begin on its previously announced date of April 1, 2023. The legislation that backs the program has only passed the first reading in the lower house of the Federal Assembly. The report noted that the ...

U.S. Republican Senator Ted Cruz has introduced a bill to prevent the United States Federal Reserve from launching a central bank digital currency (CBDC) for direct-to-consumer use.  Cruz explained in a statement on March 21, 2023, that he introduced this bill to stop the Fed from creating a retail CBDC, ...