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BIS and Central Banks of France, Singapore and Switzerland Successfully Test Cross-Border CBDC Using DeFi

The Bank for International Settlements (BIS) in collaboration with the central banks of France, Singapore, and Switzerland, have collectively declared a triumphant trial of cross-border transactions and settlement using wholesale...
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ECB Chief Lagarde Says Digital Euro is “Not Yet Out There” and Would Take Two Years

Christine Lagarde, the president of the European Central Bank (ECB), acknowledged the significant developments in the crypto sector but indicated that a ‘digital Euro’ pilot would still require “at least...
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Russia Survey: 90% Don’t Want to Be Paid in Digital Rubles – CBDC Setback?

The Central Bank’s plans for a Central Bank Digital Currency (CBDC) in Western Russia have been met with significant skepticism. According to a report by Lipetsk News, a survey conducted...
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CBDC Collaboration Between Hong Kong and Israel Prioritizes Data Privacy and Security

The Bank for International Settlements (BIS), in partnership with the central banks of Hong Kong and Israel, has successfully showcased that central bank digital currencies (CBDCs) can undergo settlement on...
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State Bank of India Introduces UPI Integration for Digital Rupee

The State Bank of India (SBI), the country’s leading public sector bank, has now integrated UPI (Unified Payments Interface) with the Digital Rupee, which is India’s Central Bank Digital Currency...
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South Korean Central Bank Set to Unveil CBDC ‘Blueprint’ Next Month

The Bank of Korea (BOK), South Korea’s central bank, is gearing up to unveil a “blueprint” for its Central Bank Digital Currency (CBDC) in September, underscoring the nation’s commitment to...
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Mastercard Launches Forum for Crypto Industry Players to Discuss CBDCs

Mastercard, the global payments leader, has launched a platform dedicated to fostering conversations and teamwork among stakeholders in the cryptocurrency domain, specifically concerning central bank digital currencies (CBDCs). In a...
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Moscow Metro to Join Russia’s Digital Ruble Trial – CBDC Gathering Pace

The Russian Central Bank is set to test its digital ruble on Moscow’s renowned metro system, indicating significant momentum in the nation’s CBDC (Central Bank Digital Currency) initiative. Earlier in...
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Most Russians Wary of Digital Ruble, Survey Finds – Blow for Moscow’s CBDC?

A majority of Russians express skepticism or indifference towards the digital ruble, Russia’s Central Bank Digital Currency (CBDC), according to a recent survey. BankInform, a media and information service provider,...
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Russian Bailiffs ‘Will Be Allowed to Seize Digital Rubles from Citizens & Firms’

The head of a Russian government agency has confirmed that national bailiffs will have the authority to seize digital rubles from citizens. This comes as the country prepares for a...
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