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India’s CBDC reaches 1 million daily transactions

In July of last year, Rabi Sankar, the Deputy Governor of the Reserve Bank of India (RBI), set a target for the daily transaction volume of the digital rupee to reach 1 million transactions by 2023. At that time, the transaction volume of the central bank digital currency (CBDC) was only 10,000 per day. Local media reported that the company achieved this milestone on December 27, 2023.

Russian tax authorities will start collecting taxes in digital rubles from 2025

The Russian tax authorities will start using digital rubles for taxation from 2025, and banks will be given the power to prevent "suspicious" CBDC transactions. According to Klerk, the latest tax law amendment signed by Russian President Putin at the end of last year states that the Russian tax authorities will "switch to using digital rubles for taxation from 2025". The media added that the Ministry of Finance hopes to "start paying pensions and other social benefits with digital rubles". As part of the expanded pilot program, government agencies promise to actively adopt digital rubles in 2024.

75 U.S. lawmakers have backed Tom Emmer’s proposed CBDC anti-surveillance bill

75 US lawmakers have now supported the CBDC Anti-Surveillance Act. Representative Tom Emmer, who proposed the bill, wrote on X platform on Saturday: "I have introduced the CBDC Anti-Surveillance National Act to protect Americans' financial privacy rights, and it has 75 legislative supporters. We will continue to gain more support." Emmer emphasized: "Unlike decentralized cryptocurrencies, central bank digital currencies are digital forms of sovereign currencies designed and issued by governments, and traded on government-controlled digital ledgers. In short, central bank digital currencies are programmable currencies controlled by governments, and if not designed to mimic cash, they may enable the US federal government to monitor and restrict Americans' transactions." <br>
75 U.S. lawmakers have backed Tom Emmer’s proposed CBDC anti-surveillance bill

41% of central banks expect to have operational CBDC by 2028

According to the latest survey by the Official Monetary and Financial Institutions Forum (OMFIF), 41% of central banks expect to have operational central bank digital currencies (CBDCs) by 2028, and nearly 70% of central banks hope to have CBDCs within 10 years. However, among the central banks surveyed, 17% ruled out the possibility of launching digital currencies.

BITCOIN AS A CBDC

Bitcoin will not kill the U.S. dollar. It will become the U.S. dollar, with all controls and restrictions that any CBDC issuer could dream of. “Impossible!” I hear you crying out, giggling to myself in the face of the utmost ignorance that seems to have accumulated quadratically with bitcoin’s price increase. “Bitcoin is freedom money!”
BITCOIN AS A CBDC

Norway to extend CBDC research to wholesale. Decision in late 2025

Yesterday Norges Bank shared the results of the fourth phase of its central bank digital currency (CBDC) experiments. It doesn’t believe there is currently a need for a retail CBDC but clarified which conditions might trigger a decision. Given that tokenized deposits could provide an alternative to a retail CBDC, it will now explore a wholesale CBDC, for interbank settlement of tokenized deposits.
Norway to extend CBDC research to wholesale. Decision in late 2025

Norway expands CBDC research into wholesale sector

Norwegian central bank has shared the results of the fourth phase of its central bank digital currency (CBDC) experiment. The bank believes that there is currently no need for a retail CBDC, given that tokenized deposits can provide an alternative solution for retail CBDC. Therefore, the bank will now explore wholesale CBDC for interbank settlement of tokenized deposits. The fifth phase will continue until the end of 2025, at which point the central bank management will have the tools to decide whether to continue with CBDC rollout.

Former China Central Bank Governor Says China Needs to Lead the World in CBDC Adoption

Former governor of the People's Bank of China, Dai Xianglong, insisted that China needs to "lead the world" in the adoption of CBDC, which will help make the yuan "the most stable currency".Dai Bingguo added that Beijing also needs to promote the construction of a larger and better central bank system. China hopes to de-dollarize most of its trade departments and hopes that international partners will increase their use of the yuan.It is reported that countries such as Russia and Argentina have already paid for most of their imports from China in yuan.

Glassnode Analyst: Tether is CBDC

Glassnode analyst @_Checkɱate stated on social media platform X that Tether is a CBDC. Travis is correct in saying that if the US government can shut down Russia's reserves, it is difficult to say they do not have the ability to shut down Tether's reserves. The most likely reality is that as fiat currencies collapse, developing countries will switch to the US dollar, and USDT is objectively superior to the peso, bolivar, and lira. Emerging markets mainly provide funding for US retirement, medical, military activities, and government generosity. Ironically, this is a win-win situation for both parties.
Glassnode Analyst: Tether is CBDC

RBA Chairman: Tokenized assets are the next logical step for central bank digital currencies

The Governor of the Reserve Bank of Australia, Philip Lowe, stated that he still has doubts about the use cases for a retail central bank digital currency, and that tokenized assets are the next logical step for a central bank digital currency.