Central Bank of Brazil to Test Security and Transaction Privacy Levels of the Digital Real
The Central Bank of Brazil will focus its first digital real tests on determining the levels of privacy and security that can be achieved with the proposed central bank digital currency (CBDC) infrastructure. The tests will be conducted later this year and will set up a simplified operation to transact with a still-to-be-determined tokenized asset.
5,000 Merchants in India Now Accept Payments in Digital Rupee: Deputy Governor
Rabi Sankar, Deputy Governor at Reserve Bank of India (RBI), announced the first milestones of India’s digital currency at a policy press conference on Wednesday, detailing that the country's CBDC pilot now has 50,000 users and 5,000 merchants.
Russia’s Gazprombank Recommends Slow CBDC Rollout Fearing Loss of Income
Gazprombank, a subsidiary of the leading Russian government-owned gas company, Gazprom, publicly proposed giving banks more time before implementing the digital ruble. The country’s central bank digital currency (CBDC) project has been accelerating due to global financial sanctions amid geopolitical tensions.
Bank of England Releases Paper on Digital Pound CBDC
On Feb. 7, the Bank of England and the HM Treasury department published a consultation paper on the “digital pound,” a UK central bank digital currency.
Nigeria To Regulate Stablecoins & Initial Coin Offerings (ICOs)
The Central Bank of Nigeria (CBN) has taken a major step forward by announcing its plans to create a regulatory framework to manage stablecoins as well as Initial Coin Offerings (ICOs).
Laos Central Bank Partners with Soramitsu on its CBDC Project
Payment Systems Department, Bank of the Lao PDR and Soramitsu signed a Memorandum of Understanding (MOU) to launch CBDC Proof of Concept on February 6, 2023
Bank of England and Treasury Explore Possibility of Launching a State-Backed 'Digital Pound'
The central Bank of England and the UK Government will today, reportedly, formally start a consultation for the 'digital pound'.
Chinese Cities Gives Away $26.6M in Digital Yuan To Drive Adoption
Multiple Chinese cities have reportedly launched initiatives to give away digital yuan (e-CNY) worth over $26.6 million to drive consumption during the Spring Festival.
Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say
Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback.
India’s Largest Retail Chain to Accept Payments in CBDC
India's largest retailer Reliance Retail has announced plans to accept payments in the digital rupee in a move that could boost the nation's adoption of CBDCs.
