GENIUS Act: Stablecoin Regulation Divides Opinion The recent signing of the GENIUS Act has sparked a heated debate within the cryptocurrency community and political spheres. Supporters of the act argue that it serves as a crucial barrier against Central Bank Digital Currency (CBDC) dominance, while crypto experts and politicians find themselves at odds over its […]
China pushes global use of digital yuan
China Pushes Global Use of Digital Yuan In a bold move to reshape the landscape of global finance, Beijing is actively promoting the adoption of the digital yuan on an international scale. With a clear strategic vision in mind, China aims to establish a multipolar currency model that would lessen the world’s reliance on traditional […]
India explores new digital rupee features for wider use
India Explores New Digital Rupee Features for Wider Use In a groundbreaking move towards embracing digital currency, India has embarked on a journey to explore new features for the digital rupee, aiming to enhance its accessibility and usability among the masses. The country’s retail digital rupee pilot, which currently boasts a user base of 600,000 […]
Israel unveils early digital shekel plan
Israel Unveils Early Digital Shekel Plan: A Step Towards Future Financial Innovation In a move that signals a significant step towards embracing the digital economy, Israel has unveiled its early digital shekel plan. While the final decision on launching a central bank digital currency (CBDC) is yet to be made, the proposed benefits of such […]
Russia eyes digital rouble for welfare payments
Russia’s Plan to Introduce Digital Rouble for Welfare Payments In a groundbreaking move towards modernizing its financial system, Russia is considering the introduction of a digital rouble for the distribution of welfare payments. This initiative is being spearheaded by key players in the Russian financial landscape, including the Ministry of Finance, the Central Bank, and […]
Digital Pound Lab to explore UK CBDC use cases
Digital Pound Lab to Explore UK CBDC Use Cases The United Kingdom is taking a significant step towards the future of finance with the establishment of the Digital Pound Lab. This innovative initiative is set to explore the potential use cases of a Central Bank Digital Currency (CBDC) in the UK. With a primary focus […]
Central Bank of Norway Decides on CBDC by 2025
In a world increasingly moving towards digital finance, central banks are taking steps to adapt. Norway stands at a pivotal point in this transition, given its status as one of Europe’s most cashless societies. The Central Bank of Norway, known as Norges Bank, is poised to make a significant decision regarding the introduction of a […]
Privacy Concerns Rise as UK Plans Digital Currency Pilot
The United Kingdom is moving towards launching a Central Bank Digital Currency (CBDC) pilot, anticipated for 2025. This initiative aims to modernize the financial ecosystem, but it has raised significant alarm among privacy advocates and economic experts. The primary concern revolves around the potential for government overreach and the implications for personal privacy in an […]
CBDCs Face Resistance from Key Central Banks
The global push towards central bank digital currencies (CBDCs) has encountered significant resistance from key players in the financial industry. The recent decisions by the Reserve Bank of Australia and the Bank of Canada to scale down their CBDC projects raise critical questions about the necessity and viability of these digital currencies. Adding to this […]
Canada Pauses CBDC Project Amid Public Disinterest
The concept of a Central Bank Digital Currency (CBDC) has sparked interest and debate across the globe. Various countries are advancing towards this digital transformation, but Canada has recently decided to pause its own CBDC initiative due to overwhelming public indifference. A significant survey indicated that a staggering 87% of Canadians expressed clear disinterest in […]