Tag: CBDC
Iran and Russia Are Developing Bilateral Trade Solutions Powered by CBDC
“Regulations for CBDC Trade Need to Be Created,” Iran and Russia The attaché claimed that CBDCs might “potentially mitigate the impact of sanctions,” citing the digital ruble and Iran’s “crypto-rial”…
Chief of the Russian Central Bank: Five to Seven Years for Widespread Adoption of the Digital Ruble
No Choice Before 2025 The head of the Bank of Russia, Elvira Nabiullina, has said that although the digital ruble’s trial program would continue, a decision on its general implementation…
Russian Fintech Ventures Embrace Digital Ruble Initiative
Russian fintech startups have embarked on a journey to participate in the digital ruble pilot program initiated by the country’s Central Bank, signaling a significant step in the development of…
Philippine Central Bank’s Bold Move: CBDC Implementation Without Blockchain Technology
The Bangko Sentral ng Pilipinas (BSP) is breaking new ground in the realm of central bank digital currencies (CBDCs), unveiling plans to introduce a distinctive non-blockchain CBDC model. In a…
India’s E-Rupee Achieves Milestone with 1 Million Daily Transactions in December
India’s Central Bank Digital Currency (CBDC), known as the e-rupee, marked a significant achievement in December by recording 1 million daily transactions, aligning seamlessly with the Reserve Bank of India’s…
Chinese city Jinan to allow passengers to pay for bus rides with digital yuan
In a move that marks the wide-ranging utility of cryptocurrencies in daily life, the Chinese city Jinan recently rolled out a new scheme whereby its citizens would be able to…
Revolutionizing Digital Currencies: Ripple Launches Game-Changing CBDC Platform, Empowering Nations and Redefining Finance
Ripple is a digital payment protocol and cryptocurrency that was developed to facilitate fast, low-cost international money transfers. The company behind Ripple, Ripple Labs Inc., was founded in 2012 by…
Russia Shifts Strategy, Abandons State-Run Crypto Exchange for Cross-Border Transactions
Russia has reportedly abandoned its plans to create a state-run cryptocurrency exchange and is now considering the use of existing cryptocurrency exchanges to facilitate cross-border transactions. Anatoly Aksakov, the head…
Launch of Russia’s Digital Ruble Pilot Faces Delays
The eagerly awaited digital Ruble pilot, initiated by the Central Bank of Russia (CBR), has been postponed until the end of July. The delay is attributed to the need for…