CBDC News

Fiji’s central bank has issued a warning against crypto investments promoted in the region, citing legal tender laws and potential penalties under local regulations. The Reserve Bank of Fiji (RBF) has issued a public warning, cautioning users from investing in…

Swiss National Bank Chair Thomas Jordan says public central bank digital currency is unnecessary, suggests focusing on interbank trials. Switzerland is unlikely to introduce a public central bank digital currency (CBDC) in the near future, as risks associated with the…

Bank of Russia’s chief signals a slow path to digital ruble adoption, as scaling is expected no earlier than 2025, with mass usage transition anticipated over five to seven years. Scaling of Russia‘s digital ruble following the pilot project is…

SWIFT aims to launch a new platform in the next two years to connect central bank digital currencies to the existing finance system in a bid to boost the CBDC ecosystem. Global financial messaging network SWIFT is planning to launch…

In its latest report, Sweden’s Riksbank stressed the necessity for extensive technical and regulatory development to ensure secure offline payments with e-kronas. Sweden’s central bank, Riksbank, cautioned in its recent research note on CBDCs about the potential risks associated with…

In testimony before the Senate Banking Committee, Federal Reserve Chair Jerome Powell stated the Federal Reserve is nowhere near making a recommendation or adopting a CBDC.

The Central Bank of Nigeria has partnered with Gluwa, a blockchain infrastructure firm, to drive the adoption of the country's central bank digital currency, the e-Naira.

The Hong Kong regulator announced the creation of a sandbox for wholesale central bank digital currency.

The United Kingdom has initiated a consultation regarding its plans to integrate the Organization for Economic Co-operation and Development’s (OECD) cryptocurrency reporting standards into its legal and fiscal framework, a development that followed closely on the heels of the country’s…

Moscow wants to establish an autonomous BRICS payment system, leveraging digital currencies and blockchain in an effort to decrease its dependency on the U.S. dollar. In an interview with the Russian state-owned news agency TASS on Feb. 5, Kremlin aide…

A group of five United States senators has taken significant action against the proposal of a digital dollar by introducing a bill aimed at prohibiting the issuance of central bank digital currencies (CBDCs).  Senators Ted Cruz (R-TX), Bill Hagerty (R-TN),…

Spearheaded by Texas Senator Ted Cruz, Republican senators are making concerted efforts to restrict the ability of the Federal Reserve to launch a CBDC.

Dilip Asbe, the managing director of the National Payments Corporation of India (NPCI), recently voiced his support for the Reserve Bank of India’s (RBI) innovative central bank digital currency (CBDC) initiatives. Speaking at a panel during Mumbai Tech Week, Asbe…

The European Central Bank (ECB) has pledged to introduce upgraded privacy measures for the digital euro, guaranteeing robust data protection and privacy standards.

The U.S. Treasury sanctioned entities for illegally exporting technology to Iran, including one that developed Iran’s central bank digital currency platform. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) said in a press release that on Feb.…

The Philippines is advancing towards the introduction of a non-blockchain central bank digital currency (CBDC) within the upcoming two years, according to the Governor of Bangko Sentral ng Pilipinas (BSP), Eli Remolona. The initiative, unveiled on Feb. 12, follows global…