The European Banking Federation (EBF) has just produced a report in which it discusses its perspectives on the digital euro as well as those of the digital money ecosystem in Europe as a whole. The report, published (1) on the 28th of March, examined the digital euro from the perspective of stability and privacy, both … Read more
Ron DeSantis, the governor of Florida, is proposing a law that would make it illegal to use central bank-issued digital currencies (also known as CBDCs) anywhere within the state. The governor was quoted as saying in a press release that the parliamentary proposal is being considered in order to protect businesses and inhabitants of the … Read more
The design of central bank digital currencies (CBDCs) was investigated by the International Monetary Fund (IMF), which discovered certain dangers associated with Islamic banking as a result of their findings. The analysis conducted by the IMF revealed (1), to everyone’s surprise, that the flexibility of CBDCs and foreign exchange would operate in a manner inconsistent … Read more
The United Arab Emirates (UAE) thought that issuing a CBDC would solve its problems with cross-border payments and “promote innovation for domestic payments.” India and the UAE have expressed interest in working together to develop an interoperable CBDC. This will make international sales transactions and money transfers easier to complete. This cooperation may result in other … Read more
When the testing process of the CBDC, digital dollar – the eAUD, officially begins, the Reserve Bank of Australia (RBA) has revealed that it will be working along with payments firm Mastercard. The Reserve Bank of Australia has stated that it plans to investigate a wide range of applications for its central bank-issued digital currency … Read more
A rollout of an official digital version of the ruble is scheduled to take place over the next few years, and the Bank of Russia is continuing its efforts toward the coming implementation of the central bank digital currency (CBDC). The most recent update to the Bank of Russia’s monetary policy indicates that the regulatory … Read more
Millicent has broken new ground by becoming the first organization in the world to conduct a test of a digital currency with a full reserve. On Thursday, July 14, the distributed ledger fintech company Millicent made the announcement that it had successfully completed the world’s first experiment of a Full-Reserve Digital Currency (FRDC) directed at … Read more