FinTech
Digital Rouble Will Be Free to Use Till 2025; Corporate Logo Revealed
As of 2025, digital ruble transactions will charge a fee of 15 rubles, or $0.16. Before 2025, all CBDC services will be free of charge for…
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45
News
Central Bank Digital Currency (CBDC)
Section
Central Bank Digital Currency (CBDC)
Crypto
Stablecoin Marketcap Expected to Grow 2,140% in 5 Years as PayPal Enters
Stablecoins are expected to grow from $125 billion to $2.8 trillion in the next five years.
FinTech
Chinese Visitors Can Now Pay With eCNY at Over 200 Hong Kong Shops
Bank of China (Hong Kong) Limited launched a digital yuan shopping festival on July 18 to expand CBDC payments and boost local consumption.
Crypto
Stablecoins Better Suited for Yuan’s International Appeal, Not CBDCs: Circle CEO
Circle CEO believes a stablecoin pegged to a yuan could prove more effective in terms of internationalizing the country’s national currency.
FinTech
DBS Launches Automated CDBC Settlement Platform for Merchants in China
Singapore's biggest bank DBS launched a solution that allows Chinese consumers to collect digital yuan payments.
Crypto
South Africa to Enforce License Regime for Crypto Firms: Bloomberg
South Africa will require crypto exchanges working within its borders to register with the FSCA.
Crypto
What is the Purpose-Bound Money Concept Proposed by Singapore?
The PBM protocol would allow senders to set conditions including how long the money is valid and on which platforms it can be used.
Crypto
Ripple’s New CBDC Platform Aims to Simplify Issuing Digital Currencies
Ripple's CBDC platform comes as 114 countries, representing over 95 percent of global GDP, are currently exploring a digital currency.
Crypto
Bank of Korea Taps Samsung to Research Offline CBDC Use
Last year, Samsung and BOK built a protocol that enables CBDC transfers using NFC technology.
Crypto
Montenegro’s Central Bank to Work With Ripple on its National Stablecoin
Montenegro central bank hopes to analyze potential benefits and risks CBDCs can pose through the Ripple-led pilot program.
Crypto
India Has 1.4 Billion People and Only 50,000 CBDC Users
According to India's central bank, only 50,000 users are participating in the country's CBDC pilot project.
Policy
Congress Committee Asks the DoJ for Legal Assessment of CBDCs in the US
A Congress Financial Committee sent a letter asking the DoJ to provide its assessment of the need for a legal framework with regard to a US…
Banking
Three Countries Team Up With BIS to Test Cross-Border CBDCs Payments
The BIS is exploring ways to improve international payments using CBDCs in collaboration with Norway, Sweden, and Israel.