BRICS Explores CBDC and Payment Links to Cut Cross‑Border Costs
TL;DR BRICS bloc countries are exploring ways to link their instant payment systems and CBDCs to reduce costs in cross-border transactions. The Governor of the Reserve
CBDC (Latest Publications)
The CBDC (Central Bank Digital Currency) are cryptocurrencies that, unlike traditional ones, are backed and issued by the governments of different countries through their central banks.
This is a completely different concept and contrary to the initial idea with which cryptocurrencies were created. Cryptocurrencies seek decentralization and independence from governmental and financial institutions.
In this section you will find all the news about CBDCs and their implementation worldwide.
South Korea’s CBDC Pilot Raises New Concerns After Skipping Independent Security Audit
TL;DR South Korea’s CBDC pilot completed live payments across more than 80,000 wallets with no independent post-launch security audit. The only formal evaluation was conducted by
Bank of Russia Targets September Launch for Digital Ruble Across Major Banks and Retailers
TL;DR: Imposition of the financial panopticon: The Bank of Russia is forcing systemically important banks and major retailers to implement the digital ruble by September 1,
South Korea Accelerates CBDC Testing With Direct Integration Into Bank Systems
TL;DR: The Bank of Korea’s CBDC advances to its second phase, integrating deposit tokens into existing commercial banking systems. Participants will be able to use the
Senate and House Reach Deal on Bill Blocking a US CBDC
TL;DR Senate and House negotiators agreed on updated housing legislation that would block the Fed from issuing a U.S. CBDC through December 31, 2030. The bill
South Carolina Enacts Comprehensive Crypto Framework
TL;DR: South Carolina enacted a comprehensive crypto framework banning state and local authorities from accepting, requiring or testing central bank digital currency payments. The law protects
Timothy Massad Claims Quiet CBDC Work Continues Despite Public Opposition
TL;DR: Former CFTC director Timothy Massad stated that a U.S. CBDC is inevitable and is being privately explored despite Trump’s public opposition. U.S. officials participate in
Push for Permanent CBDC Ban Intensifies With House Vote Expected This Week
TL;DR: Republican lawmakers seek to permanently ban CBDCs in the U.S., removing the 2030 temporary limit included in a housing bill. Representative Warren Davidson warned that
ECB Strikes Deals to Reuse Open Payment Standards for Digital Euro Rollout
TL,DR: Disguised centralization: The ECB is partnering with technical bodies to unify payments under its direct control. Astronomical cost: It is estimated that implementation will cost
India Turns to Welfare Payments to Accelerate e‑Rupee Adoption Ahead of BRICS Summit
TL;DR: India channels part of its $80 billion social welfare system through the e-rupee across roughly 10 pilot programs. Accumulated e-rupee transactions total just $3.6 billion
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