The Central Bank of Brazil (BCB) is advancing its central bank digital currency (CBDC) framework initiative by collaborating with Banco Inter, Microsoft Brazil, 7COMm, and Chainlink, according to a Nov. 19 statement. The partnership aims to support t

The Reserve Bank of Australia has launched a consultation on Project Acacia, exploring wholesale central bank digital currency and tokenized asset markets. Australia‘s central bank, the Reserve Bank of Australia, alongside the Digital Finance Coopera

A trade association for the world’s airlines is set to integrate the digital yuan into its billing systems by the end of 2024 to enhance payment options. The International Air Transport Association plans to incorporate China’s central bank digital cu

Amid growing fears that Britcoin, the UK’s central bank digital currency (CBDC), is going to supplant cash, Bank of England (BOE) governor Andrew Bailey said that the central bank will continue to supply cash “for as long as people want.” Bailey was

All roads lead to inflation, own BTC: Tudor-Jones. Saylor plans to give away BTC ‘to civilisation’. India considering banning crypto for CBDC. Metaplanet raises $66m, likely to buy BTC. Peter Todd goes into hiding after Satoshi claims. SEC makes cryp

Indian regulators have reportedly supported banning private cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) and pushing for the use of Central Bank Digital Currency (CBDC). This development reinforces India’s CBDC push, which started years ago

The post India About to Ban Bitcoin, Eth As Government Favors CBDC Expansion appeared first on Coinpedia Fintech News India is moving closer to a major decision on cryptocurrencies like Bitcoin and Ethereum. The government is considering banning thes

Experts warn that the high investment required to join the digital ruble platform could be prohibitive for small Russian banks, as it exceeds their annual tech budgets by several times. The entry cost for Russian banks to join the Bank…

A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landsc

The Brazilian Central Bank is opening the drex CBDC pilot to new entrants, aiming to test more advanced use cases and privacy solutions for the project’s second phase. Thirteen use cases have been confirmed, including carbon credits, agricultural bon

Palau has launched a new blockchain-based savings bonds prototype system in partnership with Soramitsu and Japan’s Trade and Economy Ministry. Palau has previously partnered with Ripple to deploy a stablecoin on the XRP ledger, culminating in the fir

The Bank of Russia has explained that the launch of the digital ruble, the Russian CBDC, will not affect the state’s mechanisms to control inflation or the amount of money issued. The institution clarified that the new currency does not pose risks to

Latin America (LATAM) continues to assert its growing importance in the global crypto ecosystem. In Colombia, Nexo has joined the Fintech Association, marking a significant step in its regional expansion. Meanwhile, Worldcoin is extending its World I

TLDR IMF staff introduced a REDI framework for CBDC adoption Framework focuses on Regulation, Education, Design, and Incentives Goal is to enhance CBDC uptake globally Recommends strategies for end-users and intermediaries Encourages central banks to

Canada's central bank has paused its CBDC project, pivoting to research as countries like China and Nigeria advance their initiatives.

The European Central Bank is at the forefront of CBDC experimentation in Europe. Lagarde & Co. aims to create a digital euro that balances security, ...

Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.

Australia's central bank focuses on wholesale CBDC for financial institutions. RBA sees limited benefits in individual CBDC for the general public. Continue Reading:Australia’s Central Bank Prioritizes Wholesale Digital Currency to Secure Financial S

Australia’s central bank has announced a shift toward wholesale CBDC development, citing greater economic benefits and fewer challenges compared to a retail version. The Reserve Bank of Australia seems to be prioritizing wholesale CBDC development ov

RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present.