India’s central bank has proposed that BRICS countries link their digital currencies to enable faster and cheaper payments within the bloc. India wants to add this proposal to the agenda…
Browsing: CBDC
Commercial banks in China will begin paying interest on digital yuan wallets from 2026. Digital yuan balances will get deposit insurance protection, mirroring treatment of traditional bank deposits. China’s central…
Christine Lagarde reaffirms ECB’s dedication to developing a digital euro despite global uncertainties. Analysts stress that digital euro faces competition from the U.S. dollar and cryptocurrencies’ growth. In a recent…
7-Eleven now accepts CBDC in South Korea as part of a national pilot involving major banks and retailers until June 2025.
South Korea’s Bank of Korea will launch a CBDC pilot in April 2025, involving 100,000 users and major banks to test digital payments.
Following Trump’s crypto-friendly stance and softened SEC fight, Ripple revamped its website visuals, removing the CBDC focus and highlighting investments. Instead of highlighting new customers, Ripple now focuses on investments…
Scott Bessent’s confirmation as Treasury Secretary, with a 68-29 Senate vote, marks a leadership shift focused on fiscal and digital asset policies. Bessent rejects a U.S. central bank digital currency…
Donald Trump cancels CBDC in favor of USD-backed stablecoins, promoting privacy, financial freedom, and a competitive digital finance ecosystem.
Treasury Secretary nominee Scott Bessent strongly opposed U.S. digital dollars at a Senate hearing and backed Trump’s anti-CBDC stance. The U.S. may stop studying digital currency plans while other countries…
Fed Chairman Jerome Powell says a digital dollar would undercut other digital assets He also acknowledged the need to better regulate stablecoins to prevent ‘fragmentation’ in the payments system Federal…