China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals
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China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to…
This US State Just Passed an Anti-CBDC Bill
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North Carolina legislators have approved a bill that prevents the U.S. state from accepting central bank digital currencies (CBDC) as a form…
India’s HDFC Bank Launches New UPI and CBDC Features
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HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital…
RBI Governor Warns Against Rapid CBDC Launch, Advocates Gradual Approach
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The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, has highlighted the challenges of implementing cross-border digital…
Wyoming Aims to Launch ‘Dollar-Dependent’ Stablecoin in Q1 2025
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Wyoming plans to launch a dollar-based stablecoin, the Wyoming Stable Token, in Q1 2025. The digital asset aims to provide faster and…
RBI Report Highlights India’s Central Bank Digital Currency Development
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India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central…
Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada
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Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He…
Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use
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Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only…
Philippines Plans to Introduce Wholesale CBDC by 2029
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Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC…
Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments
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The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central…