Global #CBDC

In a significant update last week, the Bank of Canada announced a shift in its approach to central bank digital currency (CBDC) development, moving away from the idea of a retail digital Canadian dollar.

U.K. Finance, the trade association representing the UK’s financial services sector, has successfully completed the experimental phase of its tokenization and central bank digital currency (CBDC) platform.

The Bangko Sentral ng Pilipinas (BSP), the country's central bank, is making significant strides towards launching a central bank digital currency (CBDC) by 2029. The BSP has already completed proof-of-concept stages and is now focused on implementing this innovative payment instrument.

Russia's central bank digital currency (CBDC), the digital ruble, has hit a snag on its road to international integration. A recent statement by a Russian lawmaker revealed that the digital ruble won't be ready for cross-border transactions until 2026.

Cash may be king, but its reign might be nearing its end. Central Bank Digital Currencies (CBDCs) are emerging as a potential game-changer in the world of finance. Let's delve into what CBDCs are, how they differ from traditional currencies, and their potential impact.

Ripple Labs, a prominent player in the blockchain and cryptocurrency space, appears to be expanding its footprint in Georgia. Following the successful collaboration on the Digital Lari project, a central bank digital currency (CBDC) initiative, Ripple executives recently met with representatives from the National Bank of Georgia, hinting at further collaboration.