Global #CBDC

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.

Despite lacking awareness and understanding, half of the respondents from Germany indicated a willingness to consider using the digital euro as an additional payment option.

Recent reports indicate that the Central Bank of the UAE has given the green light to a new regulation governing the licensing and supervision of stablecoins. Additionally, a set of policies to bolster the banking, insurance, and financial services sectors has been approved.

Democratic Party members of the United States House of Representatives have received an email urging them not to vote against two upcoming pro-crypto bills, although they are strongly encouraged to do so.

The Deutsche Bundesbank conducted a ground-breaking survey that found that Germans were generally receptive to the idea of a digital Euro

With a goal of rolling it out by 2030, the Reserve Bank of New Zealand began a new phase of its investigation into a central bank digital currency (CBDC) on April 17.

The usage of cash is decreasing as a result of advances in digital payment technology, according to Andrew Abir, Deputy Governor of the Bank of Israel, who spoke at the recent "Engines of the Israeli Ecosystem" conference on April 16.

These nations express significant worry over their heavy dependence on remittances and the negative consequences of decreased correspondent banking connections.