Russian Central Bank Chief: Mass Adoption of Digital Ruble Expected in 5 to 7 Years

April 11, 2024 Bitcoin.com

bitcoin.com

Elvira Nabiullina, head of the Russian central bank, has stated that the mass launch of the digital ruble will take five to seven years. This appears to contradict recent suggestions by the chairman of the State Duma Committee on the Financial Market that the launch will begin next year. No Decision Before 2025 Elvira Nabiullina, […]

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Chairman of Swiss National Bank Says No Need for CBDCs To Be Issued to Public: Report

April 10, 2024 The Daily Hodl

CBDC

Thomas Jordan, chairman of the Swiss National Bank (SNB), reportedly believes that the risks of a retail central bank digital currency (CBDC) outweigh the benefits. While speaking at an event in Zurich, Jordan said the SNB doesn’t think there is a need to roll out a CBDC to the public right now, Reuters reports. “Consumers […]

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Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Stablecoins are ‘fundamental’ for the US economy — Cantor Fitzgerald CEO

April 10, 2024 The Crypto Briefing

blackrock

Lutnick claimed at a recent conference hosted by Chainalysis that stablecoins are fundamental for the US economy.

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Brazilian BV Bank Tests Tokenized Model for Vehicle Sales

April 9, 2024 Bitcoin.com

bitcoin.com

BV Bank, a Brazilian bank leader in vehicle loans, is running a pilot that uses tokenization to manage vehicle financing and sales operations. The first phase of the tests involves automating consumer-to-consumer vehicle sales processes, including the delivery of tokenized money in exchange for the ownership of the vehicle. Brazilian BV Bank Pilots Tokenization Model […]

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

March 29, 2024 Bitcoin.com

bitcoin.com

SWIFT, the network that provides the messaging system for cross-border banking settlements, has announced plans to launch a CBDC equivalent of its current network in the next two years. The organization recently completed a 6-month test to assess the viability of such a development, which included the participation of 38 institutions, including central banks and […]

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Russia Discusses Testing Digital Ruble for Budget Payments

March 27, 2024 Bitcoin.com

Anton Siluanov

The Central Bank of Russia and the Russian treasury are considering testing using the Russian CBDC, the digital ruble, to complete budget settlements. The tests would involve using this CBDC to make payments to businesses and citizens and receiving payments from these in CBDC, to ensure the targeted use of these funds. Russian Digital Ruble […]

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Latam Insights: Chile to Keep Advancing CBDC Tests, Argentina Debuts VASP Registry

March 25, 2024 Bitcoin.com

AML

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: the Central Bank of Chile will keep experimenting with CBDC, Argentina’s VASPs will have to register to provide services in the country, and Argentines are warming up to bitcoin as an investment instrument. […]

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Hong Kong Launches Second Phase of Its CBDC Pilot Program

March 19, 2024 Bitcoin.com

bitcoin.com

The Hong Kong Monetary Authority announced the launch of the second phase of the pilot of its CBDC, the digital Hong Kong dollar (e-HKD). This new phase will focus on furthering the research on already examined use cases for the currency, including programmability and tokenization, and adding new, not previously explored use cases. Hong Kong […]

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Real-World Assets Platform Gluwa Considers Developing Liberia’s CBDC

March 19, 2024 Bitcoin.com

Africa

The real-world assets platform, Gluwa, is exploring the potential to assist in the development and launch of Liberia’s central bank digital currency. To increase the likelihood of the digital currency’s success, Gluwa is also considering the launch of a satellite-based internet service. Making the Digital Currency Compatible with Liberia’s Mobile Money System Gluwa, a real-world […]

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

U.S. Federal Reserve Lists a CBDC as One of Its ‘Key Duties,’ Warns Pro-Crypto Congressman Tom Emmer

March 15, 2024 The Daily Hodl

Altcoins

The U.S. Federal Reserve listed a central bank digital currency (CBDC) as one of its “key duties” in a document presented to members of Congress. House Majority Whip Tom Emmer, a Republican from Minnesota, says Fed officials handed his staff a document earlier in the Congressional session titled “Key Duties of the Fed – Payment […]

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CBDC

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