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Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control

Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western ControlA Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landscape amid sanctions. While the digital currency could offer new avenues for trade and reduce reliance on […]

Bybit’s Hack Handling Earns Commendation From Former Binance CEO

US Senator Sounds Alarm on 3 Major Crypto Threats — Could Digital Assets Be in Danger?

US Senator Sounds Alarm on 3 Major Crypto Threats — Could Digital Assets Be in Danger?Utah Republican senator Mike Lee outlined three major regulatory risks to the cryptocurrency industry at the recent Permissionless III crypto conference. They are the creation of a central bank digital currency (CBDC), fragmented state regulations, and heavy federal oversight. He warned these could threaten the digital assets sector, saying, “Cryptocurrency is not a security. Cryptocurrency […]

Bybit’s Hack Handling Earns Commendation From Former Binance CEO

Blackrock CEO Larry Fink Declares Bitcoin an Asset Class, Rivaling Gold in Investment Potential

Blackrock CEO Larry Fink Declares Bitcoin an Asset Class, Rivaling Gold in Investment PotentialBlackrock CEO Larry Fink has emphasized bitcoin’s growing legitimacy as an investment, calling it an alternative to commodities like gold. “We believe bitcoin is an asset class in itself,” said the CEO of the world’s largest asset manager. Fink downplayed regulatory changes, arguing broader acceptance and liquidity will drive market expansion. With the firm’s bitcoin […]

Bybit’s Hack Handling Earns Commendation From Former Binance CEO

Brazillian Central Bank Invites New Participants to CBDC Pilot Program

Brazillian Central Bank Invites New Participants to CBDC Pilot ProgramThe Brazilian Central Bank is opening the drex CBDC pilot to new entrants, aiming to test more advanced use cases and privacy solutions for the project’s second phase. Thirteen use cases have been confirmed, including carbon credits, agricultural bonds, and foreign trade platforms. Brazilian Central Banks Opens CBDC Pilot to New Consortiums Brazil is preparing […]

Bybit’s Hack Handling Earns Commendation From Former Binance CEO

Banks to join SWIFT digital asset trials in 2025

SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its forthcoming digital currency trials in 2025.

Banks in North America, Europe and Asia are preparing to participate in trials involving digital assets by the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

SWIFT announced on Oct. 3 that it will begin digital asset trials on its network in 2025. The trials will involve experiments with transactions that include multiple digital currencies and assets.

Source: SWIFT

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Bybit’s Hack Handling Earns Commendation From Former Binance CEO

Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use Cases

Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use CasesThe Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as offline payments and asset settlement. The creation of an industry forum aims to solve potential challenges while […]

Bybit’s Hack Handling Earns Commendation From Former Binance CEO

Bank of Canada Redirects Efforts Away From Retail CBDC

Bank of Canada Redirects Efforts Away From Retail CBDCThe Bank of Canada has announced a strategic shift away from developing a retail Central Bank Digital Currency (CBDC) to focus on broader payments system research and policy development. This decision follows a public consultation in 2023, which revealed significant privacy concerns among Canadians. While the central bank remains open to revisiting the idea of […]

Bybit’s Hack Handling Earns Commendation From Former Binance CEO

Hong Kong’s e-HKD project expands into tokenization, programmability

The Hong Kong Monetary Authority is looking at a potential CBDC from a wide perspective.

The Hong Kong Monetary Authority (HKMA) has launched the second phase of the digital Hong Kong dollar (e-HKD) pilot study with 21 financial institutions working on 11 use cases for the central bank digital currency and tokenized deposits. In light of the broadening scope of the project, the HKMA is renaming it Project e-HKD+.

The new phase of the project will have its own sandbox and last about a year.

Project e-HKD+ will focus on three themes: settlement of tokenized assets, programmability and offline payments. Many of the use cases are highly generalized and several of them do not reference the e-HKD at all. For example:

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Bybit’s Hack Handling Earns Commendation From Former Binance CEO

Bank of Korea to Launch CBDC Payment Trial in Supermarkets

Bank of Korea to Launch CBDC Payment Trial in SupermarketsSouth Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants will be part of this test. Retail partnerships and global initiatives like Project Agora highlight the broader impact of […]

Bybit’s Hack Handling Earns Commendation From Former Binance CEO

Australian Reserve Bank Has ‘Strategic Commitment’ To Develop CBDC System, According to Assistant Governor

Australian Reserve Bank Has ‘Strategic Commitment’ To Develop CBDC System, According to Assistant Governor

Australia’s central bank and banknote issuing authority is pursuing initiatives on central bank digital currency (CBDC) and digital money. According to Reserve Bank of Australia (RBA) assistant governor Brad Jones, the central bank’s work agenda on digital money will focus more on wholesale CBDC used by banks and other financial institutions than on retail CBDC […]

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Bybit’s Hack Handling Earns Commendation From Former Binance CEO