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Iran’s Crypto Rial Project Enters Trial Phase

Iran’s Crypto Rial Project Enters Trial PhaseThe pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s payment system. Iranian Government Prepares to Trial Its Digital Currency The project to issue a digital […]

What is Operation Choke Point 2.0? Trump vows to end it

National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge

National Bank of Kazakhstan Publishes Whitepaper for Digital TengeThe central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper. The studies carried out by the regulator on its introduction did not identify significant risks for the country’s financial stability and economy. Monetary Authority of Kazakhstan Reports on Advance of Digital Tenge Pilot Project The […]

What is Operation Choke Point 2.0? Trump vows to end it

Bank Buys Bitcoin in Kazakhstan, Country to Develop Crypto Exchange

Bank Buys Bitcoin in Kazakhstan, Country to Develop Crypto ExchangeA financial institution and a coin trading platform in Kazakhstan have teamed up to carry out what they say is the country’s first such joint transaction for the acquisition of cryptocurrency. Meanwhile, Kazakhstan’s leadership has declared readiness to further develop crypto exchange in the nation’s financial hub. First Banking Operation With Crypto Assets Opens Door […]

What is Operation Choke Point 2.0? Trump vows to end it

Australia Issues White Paper for Central Bank Digital Currency

Australia Issues White Paper for Central Bank Digital CurrencyReserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested parties to participate with proposals and suggest pilot projects. Central Bank of Australia to Pilot CBDC Until Middle of 2023 The Reserve Bank of Australia (RBA) […]

What is Operation Choke Point 2.0? Trump vows to end it

Central Bank of China Calls for Increasing Use of Digital Yuan

Central Bank of China Calls for Increasing Use of Digital YuanThe People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional e-payment platforms will make the digital yuan more convenient for consumers. China’s Central Bank Insists on Expanding Digital Yuan Environment The monetary policy regulator of […]

What is Operation Choke Point 2.0? Trump vows to end it

Iran Aims to Roll Out Pilot Version of Crypto Rial Within 2 Months

Iran Aims to Roll Out Pilot Version of Crypto Rial Within 2 MonthsThe government in Tehran is taking steps in preparation of the launch of Iran’s new digital currency, referred to as the crypto rial. The monetary authority of the Islamic Republic hopes to initiate the pilot phase of the project within the next two months. Crypto Rial to Be Different From Cryptocurrencies, Central Bank Says Iranian […]

What is Operation Choke Point 2.0? Trump vows to end it

Bank of Russia Steps Up Efforts to Issue Digital Ruble Due to Sanctions

Bank of Russia Steps Up Efforts to Issue Digital Ruble Due to SanctionsThe Central Bank of Russia (CBR) has accelerated the development of its digital ruble in response to Western sanctions. The monetary authority now intends to pilot transactions with the new version of the national fiat in early 2023 instead of 2024, as originally planned. CBR to Launch Transactions, Smart Contracts With Digital Ruble as Early […]

What is Operation Choke Point 2.0? Trump vows to end it

Bank of Russia Reports First Successful Digital Ruble Transfers Between Users

Bank of Russia Reports First Successful Digital Ruble Transfers Between UsersTesting of the digital ruble has started in Russia with the country’s central bank announcing the first complete transactions between individual wallets. The monetary authority, a staunch opponent of cryptocurrencies, says its digital currency will create new opportunities for citizens, businesses, and the Russian state. Digital Ruble Transactions Carried Out by Commercial Banks and Bank […]

What is Operation Choke Point 2.0? Trump vows to end it

Russian Banks Begin Testing Digital Ruble Payments

Russian Banks Begin Testing Digital Ruble PaymentsBanks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer (C2C) payments and Bank of Russia plans to expand the types of operations in the future. Digital Ruble Pilot Launches With 12 Participating Banks The […]

What is Operation Choke Point 2.0? Trump vows to end it

Digital Ruble Should Not Boost Inflation, Bank of Russia Says

Digital Ruble Should Not Boost Inflation, Bank of Russia SaysBank of Russia is preparing for a prolonged trial of the digital version of the national fiat to ensure this is a “full-fledged ruble,” the head of the monetary authority has emphasized. The regulator has put forward some conditions for the implementation of the new currency project. Bank of Russia Sets Conditions for Digital Ruble […]

What is Operation Choke Point 2.0? Trump vows to end it