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Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says

Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank SaysSpending with China’s state-issued digital currency has surpassed 100 billion yuan, close to $14 billion, by the end of August, the country’s monetary authority revealed. More than 5 million merchants now accept the digital yuan in 15 Chinese regions as Beijing continues to expand the pilot areas. People’s Bank of China Reports 360 Million Digital […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Hong Kong to Start Testing Digital Currency in Coming Months

Hong Kong to Start Testing Digital Currency in Coming MonthsChina’s special administrative region of Hong Kong is going to trial а digital version of its dollar as early as this year, in preparation for eventual roll-out. The territory is trying to catch up with those that are already launching central bank digital currencies, including the People’s Republic with its digital yuan project. Trials of […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level

China to Expand Digital Yuan Testing in Pilot Cities to Provincial LevelChina’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the People’s Bank has been stepping up digitalization efforts this year. Government to Increase Digital Yuan Coverage in 4 Provinces […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Norway Releases Source Code for Digital Krone Sandbox, Utilizes Ethereum Technology

Norway Releases Source Code for Digital Krone Sandbox, Utilizes Ethereum TechnologyA crypto company working with the central bank of Norway has published the source code for the sandbox created to trial the digital version of the Nordic nation’s fiat currency. The prototype digital krone is being built on the Ethereum network and the regulator wants to test various technologies and evaluate the potential impact on […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Sanctioned Russian Bank Tests In-app Operations With Digital Rubles

Sanctioned Russian Bank Tests In-app Operations With Digital RublesA Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the institutions placed under Western sanctions earlier this year in connection with Moscow’s actions in Ukraine. Russian Bank Experiments With Digital Ruble Transfers via Mobile Application […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Bank of Russia Accelerates Schedule for Digital Ruble Project

Bank of Russia Accelerates Schedule for Digital Ruble ProjectThe Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of 2023. Trials with real transactions and users are scheduled to begin next April, earlier than originally planned. […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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 […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Bank of Russia to Pilot Digital Ruble Settlements in 2023

Bank of Russia to Pilot Digital Ruble Settlements in 2023Russia’s monetary authority intends to conduct the first settlements with the digital ruble next year, its governor announced this week. Speaking to Russian lawmakers, the official highlighted the important role the new currency is going to play for Russia under sanctions. Russia to Trial Digital Ruble in Settlements, International Payments The full launch of the […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing

Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay TestingThe Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being ready to participate yet. Bank of Russia to Experiment With Digital Ruble Payments This […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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 […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change