Category: CBDC
Digital Ruble to Receive Enhanced Anti-Money Laundering Features by 2025
The Russian State Duma is implementing a new bill to enhance anti-money laundering measures for the digital ruble platform. According to the State Duma Committee…
Bank of Russia Confirms Digital Ruble Will Not Disrupt Monetary Policy
The Bank of Russia has indicated that introducing a digital ruble will not disrupt the existing monetary policy framework. Recently, the central bank released a…
HKMA Launches Phase 2 of e-HKD+ CBDC Pilot Program to Explore Digital Money
HKMA’s Project e-HKD+ seeks to investigate advanced CBDC applications. Eleven firms will evaluate the viability of digital currencies in real-world circumstances. The Hong Kong Monetary…
Deutsche Bank Survey Shows Cash Still Preferred Over CBDCs due to Privacy Concerns
59% of survey respondents believe that currency will always be needed. The most common reason for hesitation to use CBDC is worries about privacy. Despite…
IMF Suggests Framework to Drive CBDC Adoption
The new IMF paper talks about implementing a robust framework at the legislative and central bank levels to accelerate CBDC adoption. The International Monetary Fund…
Bank of Canada Ditches CBDC Plans
Canada’s central bank scrapped its CBDC idea to focus on more pressing requirements. The CBDC program has been in effect since 2017. A CBC report…
Bank of Russia to Launch Digital Ruble Payment System by July 2025
The Bank of Russia is set to roll out the payment infrastructure for the country’s central bank digital currency (CBDC), known as the digital ruble,…
Brazil’s Central Bank Expands Drex CBDC Pilot with 13 New Use Cases
The Central Bank of Brazil has announced 13 new use cases for the second phase of its Drex central bank digital currency (CBDC) pilot. These…
