Mexican CBDC Unlikely to Be Ready by 2024

Mexican CBDC Unlikely to Be Ready by 2024

Source: Bitcoin.com The Mexican central bank digital currency (CBDC), the digital peso, is unlikely to be ready by 2024, as was announced back in 2021 by the Mexican government. In a statement, representatives from Banxico, the central bank of Mexico, stated the development of the currency was still in its initial stages, and there is […]

Bill on Digital Ruble Submitted to Russian Parliament

Bill on Digital Ruble Submitted to Russian Parliament

Source: Bitcoin.com A group of Russian lawmakers, led by the Chairman of the Financial Market Committee Anatoly Aksakov, have submitted draft legislation on the digital ruble, the central bank digital currency (CBDC) minted by Russia’s monetary authority. The document suggests legislative changes meant to create the conditions for its introduction. According to the explanatory notes […]

National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge

National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge

Source: Bitcoin.com The National Bank of Kazakhstan (NBK) has announced the successful completion of the second stage of testing of the platform for its central bank digital currency (CBDC). The results of the trials and the study on the need for the new version of the national fiat, the tenge, have been presented in a whitepaper published […]

Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs

Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs

Source: Bitcoin.com San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (non-fungible tokens) seeks to enable the promotion of social development, and economic, cultural, and financial inclusion using blockchain. San Luis Approves Blockchain […]

US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private

US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private

Source: Bitcoin.com Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: “Any U.S. CBDC must be open, permissionless, and private.” Congressmen Say Any US CBDC Must Be Open, Permissionless, and Private U.S. Congressman Tom Emmer (R-MN) announced Thursday that […]

Santander Proposes Project to Tokenize and Trade Properties With the Brazilian CBDC

Source: Bitcoin.com Santander, one of the largest banking institutions with a presence all over the world, has presented a proposal to enhance the use case of the proposed central bank digital currency (CDBC), the digital real, in Brazil. Santander is using technology coming from another company, Parfin, to tokenize the property rights of the assets […]

Eswatini Central Bank Partners With German Firm to Explore CBDC

Eswatini Central Bank Partners With German Firm to Explore CBDC

Source: Bitcoin.com Eswatini recently became the latest African country to jump on the central bank digital currency (CBDC) bandwagon after its central bank selected Giesecke Devrient, a Germany-based technology firm, as its partner. An agreement signed by both parties aims to enable them to deepen their “understanding of the practicalities of implementing a CBDC in […]

Ripple to Participate in the Digital Dollar Project’s CBDC Sandbox Program

Original Source: Bitcoin.com The non-profit organization promoting the creation of the digital dollar, the Digital Dollar Project, has announced the launch of a sandbox program to kickstart the probe of the technical implementations of the envisaged digital currency. The fintech firm Ripple is among the four participants that are expected to help the Digital Dollar […]

The Central Bank of Colombia Is Studying the Creation of a Digital Currency

Original Source: Bitcoin.com The Central Bank of Colombia is studying the launch of a digital currency, according to statements made by its manager, Leonardo Villar. The organization is evaluating the launch of this instrument as a means of unifying the different digital wallets in the country, making them interoperable and easier to use for customers. […]

Reserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor

Original Source: Bitcoin.com The governor of the Zimbabwean central bank, John Mangudya, recently said his organization “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Mangudya also revealed that two fintech startups had been admitted into the central bank’s fintech regulatory sandbox.  Stakeholders’ Views Wanted Nearly six months after announcing […]