The Central Bank of Chile recently indicated that the tests started in May 2022 for the launch of a new digital currency will be expanded.
In the announcement made last Thursday, the Central Bank of the South American country indicated that there will be tests in a controlled environment, which is…
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CBDC
Ron DeSantis withdrew his candidacy for the US presidential race
Ron DeSantis, a staunch opponent of central bank digital currency (CBDC), decided to withdraw from the White House race. The politician expressed his inability to continue a campaign without a clear path to victory.
In an emotional…
IMF says CBDCs can promote financial inclusion
The speech by the director of the International Monetary Fund, Kristalina Georgieva, during the inauguration of the FinTech Festival in Singapore, was an exhortation to public institutions to prepare for the implementation of CBDCs as an…
China inaugurated the first industrial park dedicated to the digital yuan
In a significant development, China opened a pioneering industrial park aimed at developing the digital yuan ecosystem, which is also known as the central bank digital currency (CBDC), according to Chinese press reports.
This innovative…
Argentina sends CBDC project to congress
The Minister of Economy of Argentina, Sergio Massa, indicated this Monday that the country needs a digital currency, which is why he has sent the project for a CBDC to Congress.
Although there are no further details about a digital…
Honduras launches pilot for the creation of a CBDC
The Central Bank of Honduras (BCH in Spanish) is making significant progress towards the modernization of its financial system with the start of the pilot plan for a possible CBDC.
Central bank digital currencies are a safe, fast and…
Latin America at the forefront of CBDC adoption
Latin American and Caribbean countries are directing their economies towards the adoption of cryptocurrencies and CBDC, as an escape route from international sanctions, inflation, the devaluation of their official currency, among other…
Increased interest of central banks around the world for digital currencies
Central bank digital currencies, or CBDCs, are attracting increasing interest from the world's central banks, according to a study by the Bank for International Settlements (BIS).
The study by the Swiss-based body was published on Monday.…
Bitcoin joins the digital real pilot program backed by the Central Bank of Brazil
The Central Bank of Brazil (BCB), the entity in charge of formulating monetary policies in the South American country, this week authorized the participation of Mercado Bitcoin, the exchange with the highest volume of operations at the…
Hong Kong and the United Arab Emirates work on crypto regulation
The financial authorities of Hong Kong and the United Arab Emirates are working on the crystallization of a joint regulatory framework for the use of cryptocurrencies.
In the search for alternative financial mechanisms to the US dollar,…
Ripple signs agreement with Montenegro for the launch of a national CBDC
Montenegro, a European country mostly focused on tourism, has signed an agreement with Ripple for the creation of a national CBDC. The news of the agreement, this April 11, was corroborated by the Central Bank of Montenegro (CBCG).…
Florida to ban CBDC adoption
Florida is working on new legislation that prohibits the use of any central bank currency, or CBDC, as a measure to protect citizens from state control.
Florida Governor Ron DeSantis said Monday: “Unlike a decentralized digital currency or…