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 cryptocurrency, a CBDC is directly controlled and issued by…
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CBDC
South Dakota will treat CBDCs as money
The Senate of South Dakota, a state located in the Midwestern United States, recently passed a law that establishes that digital currencies issued by central banks, known as CBDCs, will be considered as legal money in the state. However,…
Japan and Russia will test their CBDC coins in April
The central banks of Russia and Japan announced that in April they will launch the pilot tests of their CBDCs, planes that they have been working on for a few months.
The executive director of the Japan Bank, Uchida Shinichi, declared this…
The United Arab Emirates to issue its CBDC
A recent announcement on digital finance in the United Arab Emirates reported notable progress in launching a CBDC, as a further step towards digital payments.
The Board of Directors of the Central Bank of the UAE indicated this Sunday in…
Visa targets stablecoin liquidations
Visa is investing in the global settlement of digital assets and fiat currencies, with the goal of allowing its clients to convert digital assets into fiat currencies on its platform.
The head of the company's cryptocurrency division, Cuy…
Nigeria studies recognizing cryptocurrencies as investment capital
Nigeria has its digital currency (CBDC), called eNaira. Now, the West African country is studying a bill through which cryptocurrencies could be declared as capital for investment.
The announcement was made this Sunday, by the local…
Central Bank of Spain will test digital currency
Through a press release, the Central Bank of Spain (BDE) announced on Monday that it will start testing a CBDC oriented to retail payments.
According to the statement, the entity invited financial institutions and technology service…
Thailand will need more time for its CBDC
The Central Bank of Thailand (BOT) assured that it has no intention of rushing the launch of its own digital currency, CBDC, so it will take more time than expected to study this possibility and determine the benefits it would bring to the…
Hong Kong presented its CBDC prototype
The authorities of Hong Kong, China, presented the prototype of what will be its digital currency issued by the central bank (CBDC).
This project is called "Project Aurum", which includes a two-tier platform with a wholesale interbank and…
China’s digital yuan transactions top 100 million
China's digital currency (CBDC), issued by the People's Bank of the Asian country, has already penetrated 15 provinces, resulting in more than 369 million payments with this new financial instrument.
The PBOC recently issued a report,…
Australia to launch its pilot test for CBDC in 2023
Australia estimates to complete the pilot tests for the launch of its own CBDC in 2023. This has been indicated by the authorities of the country's Reserve Bank.
The RBA recently published the white paper for this project of its own…
Russia wants to implement its digital currency by 2024
The Central Bank of Russia announced that it plans to implement a digital ruble for 12 previously chosen banks in 2024.
A document issued by the CNR establishes that the comprehensive implementation is scheduled to begin within two years,…