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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digital currency
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…
Argentina: Province of San Luis will launch its own cryptocurrency
The upcoming launching of the US dollar-pegged cryptocurrency Activo Digital San Luis, in the province of Sal Luis, western Argentina was announced this week. The provincial Executive Power will established the value of the stablecoin.
The…
Inflation in Argentina accelerates favorable position towards the creation of the digital peso
Inflation in Argentina continues to rise. Analysts estimate that by the end of 2022 it could be above 90 %. The way out of this crisis could be in the creation of the digital peso and the elimination of the current currency.
This measure,…
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,…
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,…
Europe will launch a pilot test of the digital euro in 2023
Fabio Panetta, member of the executive board of the European Central Bank (ECB) and one of the officials with the greatest knowledge about the digital currency project, pointed out that the digital euro could be released on the market by…
ECB will continue with its economic stimulus policy
ECB President Christine Lagarde recently pointed out that raising interest rates too quickly would stifle the Eurozone's recovery. "Raising the main interest rate of the European Central Bank now would not reduce the historically high…
The European Union estimates to launch its digital currency in 2025
The European Commission continues to work on the development of the digital euro and they estimate to finalize a first prototype of their digital currency by the end of this year. But the commission plans to launch it on the market,…
Mitsubishi UFG bank launches progmacoin stablecoin
Mitsubishi UFJ (MUFG Bank) financial institution launched progmacoin, a blockchain-based stablecoin that is pegged to the Japanese yen. The bank entered into an alliance with Japan's SBI Group and Daiwa Securities for the purpose of instant…