A long-time member of the Russian State Duma has criticized the central bank’s approach to digital assets.
Read more
China debuts blockchain-based digital yuan salary payments in Xiong’an
China reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area.
Read more
Cuba’s Central Bank Suspends US Dollar Deposits Nationwide – Officials Cite Embargo ‘Obstacles’
The Republic of Cuba is suspending the use of U.S. dollars due to embargo restrictions with U.S. and foreign banks. The central bank of Cuba’s
Read more
Nigeria’s central bank plans CBDC pilot launch before the end of 2021
The Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions.
Read more
BIS joins France and Switzerland’s central bank on cross-border CBDC project
The central bank digital currency project will test cross-border settlement between French and Swiss fiat currencies.
Read more
Stablecoins not that radical, says Bank of England official
The Bank of England’s executive director of the Financial Market Infrastructure Directorate says that stablecoins are hardly “launching us off into some brave new world.”
Read more