The Bank of Israel has put forward a possible design for a central bank digital currency (CBDC) should the decision be made to introduce one in the future.The central bank described the proposed digital shekel (DS) as a "multipurpose CBDC", to wit it
Stablecoins issued by traditional financial institutions may face challenges in gaining significant market adoption, according to Matt Hougan, chief investment officer at Bitwise.“TradFi stablecoins will find it harder than they think to win market s
Ripple announced a significant rebrand, aligning its identity with the Internet of Value. The XRP issuer is looking to develop a new brand identity under the changing regulatory space in the US.This strategic shift impacts its products, website, and
US President Donald Trump has signed an executive order directing the government to create a sovereign wealth fund, with industry advocates and at least one lawmaker suggesting the action could lead to the government acquiring Bitcoin.Trump signed th
The Indian government, which has historically been opposed to crypto, is reviewing its regulatory policy in response to adoption by other nation-states.According to Reuters, India's economic affairs secretary, Ajay Seth, said that digital assets "Don
Lunar New Year has become a global celebration and a surprisingly positive period for Bitcoin and crypto — replete with modernizing the hongbao (financial gifts in red envelopes), memecoins bearing the year’s zodiac animal and increased trading acti
The US ban on central bank digital currencies (CBDCs) may significantly influence global CBDC projects, according to industry observers.On Jan. 23, US President Donald Trump signed an executive order officially prohibiting the establishment, issuance
US President Donald Trump’s executive order banning the creation of central bank digital currencies (CBDCs) in the United States could mark a significant shift in institutional cryptocurrency adoption, according to industry executives.The executive o
Kazakhstan took down 36 illegal cryptocurrency exchanges in 2024 amid ongoing efforts to combat money laundering in the region, a drop of 96% from 2023.On Jan. 6, the Financial Monitoring Agency of the Republic of Kazakhstan announced the shutdown of
Authorities in Kazakhstan have blocked more than 3,500 cryptocurrency exchanges operating illegally, according to an announcement by the Kazakh regulator, AFM RK. The crackdown resulted from joint efforts by the National Security Committee and the Mi
The Reserve Bank of Australia has launched a consultation on Project Acacia, exploring wholesale central bank digital currency and tokenized asset markets. Australia‘s central bank, the Reserve Bank of Australia, alongside the Digital Finance Coopera
A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landsc
The Bank of Russia has explained that the launch of the digital ruble, the Russian CBDC, will not affect the state’s mechanisms to control inflation or the amount of money issued. The institution clarified that the new currency does not pose risks to
TLDR IMF staff introduced a REDI framework for CBDC adoption Framework focuses on Regulation, Education, Design, and Incentives Goal is to enhance CBDC uptake globally Recommends strategies for end-users and intermediaries Encourages central banks to
Canada's central bank has paused its CBDC project, pivoting to research as countries like China and Nigeria advance their initiatives.
The European Central Bank is at the forefront of CBDC experimentation in Europe. Lagarde & Co. aims to create a digital euro that balances security, ...
Australia’s central bank has announced a shift toward wholesale CBDC development, citing greater economic benefits and fewer challenges compared to a retail version. The Reserve Bank of Australia seems to be prioritizing wholesale CBDC development ov
A new report reveals that 134 countries, covering 98% of the global economy, are exploring digital currencies, with 44 currently piloting CBDCs. Central bank digital currencies are gaining widespread attention, with nearly 99% of the global economy n
The deal will see Emtech’s CBDC solutions and its regulatory and compliance sandboxes integrated into Accenture’s offerings.
The Bank of England (BoE) wants to test distributed ledger technology (DLT) and wholesale central bank digital currencies or CBDC (wCBDC). These experiments will map the dynamics of the payments lands