RBA Launches 3-year Program for Wholesale CBDC
The Reserve Bank of Australia (RBA) has announced that it will not pursue a retail CBDC. Instead, the bank will concentrate on the launch of a wholesale CBDC. During a speech at the Intersekt Fintech Conference in Melbourne on September 18, RBA Assistant Governor Brad Jones unveiled the Australian central bank’s three-year roadmap to establish […]
Russia Eyes Mass Digital Ruble Production by July Next Year
After successfully completing pilot tests, the Bank of Russia plans to introduce the digital ruble for general usage by July 2025. Russia’s state-run news agency, TASS, announced that the Bank of Russia could launch its digital currency, the digital ruble, for general usage in July 2025. In a Federation Council speech, Russia’s central bank governor, […]
Swiss Central Bank Extends CBDC Pilot
The digital franc pilot program of the Swiss National Bank is extended for a minimum of two additional years. According to Bloomberg, which quotes SNB governing board member Antoine Martin, the Swiss National Bank (SNB) has chosen to prolong its pilot program for producing a wholesale central bank digital currency (CBDC) until at least 2026. […]
Cardano Founder Charles Hoskinson Name USDC As Early CBDC
Charles Hoskinson’s recognition of USD Coin (USDC) as an early Central Bank Digital Currency (CBDC) shows stablecoins’ growing importance in cryptocurrency. Charles Hoskinson, the founder of Cardano, recently garnered interest in USD Coin (USDC) by designating it as an early Central Bank Digital Currency (CBDC). However, this description illuminates the increasing importance of stablecoins such […]
Russia’s Central Bank Foresees Full-Scale CBDC Implementation
The chief of Bank of Russia predicts a gradual rollout of the digital ruble, with mass usage projected to occur over five to seven years, with scaling expected no early than 2025. Russia’s digital ruble is projected to be scaled back after the pilot project no sooner than 2025, and it will take five to […]