Central Bank of Brazil Invites Applications for CBDC Pilot
Drex can submit proposal applications to the Central Bank of Brazil between October 14 and November 29. The Central Bank of Brazil has declared that it has already approved 13 cases with intricate requests for tokenized real estate, encompassing government-backed loans, agriculture assets, assets in public networks, vehicle negotiations, carbon credits, debentures, and real estate. […]
John Deaton Vows to Fight Federal CBDC, Calls It ‘A Hill to Die On’
John Deaton’s Senate campaign has focused on US Federal Reserve CBDCs, regulatory transparency, and government accountability. John Deaton, a key figure in the cryptocurrency world, has clarified his stance as he runs for the U.S. Senate seat in Massachusetts. In an interview with Generation Infinity , Deaton voiced his opposition to a central bank digital […]
Canada Halts Digital Dollar Project Amid Global CBDC Growth
Canada has elected to suspend its central bank digital currency (CBDC) initiative, redirecting its attention from creating a digital dollar project. The Bank of Canada announced this transition following years of research into the potential digital version of the national currency. The initiative, which commenced in 2017, was initially initiated in response to Canadians’ rapid […]
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, […]
Bank of England rolls out Consultation Paper for Wholesale CBDC
The Bank of England intends to conduct several trials to determine how distributed ledger technology and wholesale CBDCs will affect the changing payments market. In a discussion paper published on July 30, Governor Andrew Bailey stated that the Bank of England’s wholesale central bank digital currency seeks to address the quick advances in money and […]