Riksbank Examines Offline CBDC Payment
The Central Bank of Sweden, the Riksbank, has published the concluding report regarding its CBDC, the digital Krona pilot program. The report focused on offline functionality and examined the end-user experience. On March 20, the Riksbank issued its final and fourth report regarding the e-krona. It investigated an offline retail transaction model distinct from the […]
Israel’s Central Bank Unveils Interest-Bearing Digital Shekel Plan
The Bank of Israel has announced an innovative central bank digital currency (CBDC), the digital shekel, which will offer 24/7 transactions, privacy protection, and the unique possibility of accruing interest. The Bank of Israel is taking a bold step into the future of digital finance with its recent announcement on March 11, detailing plans for […]
OFAC Sanctions Entities Behind Iran’s Digital Currency Program
Organizations that unlawfully exported technology to Iran, including one that created the digital currency platform used by the Iranian central bank, were sanctioned by the U.S. Treasury. A press release from the Department of Treasury’s Office of Foreign Assets Control (OFAC) stated that sanctions were placed on a group of organizations on February 14 for […]
Philippines to Launch Non-Blockchain CBDC in Two Years
According to Eli Remolona, the governor of Bangko Sentral ng Pilipinas (BSP), the Philippines is moving closer to introducing a non-blockchain central bank digital currency (CBDC) in the next two years. The proposal, revealed on February 12, is in line with worldwide trends in which regulators are investigating digital tokens as a stable value holder […]
Robert F. Kennedy Jr. Proposes to End CBDC Movement in US
US presidential candidate Robert F. Kennedy Jr. opposed the establishment of a central bank digital currency (CBDC), claiming it would expose any transaction a citizen makes, leading to blackmail or pressure. Regarding the dangers posed by a central bank digital currency (CBDC), Kennedy uploaded a segment of his media appearance on X on January 24. […]