Tag: CBDC

The rapid transformation of global finance resulting from the war in Eastern Europe will spur the development of central bank digital currencies – CBDC – in the months to come. We have already written several times about how the war has drastically accelerated the mass adoption of cryptocurrencies. But no state wants to lose control…

US President Joe Biden is ready to sign a long-awaited executive order related to cryptocurrency regulations this week, said Bloomberg citing anonymous sources. The order will allow federal agencies to study the impact of crypto on the economy. According to the Bloomberg report, “The order will direct federal agencies to examine potential regulatory changes, as…

Russia has begun testing its own CBDC, the digital ruble. And the possibilities we have seen are truly frightening. If that is the future of currency, the word “freedom” may soon be only relegated to dictionaries. We have been watching developed democracies endlessly examine the prospect of introducing central bank digital currencies (CBDCs), consider various…

The 2022 Winter Olympics were supposed to be a sort of coming-out party for the digital yuan, China’s CBDC. The People’s Bank of China, China’s central bank, has been trialing the digital yuan in several areas for years now and has started allowing foreigners to use the digital currency for the first time during the…

While the Iranian central bank announced its intention to launch a CBDC, exact details are still scarce, writes Wahid Pessarlay on Cointelegraph. As payment methods continue to evolve, new innovations are improving financial infrastructures that have been in use for years. Currently, central bank digital currencies (CBDCs) are a topic that has grabbed the attention…

China is using the Olympic Games they’re hosting to bring its CBDC, the digital yuan, to a qualitatively new level. The methods of achieving this goal are consistently impressive, although far from always pleasant. Just ahead of the 2022 Winter Olympics in Beijing, the People’s Bank of China (the country’s central bank) confirmed that it…