The South Korean central bank has set a date for its “real-world” CBDC pilot, with the first citizens slated to use the coin in the fourth quarter of FY2024. Per the broadcaster KBS, the Bank of Korea (BOK) will team up with the country’s top financial regulators – the Financial Services Commission (FSC) and the…
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The potential is there, but the difficulties in achieving financial inclusivity are often underestimated, a Bank of Canada study shows. A common argument made in favor of central bank digital currency (CBDC) is that it could boost financial inclusion. The nuances of how to accomplish that goal, or even what “financial inclusion” means, remain to…
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The pilot will include private banks and public institutions, while the Bank for International Settlements (BIS) will provide expert technical support. South Korea joins a growing number of nations launching central bank digital currency (CBDC) pilot programs. The country’s central bank, the Bank of Korea (BOK), will launch the pilot project to explore the technical…
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The first deputy governor at Banque de France calls central bank digital currency “the catalyst for improving cross-border payments.“ Representatives of Banque de France, the French central bank, have embraced the global perspective on the central bank digital currency (CBDC) discussion, touting it as the foundation of a new international monetary system. On Oct.3, Denis…
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Sergio Massa, Argentine economy minister and presidential candidate, has announced that, if elected, his new government plan would include launching a national digital currency that local media has called the “crypto peso.” Massa also stated that this plan would involve a tax reduction for transactions that use this new currency. Argentine Presidential Candidate Sergio Massa…
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Russian corporations are starting to make use of the digital ruble, the country’s central bank digital currency (CBDC). Per a report from SPB IT RU, the state-run Sirius Innovation Science and Technology Center has opened a corporate digital ruble wallet. The center has already used its wallet to “successfully conduct” business-related operations. The center is…
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The Bank of Russia offered an update about the state of the digital ruble, the Russian central bank digital currency (CBDC), which is currently in a nationwide pilot. Elvira Nabiullina, governor of the Bank of Russia, stated that the pilot was “going as planned” and that more participants and use cases would be added next…
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Rosbank, one of Russia’s biggest banks, has spent around $1.6 million on digital ruble integration – despite the fact that the CBDC pilot is less than two months old. The bank is one of Russia’s most bullish when it comes to CBDC and crypto adoption. Prior to the August launch of the digital ruble pilot,…
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Rich Dad Poor Dad author Robert Kiyosaki has predicted that bitcoin will “become priceless” when the Federal Reserve launches a central bank digital currency (CBDC). He warned that privacy will be destroyed, emphasizing that “Big Brother will be watching.” The famous author urged investors to start accumulating bitcoin now “before it’s too late.” Robert Kiyosaki’s…
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As the country is considered for EU membership, the digital lari is seen as providing interoperability with a digital euro while preserving monetary freedom. The National Bank of Georgia (NBG) has announced that it will advance its research on a digital lari central bank digital currency (CBDC) in a limited-access live pilot environment. Nine companies,…
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