South Korea’s KEB Hana Bank is set to work with the central Bank of Korea (BOK) on the latter’s CBDC pilot and stablecoin alternatives, such as tokenized deposits. Per the newspaper Maeil Kyungjae, Hana Bank is now “actively participating” in the BOK’s ongoing CBDC Proof of Concept project. The newspaper noted that the BOK and…
Read more
San Francisco’s Federal Reserve Bank is seeking a crypto architect for a central bank digital currency. San Francisco’s Federal Reserve Bank is seeking a crypto architect for a central bank digital currency project, an Indeed job posting has revealed. According to the role description, the employee will work on CBDC research and development. The position is full-time…
Read more
The central bank reportedly emphasized that the addition of NFC technology will play a crucial role in boosting the adoption rates for the CBDC. Despite the former governor’s ousting nearly two months ago, the Central Bank of Nigeria (CBN) continues to be committed to its central bank digital currency (CBDC) project, showing no indications of…
Read more
The new form of Russia’s fiat, the digital ruble, will make spending more efficient for both government and family budgets, according to a high-ranking lawmaker. Anatoly Aksakov, who was involved in the recent adoption of the new digital ruble legislation, highlighted some of the advantages of programmable central bank money as he sees them. Central…
Read more
The Federal Reserve has launched its Fednow Service for instant payments with 35 participating banks and credit unions, as well as 16 service providers. “The Federal Reserve is committed to working with the more than 9,000 banks and credit unions across the country to support the widespread availability of this service for their customers over…
Read more
The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country. The South Korean central bank (BOK) has published its 2022 Payment and Settlement Systems Report. Oversight of the systems was carried out successfully, the report said, and it is getting ready for a future…
Read more
2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then. The Central Bank of the Russian Federation’s (CBR) central bank digital currency (CBDC) project has been developing rapidly. The first news about the initiative appeared in 2020, and a regulatory bill was introduced in…
Read more
Ripple, a cryptocurrency and remittance services company, expects to start offering its services to U.S.-based businesses after the recent ruling that determines the XRP token is not “necessarily a security” on its face. Stuart Alderoty, Ripple’s CLO, stated the company hopes to start talking with possible customers this quarter.
Ripple Hopeful About U.S. Business…
Read more
Russian experts think the Central Bank will roll out its digital ruble by 2025, with the nation’s biggest banks expressing their eagerness to work with the central bank digital currency (CBDC). The Central Bank is fast-tracking its CBDC rollout, but Delovoi Peterburg reported that “citizens” will “have access to [the CBDC] no earlier than 2025.”…
Read more
Central bank digital currency (CBDC) is a “massive threat” to liberty, Republican Governor of Florida Ron DeSantis is convinced. During an interview with former Fox News host Tucker Carlson, DeSantis vowed to send CBDC “to the ash heap of history” if he is elected President of the United States. DeSantis Tells Carlson CBDC is ‘Not…
Read more
