CBDC | ForkLog

ForkLog 31 27.02.2025

Delay in Launch of Digital Ruble in Russia

The planned July 1 mass launch of the digital ruble has been postponed at the request of participants in the pilot project. This was reported by Interfax, citing a statement from the head of the Central Bank, Elvira Nabiullina. According to her, 15 banks and about 30 companies risk missing the deadline for launching operations. […]

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ForkLog 40 12.02.2025

Central Banks Show Waning Interest in CBDCs, Researchers Find

The proportion of central banks reporting diminished interest in issuing national digital currencies (CBDCs) has risen from zero in 2022 to 15%, according to findings by OMFIF. The study also revealed a decline in the number of central banks eager to issue CBDCs — from 38% to 18%. Data: OMFIF. The sample comprised responses from […]

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ForkLog 32 29.01.2025

NBU Delays E-Hryvnia Pilot Payments Again

The National Bank of Ukraine is preparing a comprehensive pilot project for the e-hryvnia, which will involve real users and payment service providers. This was announced by NBU Deputy Head Oleksiy Shaban in his column in Ekonomichna Pravda. According to him, participants will have the opportunity to test the CBDC in various types of transactions, […]

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ForkLog 37 28.01.2025

Russia Tests Digital Ruble in Budget Operations

The Bank of Russia, the Ministry of Finance, and the Treasury conducted tests of specific operations with the digital ruble within the budgetary process at the end of 2024, as reported by RBC. Details remain undisclosed, but the Ministry of Finance indicated that the parties are exploring this application of CBDC. However, the ministry emphasized […]

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ForkLog 27 24.01.2025

Better Markets Backs SEC in Ripple Case

Better Markets has thrown its support behind the U.S. Securities and Exchange Commission (SEC) in its legal battle with Ripple Labs. The organisation argues that the decision in the XRP case undermines investor protection. #XRPCommunity #SECGov v. #Ripple #XRP @Ripple Better Markets Inc. has filed an Amicus Brief in Support of the @SECGov.https://t.co/cu8lTLBqtM — James […]

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ForkLog 42 22.01.2025

Morgan Creek CEO Discusses Potential XRP Integration into US Banking System

Beyond Bitcoin, the US national reserve might include other cryptocurrencies such as XRP, ADA, and HBAR. This perspective was shared by Morgan Creek CEO Mark Yusko during an appearance on the Good Morning Crypto show. He noted that the founders of these projects aim to “establish contact” with Donald Trump’s circle, particularly his son Eric. […]

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ForkLog 35 17.01.2025

US Treasury nominee opposes a CBDC

Scott Bessent, the nominee for US Treasury secretary, spoke out against introducing a CBDC. “I do not see any point for the United States to have a central bank digital currency. In my opinion, a CBDC is intended for countries that have no other investment alternatives,” he said at a Senate hearing. Bessent — co-founder […]

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ForkLog 30 18.12.2024

Russia Conducts First Cross-Border Transactions with Digital Financial Assets and Plans QR Code for CBDC

In 2024, Russia conducted its first cross-border transactions with digital financial assets (DFAs), engaging in operations with Belarus. This was reported to Izvestia by Anatoly Aksakov, head of the State Duma Committee on Financial Markets. According to him, the DFA market is expected to experience a breakthrough next year, particularly in the realm of international […]

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ForkLog 26 11.12.2024

India’s Central Bank Plans Transition to a CBDC-Based Economy

India is set to restructure its economy with a central bank digital currency (CBDC) as its foundation, according to Shaktikanta Das, the outgoing head of the Reserve Bank of India (RBI). The official reviewed the efforts to implement new technologies over the past six years. Initiatives included the establishment of an innovation hub in Bangalore […]

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ForkLog 29 27.11.2024

Russian Ministry Urges Delay in Digital Ruble Launch

Russian retail networks require a two-year transition period to prepare for operations with the digital ruble, according to the Ministry of Industry and Trade’s response to a bill on initiating transactions in the national currency, reports Izvestia. The ministry believes the timelines set by the regulator are “excessively swift” and pose risks to trade. “It […]

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ForkLog 17 25.11.2024

Bank of Russia Considers Unified App for Digital Ruble

The Bank of Russia has received a proposal from the ARB to develop a unified mobile application for digital ruble transactions, aiming to reduce infrastructure costs for the new national currency. This was reported by Vedomosti. The digital ruble is planned to be mandatory for implementation in all banks: those with a universal license by […]

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ForkLog 37 23.10.2024

Banks Face Significant Costs to Launch Digital Ruble

Commercial banks will need to invest between 120 million and over 200 million rubles to connect to the national digital currency platform, according to experts interviewed by Kommersant. This includes “costs for infrastructure, ensuring information security, application software, and integration work with existing internal banking systems. As the number of connected clients and transactions grows, […]

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