CBDC | ForkLog

ForkLog 15 27.03.2024

IMF Sees Benefits of Stablecoins and CBDCs for Remote Nations

Central bank digital currencies (CBDCs) and stablecoins could enhance the accessibility and quality of financial services for Pacific island nations, according to a report by the International Monetary Fund (IMF). Experts highlighted the challenges faced by “dozens” of jurisdictions and microstates in the Pacific islands region: “Limited access to financial services contributes to persistent poverty […]

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ForkLog 11 08.03.2024

Federal Reserve Chair: Digital Dollar Will Not Be a Surveillance Tool

The Federal Reserve is not ready to launch a digital dollar and is not interested in a form that would allow for citizen surveillance. This was stated by the head of the regulator, Jerome Powell, during hearings in the U.S. Senate. “I want to say that we are far from recommending or, even more so, […]

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ForkLog 11 07.03.2024

Ukraine’s Central Bank to Involve Citizens in E-Hryvnia Pilot

In the latter half of 2024, the National Bank of Ukraine (NBU) will initiate another pilot project to test the digital hryvnia, involving banks and interested citizens. This was announced by Andriy Podderegin, Director of the Payment Systems and Innovative Development Department of the regulator, in an interview with local media. Financial institutions will conduct […]

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ForkLog 19 07.03.2024

Tether to Aid Uzbekistan in Developing Digital Som

NAPP of Uzbekistan and Tether have signed a memorandum of understanding to advance blockchain infrastructure in the country. Tether signs MOU with National Agency of Perspective Projects (NAPP) of the Republic of Uzbekistan’s to explore and promote the development and adoption of #bitcoin, stablecoins, blockchain technology, P2P, and digital asset tokenization in Uzbekistan??https://t.co/XpveWOWP6i pic.twitter.com/jBvxEK7Lf5 — […]

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ForkLog 15 28.02.2024

US Senators Renew Efforts to Ban CBDC Over Privacy Concerns

On February 26, a group of five US senators introduced the “No CBDC Surveillance State Act”, which prohibits the Federal Reserve from directly issuing a digital dollar to citizens. The proposal’s authors are Republican politicians Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun. They express concern that a central bank digital currency […]

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ForkLog 16 29.01.2024

Experts Warn of Risks to the US from Delayed CBDC Development

The slow progress of the United States in the realm of central bank digital currencies (CBDCs) has allowed China, India, and the European Union to take the lead. This conclusion was drawn by analysts at the Atlantic Council. Over the past year, China has intensified its efforts with digital yuan, the ECB has moved to […]

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ForkLog 18 18.01.2024

Donald Trump Vows to Block CBDC in the US

During a campaign speech in Portsmouth, US presidential candidate Donald Trump vowed never to allow the Federal Reserve to launch a national digital currency (CBDC). This was reported by The Post Millennial. Trump highlighted the risks of “debanking and the emergence of political weaponry” that would accompany the implementation of a CBDC. “As your president, […]

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ForkLog 26 10.01.2024

Russia to Pilot Digital Ruble for State Purchases in Chuvashia

In 2024, Russian authorities plan to test the digital ruble in specific areas of budgetary spending, according to Anatoly Aksakov, head of the State Duma’s Financial Market Committee, in an interview with Rossiyskaya Gazeta. He stated that the new asset will be used for social payments to citizens and state purchases. This could include funding […]

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ForkLog 19 07.12.2023

Digital ruble integrated into Russia’s tax system

On 7 December, the Russian State Duma passed a law providing for the integration of the digital ruble into the tax regulation and oversight system.

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ForkLog 7 16.11.2023

IMF: CBDCs Could Replace Cash

Central banks will have to operate like businesses on CBDC-related matters. The latter could replace cash, IMF Managing Director Kristalina Georgieva said.

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ForkLog 32 16.11.2023

Binance Kazakhstan launches a stablecoin backed by the digital tenge

On November 16, Binance Kazakhstan announced the launch of a test stablecoin backed by the digital tenge.

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ForkLog 29 15.11.2023

Kazakhstan issues payment card linked to the digital tenge

Halyk Bank and Visa issued a payment card linked to the digital tenge.

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