Brazil Central Bank Launches Drex CBDC
The Central Bank of Brazil confirms the temporary pause in its Drex CBDC project, emphasizing continued blockchain use and future tokenization-linked settlements. #Update #Crypto
CBDC
Brazil CBDC Strategy Delayed Pilot Halted
The Central Bank of Brazil halts its drex CBDC platform, shifting focus to asset collateralization, as announced by project coordinator Fabio Araujo. #Update #Finance
Chainlink Powers Real-Time CBDC Settlement
Banco Inter and @Chainlink successfully conducted a blockchain pilot enabling real-time CBDC trade settlements between Brazil and Hong Kong, enhancing global trade finance with reduced costs. #Update #Crypto $LINK
European Central Bank Launches CBDC by 2029
The European Central Bank targets a 2029 launch for its digital euro, pending legal framework agreement, amid ongoing skepticism from banks and lawmakers. #Update #Crypto $EUR
CBDC Launches Bolivia Argentina Seals $20B Deal
Bolivia explores a wholesale CBDC, while Argentina finalizes a $20 billion currency swap deal. President Milei summoned by Congress over Libra. #Update #Crypto
Stablecoin Adoption Spurs Bolivia CBDC Evaluation
The Central Bank of Bolivia plans to implement a wholesale CBDC to modernize its financial system, dismissing retail CBDC benefits. #Update #Finance
Kyrgyzstan Launches National Stablecoin Initiative
Kyrgyzstan advances its national cryptocurrency strategy, launching a stablecoin and piloting the digital som for government payments, while building a crypto reserve and partnering with Binance Academy. #Update #Crypto $BNB
Uganda Launches CBDC Backed by Bonds
Global Settlement Network partners with Diacente Group to launch a $5.5B tokenized economy in Uganda, piloting the nation’s first CBDC backed by treasury bonds. #Update #Blockchain
Bitcoin Giants Launch Reserve-Backed Digital Currency
Nine major banks, including @GoldmanSachs and Deutsche Bank, form a consortium to explore reserve-backed digital money on public blockchains, aiming to enhance cross-border payments.
RBI Launches Digital Currency Amid Crypto Ban
India plans to launch an RBI-backed digital currency, discouraging unbacked cryptos through heavy taxation, Union Minister Piyush Goyal announced in Doha. #Update #Crypto
SEC Approves Nigerian Digital Currency Framework
Nigerian Central Bank Governor Olayemi Cardoso announces collaboration with Nigeria’s SEC to develop a sustainable digital currency framework. #Update #Crypto
CBDC Launches to Enhance Brazil’s Transparency
Brazil’s finance minister, Fernando Haddad, asserts Drex, the country’s CBDC, aims to enhance transaction transparency without government control over payments. #Update #Finance
Digital Yuan Launches New Operation Centre
China’s People’s Bank of China (PBOC) launched an international operations center for the digital yuan (e-CNY) in Shanghai, aiming to enhance cross-border payment efficiency amid a pause on tokenization efforts. #Update #Crypto $USDT
CBDC Launches: Bolivia Enters Global Stage
The Central Bank of Bolivia will launch its national CBDC, the digital boliviano, this month to modernize payments and offer a regulated alternative. #Update #Finance