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CBDC

Bank of Israel Unveils Possible Design of “MultiPurpose” Digital Shekel CBDC

The Bank of Israel has put forward a possible design for a central bank digital currency (CBDC) should the decision be made to introduce...

Trump Issues Executive Order on Crypto Working Group, Prohibits CBDC

Key Takeaways Trump signed an executive order to establish an internal working group tasked with fostering crypto innovation and development in the U.S. The order also...

Morocco preparing law to allow crypto, CBDC Research

Key Takeaways Despite the ban on crypto, an estimated 3.1% of Moroccans hold digital currencies BAM is evaluating how a digital dirham could help achieve public...

Reserve Bank of India Expands CBDC Use for Cross-Border Payments

Key Takeaways The move aims to enhance the speed and efficiency of international transactions  The RBI is not yet looking to introduce a full-scale consumer-facing version...

Brazil’s Drex CBDC Pilot Aims to Revolutionize Trade Finance

The Central Bank of Brazil (BCB) has advanced its Drex Central Bank Digital Currency (CBDC) initiative by entering the second phase of its pilot...

RBI and UAE’s Central Bank to collaborate on improving CBDC interoperability

Key Takeaways: The Central Bank of the United Arab Emirates (UAE) and the Reserve Bank of India (RBI) have decided to work together on cross-border...

Hong Kong lawmaker wants CBDC with Defi features

Key Takeaways: In an effort to come up with new ideas for a central bank digital currency, Hong Kong officials are thinking about releasing a...

Norway’s Norges Bank Backs EU’s MiCA as It Explores CBDC Development

Norway’s central bank, Norges Bank, has thrown its weight behind the European Union’s Markets in Crypto-Assets (MiCA) regulation as it evaluates the potential launch...

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