CBDC Archives - BTC USA

30% of Russian Banks Hesitant to Support CBDC Adoption: Survey

March 14, 2025 Dan K

Russian banks struggle to adopt the digital ruble due to outdated infrastructure, cybersecurity risks, and costs. Smaller banks and public skepticism add to challenges.

European MP Sarah Knafo speaking against the digital euro and supporting Bitcoin reserves.

European MP Rejects CBDC, Advocates for Strategic Bitcoin Reserve

December 17, 2024 Dan K

European MP Sarah Knafo rejects the digital euro, calling it a “totalitarian temptation,” and advocates for a Bitcoin reserve to safeguard financial freedom.

Societe Generale and Banque de France explore blockchain for CBDC repo transaction on Ethereum.

Societe Generale and Banque de France Complete First CBDC Repo Transaction

December 14, 2024 Dan K

Societe Generale completes a CBDC repo transaction with Banque de France on Ethereum, testing blockchain for interbank liquidity and securities settlement.

Kyrgyzstan's Parliament discussing the Digital Som CBDC legislation

Kyrgyzstan Passes Law Defining Digital Som CBDC Framework

December 11, 2024 Dan K

Kyrgyzstan approves a law for the digital som CBDC, setting legal tender status. Prototype testing begins in 2025, with full launch by 2027.

FDIC headquarters signaling policy change on crypto banking activities

Brazil’s Central Bank Launches Phase 2 of CBDC Pilot with Chainlink and Microsoft

November 19, 2024 Dan K

Brazil’s Central Bank Launches Phase 2 of CBDC Pilot The Central Bank of Brazil, or BCB, has launched the second phase of its central bank digital currency, or CBDC, project dubbed DREX. Announced on Nov.

Mark Zuckerberg partners with Scale AI’s Alexandr Wang for Meta’s Superintelligence initiative

Trudeau’s Rival Pierre Poilievre Pushes to Ban Central Bank Digital Currency in Canada

August 12, 2024 Dan K

Pierre Poilievre vows to ban a central bank digital currency in Canada, advocating for the protection of cash and resisting government digitization.

Representatives of China and Kazakhstan central banks discussing CBDC research partnership

China, Kazakhstan Central Banks Forge CBDC Research Partnership

July 13, 2024 Dan K

China and Kazakhstan’s central banks partner on CBDC research to boost expertise, knowledge sharing, and cross-border transaction efficiency.

Exterior of Taiwan Central Bank building in Taipei.

Taiwan Central Bank Says No Rush for CBDC Launch

July 7, 2024 Dan K

Taiwan Central Bank emphasizes a cautious approach to CBDC development, focusing on payment efficiency and tokenization technology, without rushing the launch.

CBDC Representatives from Banque de France and Hong Kong Monetary Authority signing Memorandum of Understanding

Banque de France Joins Forces with Hong Kong Monetary Authority to Advance CBDC and Tokenization

June 29, 2024 Dan K

Banque de France and HKMA collaborate on CBDC and tokenization, enhancing cross-border transaction efficiency and studying asset tokenization.

Graph showing the results of the 2023 BIS survey on CBDC

Central Banks Less Likely to Issue Retail CBDCs in Mid-Term, BIS Says

June 14, 2024 Dan K

The 2023 BIS survey shows only 12% of central banks plan to issue retail CBDCs in the mid-term, with more interest in wholesale CBDCs for cross-border payments.