BIS General Manager Agustin Carstens Advocates CBDCs as Central to Innovation
In his role as General Manager of the Bank for International Settlements (BIS), Agustin Carstens placed a significant amount of emphasis on the fundamental significance...
Georgia National Bank Partners with Ripple for CBDC Issuance
Ripple has been working with various Central Banks and other financial enterprises to offer CBDC processing services. On this account, Ripple has recently signed a...
Turkey Plans to Introduce Cryptocurrency Legislative Guidelines in 2024
At present, the position for cryptocurrency entities operating in Turkey is less than favorable amidst economic constraints. Last year, the country saw the catastrophic demise...
Citi Rolls Out Token Service for Institutional Clients
Citigroup has introduced a unique type of financial service for its commercial clients. The firm has introduced tokenized deposits to enable instant transfers and transactions....
Rep. Tom Emmer Reintroduces Privacy Bill to Stop Issuance of CBDC
Representative Tom Emmer recently brought up some concerns about the revocation of financial privacy from the Biden administration. He was referring to the introduction of...
17% Russians Willing to Store an Excess of $200 in Central Bank Digital Currency (CBDC)
The most prevalent deterrents mentioned entail inadequate data concerning the technology (22%) and concerns regarding system failures and cybertheft (21%). A recent survey by the...
Ripple Joins Mastercard’s CBDC Partner Program
Mastercard is currently working on a CBDC project. On this account, the digital payment company is working in tandem with Ripple Labs and other third...
Russian Banking Giant to Start CBDC Testing This Month
The Bank of Russia (BoR) has announced the start of CBDC trails starting 15th August. The bank has created a network of 13 banks under...
Central Bank of Brazil Unveils Name and Logo of CBDC
Brazil joined a select few countries whose central bank digital currency (CBDC) project entered an advanced phase. The country unveiled the CBDC name as DREX...
Ripple Optimistic Blockchain Potential to Save Financial Entities $10B by 2030
A recent report reveals that by 2030, Blockchain will be capable of saving financial institutions an estimated $10 billion in cross-border payments. Ripple Global Survey...