Central Bank Digital Currency

U.S. financial giants, including Citibank and JPMorgan, are collaborating to leverage distributed ledger technology to explore the centralized settlement of multiple assets on a single platform.

RBI advances digital rupee, aims for offline accessibility akin to cash transactions. Emphasizes stability over volatile cryptocurrencies. Pilot projects engage users, shaping future adoption.

Russian lawmakers have revived plans to prohibit the circulation of cryptocurrencies nationwide, paving the way for the digital ruble.

Chile edges towards a CBDC, backed by positive public opinion and initiating PoC tests to explore digital peso potential.

New Zealand's central bank consults public on potential digital currency, exploring design options and economic impact.

The Swiss National Bank rejects the idea of a public digital currency due to potential risks, preferring to focus on wholesale CBDCs. Despite reservations, it's advancing in payment technology. However, it acknowledges challenges ahead and remains cautious yet progressive.

Former President Donald Trump's opposition to CBDCs sparks debate in the US election campaign, as Republican senators propose bills to ban their introduction. The global discussion on CBDCs highlights concerns over privacy and government control, urging informed dialogue and collaboration for a balanced approach to digital finance.

GOP Senators, led by Ted Cruz, oppose Biden's CBDC plan to protect Americans' financial privacy, unveiling the CBDC Anti-Surveillance State Act amid bipartisan concerns over government intrusion. The bill aims to restrict the Federal Reserve's authority in issuing CBDCs without congressional approval, reflecting a bipartisan effort to safeguard individual freedoms in the digital age.

Belarus' Central Bank plans a 2026 CBDC launch to decentralize trade, dodge sanctions, and enhance cross-border payments with blockchain technology.

India's RBI cautiously progresses on its digital rupee, balancing innovation with privacy and regulatory prudence, while showing openness to cryptocurrency taxation adjustments and startup collaborations in CBDC development.