Digital ruble will take 5-7 years to achieve mass adoption: Bank of Russia
Governor Elvira Nabiullina says that the digital ruble needs to be the most convenient payment method for individuals and businesses before it gains mass usage.
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IMF urges Nigeria to regulate digital asset exchanges
The International Monetary Fund has recommended that Nigeria impose registration or licensing requirements on global digital asset trading platforms, following its 2024 Article IV consultation with Nigeria.
US digital asset market structure bill stands ‘no chance’ this Congress: investment bank
The FIT21 Act, which is up for a vote in the United States Congress, has "no chance" of becoming law this year, according to a Monday note by investment bank TD Cowen.
P2P digital currency ban looming in Nigeria as central bank halts fintech account opening
Four leading fintech apps were directed to halt onboarding recently, and with the National Security Agency classifying digital currency as a national security issue, a ban is imminent.
India eyes extension of CBDC pilots to money market instruments, securities tokenization
Apart from piloting India's CBDC in commercial papers and certificates of deposits, the Reserve Bank of India is also looking to make e-rupee transferable offline, bringing it to par with cash.
CBDC eliminates barriers of the siloed financial system: Swiss National Bank
At a recent BIS event in Basel, Chairman Thomas Jordan discussed Project Helvetia III, including its benefits and some alternative approaches SNB considered.
Tokyo to promote digital securities on blockchain and subsidize setup costs
The Tokyo Metropolitan Government has updated its subsidy program for businesses issuing securities using blockchain, aiming to show how the technology allows issuers and investors to connect directly.
Middle Eastern central banks eye CBDC for cross-border payments
At a recent World Economic Forum event, central bankers from Bahrain and Saudi Arabia discussed CBDC opportunities, from cross-border payments to interest rate moderation.
Bundesbank president: Digital euro ‘won’t be introduced anytime soon’
German central banker Dr. Joachim Nagel says the digital euro won't likely be live before 2028-2029 as Europe continues to iron out roadblocks that prevent the CBDC from being fully established.
South Africa’s digital payments roadmap includes CBDC, stablecoins
South Africa is marching toward Vision 2025 payments digitalization, with the central bank identifying stablecoins and a retail CBDC as some of the pillars.
Mauritania commissions Germany’s G+D to design CBDC
The prospective CBDC, called the digital ouguiya, will “advance the digital transformation” and boost financial inclusion in Mauritania, the central bank says.
BRICS countries consider blockchain-based stablecoin settlements
The U.S. dollar could face an enormous challenge as the BRICS alliance eyes the use of stablecoins for settlements in the wake of increasing sanctions against Russia and growing rivalry with China.