BITPRISMIA
The digital RUB rollout has made another breakthrough after the Russian government and Central Bank announced the “successful trial” of the CBDC in “budgetary settlements.” Per the Russian newspaper Vedomosti , the Central Bank, the Treasury, and the Ministry of Finance tested the digital ruble in b...
President Trump just signed an executive order to evaluate the creation of a strategic national Bitcoin and crypto stockpile, as well as prevent the adoption of a Central Bank Digital Currency (CBDC) while boosting stablecoin adoption. The order, entitled “Strengthening American Leadership in Digita...
Russia’s largest bank has reportedly joined the country’s digital ruble pilot program ahead of a mid-2025 launch of the central bank digital currency (CBDC). The Russian news agency Interfax reports that Russia’s top financial institution , Sberbank, is now a participant in the program, which conduc...
According to a BIS report, Jamaica, Nigeria, China, Sweden, the Bahamas, and Peru have CBDC programs in various stages of development.
If Senator Ted Cruz of Texas gets his way, he wants the state to be the “oasis of Bitcoin.” For Cruz, the primary hurdle to full Bitcoin adoption is the federal government itself, particularly its left-leaning policies. Related Reading: Ripple CEO Reacts To Trump’s Billionaire Treasury Secretary Nom...
The Texas state-issued digital currency is projected to encourage skeptical investors to eventually try out Bitcoin one day.
The proposed amendments would allow for sweeping changes to the country’s financial sector.
Russian banks, particularly smaller ones, are unhappy about the high cost (between $1.25 million and $2 million) of integrating with the central bank’s digital ruble platform. This cost is seen as prohibitive for many banks, exceeding their IT budgets. The central bank has mandated different deadlin...
The question of why banks would opt to use XRP instead of creating their own Central Bank Digital Currencies (CBDCs) is frequently posed, as many in the crypto community believe banks would prefer to own their CBDCs. CryptoTank (@Tank2033js), a crypto researcher and investor, has weighed in on this ...
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.