China has inaugurated a digital yuan (e‑CNY) operations centre in Shanghai, a move aimed at accelerating the integration of its central bank digital currency (CBDC) into cross‑border and domestic payment networks, according to reports. … [Read more...] about China launches digital yuan operations centre as global ambitions intensify
Israel advances digital shekel initiative with new innovation challenge
Israel's Central Bank has launched the "Digital Shekel Challenge," accelerating its exploration into central bank digital currency (CBDC) solutions. This initiative aims to foster innovative real-time payment applications by leveraging the capabilities of the digital shekel. … [Read more...] about Israel advances digital shekel initiative with new innovation challenge
The illusion of open-source CBDCs: A false sense of security against government surveillance
The rapid evolution of central bank digital currencies (CBDCs) has ignited a global conversation about financial privacy and government surveillance. Proponents of open-source CBDCs argue that this model can offer transparency and security benefits by allowing public scrutiny of the code. However, the premise that open-source CBDCs would inherently protect users from … [Read more...] about The illusion of open-source CBDCs: A false sense of security against government surveillance
Trump’s stance against a digital dollar
In a recent declaration to New Hampshire voters, former President Donald Trump voiced his opposition to the creation of a Federal Reserve digital dollar. This statement aligns with his consistent skepticism towards digital currencies, highlighting a significant divergence in the political discourse surrounding the future of digital finance in the United States. … [Read more...] about Trump’s stance against a digital dollar
Thailand to launch digital baht for retail use
Reduced transaction costs and efficiency expected to come during the pilot test … [Read more...] about Thailand to launch digital baht for retail use
Thailand opposition party promises a crypto handout in case of election victory
A prime ministerial candidate of the Pheu Thai Party announced the 10,000-baht (~$300) giveaway policy … [Read more...] about Thailand opposition party promises a crypto handout in case of election victory
UAE Central Bank launches digital dirham strategy
The first stage involves a soft launch of blockchain-bridge for testing international payments and developing solutions for digital currency settlements with India … [Read more...] about UAE Central Bank launches digital dirham strategy
UAE plans to digitally transform its financial sector
Emirati authorities want to achieve a “cashless society” … [Read more...] about UAE plans to digitally transform its financial sector