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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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.
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.
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.
PSAC outlines bold digital transformation strategies for President Marcos
PSAC presented a strategic proposal to President Ferdinand Marcos Jr. that aims to enhance internet connectivity in the Philippines and create one million digital jobs.
IRS bares new digital asset reporting form for US taxpayers
Under the IRS' latest tax rule, anyone considered a digital asset broker must prepare Form 1099-DA for customers who sell or exchange digital assets to ensure all gains and losses are being reported.
UK lawmakers call for government to invest in digital skills
Member of Parliament Lisa Cameron chaired the debate and started proceedings by arguing that the U.K. needs to "level up" if it wants to be a superpower across emerging digital technologies.
Digital shekel will compete with banks for deposits, payments: Bank of Israel
A digital shekel will force commercial lenders to up their game and offer better and cheaper services, according to the deputy governor of the Bank of Israel.
South Africa issues digital currency licenses to Luno, VALR
The Financial Sector Conduct Authority announced in 2023 that all VASPs had to obtain a license or shut down by the end of the year.