
Bank of Korea Suspends Next Phase of Its CBDC Project
The Bank of Korea (BOK) has suspended its Central Bank Digital Currency (CBDC) project, with all involved entities already informed of the new development.
The Bank of Korea (BOK) has suspended its Central Bank Digital Currency (CBDC) project, with all involved entities already informed of the new development.
South Korea is progressing with its CBDC trial. Major firms like 7-Eleven are set to join the trial, and retail participation is the focus.
The ECB’s move is partly driven by concerns over the growing adoption of US dollar-backed stablecoins, which could increase American influence in the global financial system.
Fed Chair Powell ruled out a US CBDC under his tenure, backing the Trump administration’s push for stablecoins over digital fiat.
India’s central bank takes a significant step in digital currency adoption by collaborating with Cred to bring the e-Rupee CBDC to retail consumers.
With Trump’s backing for stablecoins, ECB insiders are pushing for a CBDC alternative to match the competition.
In a significant move, Trump established a new cryptocurrency working group without the Federal Reserve and FDIC, sparking industry discussions about regulatory approach and financial innovation.
President Trump may issue an executive order banning CBDCs as other governments around the world are rushing to launch their digital currencies.
Emmer is a pro-crypto Congressman who now joins Bryan Steil as part of the subcommittee’s leadership to oversee crypto regulation in the US.
The Bank has actively engaged stakeholders through multiple forums to gather insights shaping the design phase of the Central Bank Digital Currency (CBDC).
Societe General and Banque de France have conducted the first repo purchase agreement on the Ethereum blockchain.
On his final day as RBI Governor, Shaktikanta Das expressed optimism about the Digital Rupee CBDC’s potential to drive India’s economy forward.
Most New Zealanders oppose the CBDC use, citing privacy concerns and government control.
Cambodia has intensified its crackdown on unlicensed cryptocurrency activities by blocking major platforms like Binance.
The ECB emphasizes urgency for a digital euro, addressing reliance on foreign systems, legal delays, and balancing financial stability.