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
Kazakhstan completes CBDC testing, ready for phased rollout
Electronic national currency ready to be unveiled between 2023-2025 … [Read more...] about Kazakhstan completes CBDC testing, ready for phased rollout