The U.S. House of Representatives has incorporated an “Anti-CBDC Surveillance Act” into the National Defense Authorization Act (NDAA), effectively preventing the Federal Reserve from issuing Central Bank Digital […]
Russia’s CBDC Could Generate $3 Billion Annually, But Banks May Bear the Cost
A new estimate predicts Russia’s digital ruble could generate up to $3 billion annually within the first five years of its implementation. This comes despite initial losses for […]
Japan’s Soramitsu Joins Pakistani Effort to Launch CBDC Pilot
Pakistan is set to launch a pilot program for its own digital currency in collaboration with Japan’s Soramitsu before the year’s end. The initiative aims to modernize payment […]
Vietnam Launches Pilot Digital Asset Exchange in International Financial Hub
Vietnam’s government has taken the next step towards establishing a dedicated market for digital assets. The country plans to launch a pilot exchange within its international financial center, […]
The Perils of Central Bank Digital Currencies (CBDCs)
Central Bank Digital Currencies (CBDCs) are being touted as the future of money, offering a secure, efficient, and inclusive alternative to traditional cash. Governments and central banks envision […]
Brazil Moves Forward with Drex Pilot Phase, Focusing on Credit Quality
The Brazilian Central Bank has taken a significant step forward in its Drex digital currency pilot program by advancing to the third phase. This critical stage prioritizes enhancing […]
South Korea Prepares Regulatory Framework for Stablecoins
South Korea’s central bank, the Bank of Korea (BOK), is working with relevant authorities to create a regulatory framework for stablecoins. This move seeks to ensure the stability […]
Japan Eyes Digital Yuan Transition as Cash Use Declines
For decades, cash has been considered king in Japan. However, a growing shift towards digital payments is forcing the nation to re-evaluate its approach to financial transactions. The […]
Japan Accelerates Towards Cashless Future Amid Digital Currency Advancements
Japan is making rapid strides towards a cashless society, driven by the expansion of digital currency technology. According to recent data from PANews, the proportion of cashless transactions […]
Chainlink Facilitates Secure Cross-Border Settlements with Hong Kong and Australia’s CBDCs
Chainlink is playing a key role in facilitating cross-border settlements between Hong Kong’s e-HKD (central bank digital currency) and an Australian dollar stablecoin. This initiative, part of the […]
Chainlink Powers Cross-Border CBDC Settlements for Hong Kong & Australia Pilot
Chainlink is playing a vital role in the cross-border implementation of central bank digital currencies (CBDCs) by supporting a pilot program between Hong Kong and Australia. The project […]
Why Hong Kong Chose Chainlink for its CBDC Pilot
Hong Kong has embarked on a groundbreaking initiative, selecting Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to pilot its central bank digital currency (CBDC). This selection highlights the global financial […]
Chainlink’s CBDC Pilot Demonstrates Smooth Cross-Border Currency Exchange
The digital currency landscape is witnessing a significant advancement as Chainlink, a leading blockchain technology provider, recently concluded a pilot program exploring secure cross-border currency exchange between different […]
Chainlink Facilitates Cross-Border CBDC-Stablecoin Exchange
Chainlink plays a crucial role in enabling the seamless exchange of Hong Kong’s central bank digital currency (CBDC), e-HKD, with an Australian dollar stablecoin. This development marks Phase […]
Hong Kong Launches Cross-Chain CBDC Trial Project Using Chainlink’s CCIP
The Hong Kong government has initiated a pilot project using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to test cross-border transactions between permissioned and permissionless blockchains, as well as the […]