The tokenized dollar bUSD, with a market cap of $16 billion, is gradually being phased out after its issuer, Paxos, was ordered to stop minting. “We were informed by Paxos they have been directed to c...
Tag: Phased
Tanzanian Central Bank Adopts ‘Phased and Risk-Based Approach to Adoption of CBDC’ – Africa Bitcoin News
After months of research, the Tanzanian central bank announced recently that it had chosen a more cautious and risk-based approach towards the adoption of its central bank digital currency (CBDC). Dur...
Kazakhstan Plans Phased Rollout of CBDC between 2023-25
The Central Bank of Kazakhstan announced that it will work on deploying its in-house central bank digital currency (CBDC) available as early as 2023 and will expand on the project until the end of 202...
Kazakhstan central bank recommends a phased CBDC rollout between 2023-25
Kazakhstan, the world’s third-largest Bitcoin (BTC) mining hub after the United States and China, found feasibility in launching its in-house central bank digital currency (CBDC), a digital tenge. The...
Reserve Bank of India seeks a ‘phased implementation’ of the digital rupee
On Tuesday, September 20, the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said that the country’s central bank is dedicated to fostering innovation for financial technology businesse...
Russia to Begin Phased Release of Digital Ruble
Russia’s apex bank has revealed that it has started testing its digital ruble project and it will be rolled out with new features starting from 2023. According to a document shared by the apex bank, t...
Reserve Bank of India Is Working on ‘Phased Implementation’ of Central Bank Digital Currency – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), is working on a “phased implementation of a central bank digital currency (CBDC) in both wholesale and retail segments.” Necessary amendments hav...
Central Bank in India to Take Phased Approach to Introduction of CBDC
The Reserve Bank of India will introduce its digital rupee central bank digital currency (CBDC) in a phased manner. The asset will undergo proof of concept and pilot stages before fully launching. The...