SEC Charges Terraform Labs and CEO; Binance US Moved $400M to Trading Firm Linked to CZ | Cointime Weekly Feb.12 – Feb.18
NFT marketplace Wars: Blur tells users to ban OpenSea, OpenSea drops fee to 0%; SEC to sue crypto Trust Co. Paxos, Paxos will no longer issue BUSD; Bank of Russia to pilot CBDC in April.
Bank of Russia to Pilot CBDC in April
The Bank of Russia's central bank digital currency (CBDC), the digital ruble, is ready for a pilot phase, said bank's deputy governor Olga Skorobogatova on Friday.
Bank of Japan To Launch Its CBDC Pilot in April, Following…
In PoC Phase 1, which started in April 2021, the central bank focused on basic CBDC transactions, such as issuance, payout, and transfer. The PoC Phase 2 started in April 2022, where the bank implemented more complex functions. Moreover, it confirmed that the CBDC system’s processing performance could be maintained.
Nigeria’s CBDC Program Called ‘A Very Dark Experiment’
Referencing the e-Naira, Journalist Nick Corbishley said, “A very dark experiment is underway in Nigeria.”
Bitget Partners With Capitual To Participate in Brazil CBDC Project
Crypto exchange Bitget (BGB) announced its partnership with the fintech company Capitual to participate in Brazil’s Central Bank Digital Currency (CBDC) project.
India’s Retail CBDC Pilot Onboards 50K Users, RBI to Continue With ‘Go Slow’ Approach
India’s retail CBDC pilot, launched on December 1, has onboarded 50,000 users and 5,000 merchants. In the two-month period, 0.77 million e-rupee transactions were carried out, the Reserve Bank of India (RBI) said.
On the Nature of Central Banks (As Firms) and the Emergence of Central Banking
CBDC’s are being blindly resisted by libertarians and bitcoiners alike. I think they don’t understand CBDC’s and I think they and many economists wouldn't believe me if I told them what CBDC’s are.
India in ‘No Hurry’ for CBDC As Digital Rupee Pilot Onboards 50k Users
India’s recently launched CBDC pilot has amassed 50,000 users, and 5,000 merchants since the Reserve Bank of India (RBI) launched the digital rupee pilot last year, local news agency The Economic Times reported on Feb. 8.
Britcoin CBDC Touted As Replacement to Cash by Bank of England
The UK plans to impose a cap of between £10,000 to £20,000 ($12,017 to $24,033) for initial digital wallet holdings as it pushes forward with plans to introduce a Central Bank Digital Currency (CBDC), according to a Bank of England (BOE) official.
India’s CBDC “e-Rupee” To Launch In These Cities Next?
The Reserve Bank of India (RBI) has recently announced the expansion of the Central Bank Digital Currency (CBDC) pilot program–more often referred to as the e-Rupee–to nine new cities. Five additional banks will also participate in the program, bringing the total number of banks involved to eight. The central bank began testing the e-rupee on retail clients in December of 2022.
