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The Central Bank of Venezuela officially announced to launch central bank digital currency (CBDC) in October this year.

Launched in late 2020, Cambodia’s digital money project Bakong reached 200,000 users in June, doubling from three months earlier.

The Central Bank of Venezuela is rolling out a CBDC in October and will launch an SMS-based exchange system to facilitate its use.

Existing and planned payments system upgrades appear sufficient, governor says

Speech (via webcast) by Mr Christopher J Waller, Member of the Board of Governors of the Federal Reserve System, at the American Enterprise Institute, Washington, D.C., 5 August 2021.

Dave Birch breaks down the forces that are pushing central banks towards CBDC

Chris Waller’s comments come after Jerome Powell said that the Federal Reserve would be issuing a discussion paper on CBDCs.

Blockchain data platform Chainalysis published a report Wednesday, indicating China remains one of the largest cryptocurrency markets worldwide and continues to influence crypto activities worldwid

Mastercard is angling to become the go-to for governments and private entities when testing and rolling out central bank digital currencies or stablecoins.

The bill also calls for the U.S. Federal Reserve to be vested with the clear authority to issue a digital dollar.

The IMF is set to play a crucial role in monitoring the advancement of digital currencies.

Ukraine’s newly signed law On Payment Services requires close cooperation between the National Bank of Ukraine and private startups in the payment market.

The fund will greatly expand to cover all aspects of digital currency while also working with related financial institutions.

A recent testimony by Julia Friedlander to Congress has revealed that more countries are exploring CBDCs, however, the US is lagging behind.

Rich Checkan described CBDCs as the spawn of Satan and thinks that Bitcoin is still a speculative asset and not a currency alternative yet.