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Economist Mark Carney is set to automatically become Canada’s next prime minister after winning the Liberal Party leadership race, even though he hasn’t participated in a general election. Justin Trudeau’s Successor Is a Former Central Banker and CBDC Proponent Mark Carney, a former central banker, crypto sceptic, and central bank digital currency (CBDC) advocate, clinched … Read more
ECB President Christine Lagarde said the European Central Bank (ECB) aims to finalize preparations for a digital euro by October 2025, but its launch remains contingent on legislative approval and stakeholder cooperation. EU Digital Euro Preparation Phase Targets October 2025, Launch Uncertain Amid Legislative Delays The ECB is racing to complete the groundwork for a … Read more
Economist Neil Record has criticized the UK’s digital pound initiative, calling it an “ill-fated venture” due to a lack of customer demand. Cash Use Decline British businessman and economist Neil Record has described the United Kingdom’s digital pound initiative as an “ill-fated venture” due to a lack of customer demand. Record argues that the digital … Read more
Russia’s digital ruble rollout is delayed as the central bank refines its economic model, despite a successful pilot with 15 banks, 1,700 citizens, and 30 businesses participating. Bank of Russia Delays Digital Ruble Rollout The Bank of Russia has delayed the full-scale rollout of its central bank digital currency (CBDC), the digital ruble, which was … Read more
In a report detailing the outcome of the first phase of drex, the national CBDC pilot, the Central Bank of Brazil acknowledged that none of the anonymity and privacy solutions tested met the project’s needs. Central Bank of Brazil Still in Search of Privacy Solution for CBDC The pilot of the Brazilian central bank digital … Read more
A proposed bill aims to block a government-controlled digital currency, warning it could grant officials total financial surveillance, erase savings, and force spending—just like China’s digital yuan. No CBDC Act: The Bill That Could End Government-Controlled Digital Money U.S. Senator Mike Lee (R-UT) announced on Feb. 6 that he has reintroduced the No CBDC Act, … Read more
Belarus is preparing to launch its own official cryptocurrency. President Alexander Lukashenko recently disclosed this development to journalists, adding that Belarus has a surplus of electricity. Belarus Preparing to Issue a National Cryptocurrency, President Lukashenko States More countries are preparing to issue cryptocurrencies, as digital assets are gaining traction in international markets. Belarus is currently … Read more
The Russian State Duma is considering using the digital ruble to maintain transparency in public spending and to sidestep sanctions. Deputy Chairman of the State Duma Committee on Economic Policy Artem Kiryanov highlighted the importance of these use cases for Russia’s future. Russian State Duma Acknowledges Digital Ruble Could Be Used to Avoid Sanctions The … Read more
The People’s Bank of China (PBOC) has highlighted the utilization of the digital yuan, China’s central bank digital currency (CBDC), and blockchain technology as part of its 2025 strategy. In a post summarizing the issues touched on as part of the new year’s meeting, the Shanghai headquarters of the PBOC remarked that, as part of … Read more
The president-elect cannot officially nominate anyone until after he is inaugurated on Jan. 20, but the US Senate has been holding hearings to question his potential picks. Go to Source
