Central Bank

The governments of Brazil and Argentina will discuss the introduction of a common currency between the two countries.

The Bank of Spain has announced that it has begun testing the EURO backed stablecoin, called EURM. The new digital euro is based on the Ethereum and Polygon blockchain network.

The Central Bank of Uganda (BoU) has warned citizens against using Bitcoin and other forms of cryptocurrencies for business.

The Bank of Russia is continuing to test the Digital Ruble payment system and plans to involve more banks into the program in 2023.

The Russian Central Bank is developing a new set of rules that would require credit organizations and payment service providers to report details of all monetary transactions. This will put pressure on cryptocurrency holders in the country.

The Russian cryptocurrency mining industry is flourishing, causing demand for equipment to skyrocket. According to local news agencies, it has increased 14 times in 2021 compared to previous years.

Interest in CBDC is growing all over the world. While many countries, most notably China, are actively working on developing their digital coins, some other countries are just preparing to jump on the bandwagon. Recently, Georgia has decided to join the CBDC race.

The wave of central bank digital currency (CBDC) is gaining traction around the world and the Ukrainian government plans to pay its employees with digital hryvnia.

China's Central Bank Digital Currency (CBDC) digital yuan, or e-CNY, has won a certain victory after completing tests in major Chinese cities. But the next war is now being fought between digital payment giants WeChat and Alipay.