Digital currency

Visa has announced the development of a programmable financial platform for Real Digital - a digital currency of the Central Bank of Brazil (CBDC) that is scheduled for launch in 2024.

Zimbabwean authorities have decided to introduce a new digital currency that will be backed by gold. The new central bank digital currency (CBDC) can be used as a means of payment within the country and to maintain its stability.

The introduction of the digital euro is possibly planned for the third quarter of 2023.

The US states are actively embracing digital currencies. Minnesota is one of the latest states to jump on the cryptocurrency bandwagon.

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

One-click payments, virtual cards and digital currencies are steadily becoming commonplace in our society, but are we worried at all about the security of our sensitive information?

Governments are doing everything they can to combat money laundering (ML) and crimes related to cryptocurrencies. The UAE police have planned to use Artificial Intelligence (AI) and Blockchain to track crypto money laundering and prevent other types of crimes related to digital currencies.

On December 14, Ukraine's TASCOMBANK announced the launch of a pilot project to test the functionality of the electronic hryvnia. Although the National Bank (NBU) supports this project, it claims that it is the only institution authorized to issue the CBDC, so the pilot project will not have a significant impact on the development process.

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.