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World’s Largest Regional Organization to Switch to Settlements in National Currencies

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A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a…

BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model

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The Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central bank digital currency (CBDC) in cross-border payments. The experiment was designed to test “a…

Venemaa IT-ettevõtete lobby tarkvaraekspordi krüptomaksete jaoks

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Välisklientidele tarkvaralahendusi arendavad ettevõtted ärgitavad Venemaa ametivõime lubama neil krüptomakseid vastu võtta. Ettepanek on osa meetmete paketist, mille eesmärk on toetada IT eksporti, mille tööstusorganisatsioon on täitevvõimule soovitanud.…

Ripple, et osaleda Digital Dollar Projecti CBDC liivakastiprogrammis

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The non-profit organization promoting the creation of the digital dollar, the Digital Dollar Project, has announced the launch of a sandbox program to kickstart the probe of the technical implementations of the envisaged digital currency. The fintech firm Ripple is among…