Kyrgyzstan's Digital Som: A New Legal Tender as CBDC Pilot Initiative Starts
Kyrgyzstan has announced the launch of a central bank digital currency pilot, formally recognizing the digital som as legal tender.
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Kyrgyzstan has announced the launch of a central bank digital currency pilot, formally recognizing the digital som as legal tender.
President Sadyr Japarov's new law provides legal status to the proposed digital som as Kyrgyzstan explores the implementation of a central bank digital currency.
Customers at 7-Eleven in South Korea can now use the Bank of Korea's digital currency with incentives to promote usage.
The European Central Bank aims to introduce a Central Bank Digital Currency (CBDC) known as the Digital Euro by October 2025 amidst broader financial concerns.
The Bank of Israel has introduced a potential design for a CBDC aimed for both retail and wholesale use, marking an important step in digital currency exploration.
An exploration of how CBDCs are poised to shape the future of digital currencies and their implications for cryptocurrencies like Bitcoin and Ethereum.
Federal Reserve Chair Jerome Powell asserts that there will be no digital dollar or US central bank digital currency during his tenure, even amidst a global shift towards digital alternatives.
A recent survey shows significant delays in Central Bank Digital Currency (CBDC) projects by 30% of central banks, while 67% remain focused on implementation.
At the upcoming BRICS summit, Vladimir Putin warns that a new Central Bank Digital Currency (CBDC) could undermine the US dollar's dominance in global trade.
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