The Bank of Russia is now conducting a test for the digital ruble with 12 different banks, revealing intentions to begin consumer pilots in April 2023 rather than in 2024 as initially planned.  The central bank digital currency (CBDC) may become fully operational in 2023; however, according to the central bank, it is more probable…

The European Union (EU) will take major strides in regulating the crypto industry when it finalizes two major crypto-focused regulations by the end of the month. Crypto venture advisor Patrick Hansen said the regulations will have “huge implications for the crypto market in the EU and beyond.” The regulations in question are Markets in Crypto-Assets (MiCA) and…

Global professional services provider Deloitte has announced a strategic alliance with Bitcoin company NYDIG to help businesses implement digital asset capabilities.  According to Deloitte’s press release, “NYDIG will work with Deloitte’s blockchain and digital assets practice across multiple areas involving bitcoin products, such as banking, consumer loyalty and rewards programs, employee benefits and more.” This strategic…

The government in Tehran is taking steps in preparation of the launch of Iran’s new digital currency, referred to as the crypto rial. The monetary authority of the Islamic Republic hopes to initiate the pilot phase of the project within the next two months. Crypto Rial to Be Different From Cryptocurrencies, Central Bank Says Iranian…

Women have always been underrepresented in the financial field.  There are many phrases that women will hear throughout their lifetime, however, one of the most common is the idea to grow up and ‘marry a rich husband’. It pushes the idea that women should not pursue financial independence, and that men should be the ones dealing in and…

The governor of the Central Bank of Nigeria (CBN) has insisted the recently introduced e-naira digital currency can potentially boost trade and investment activities in the country. He added the digital currency “would be necessary in the future to ensure Nigeria is competitive as the world becomes increasingly digital.” CBDC Gateway to Digital Economy The…

With BTC recently trading at the $20,000 range for the first time since 2020, small-time investors found a small window of opportunity to achieve their dream of owning at least 1 Bitcoin. Ever since early Bitcoin (BTC) investors woke up millionaires as the ecosystem gained tremendous popularity alongside the mainstreaming of the internet, investors across…

The digital payments revolution that began during the pandemic is driving Latin American interest and use, as 51% of consumers in the region have made a transaction with crypto, a Mastercard survey shows. Additionally, more than a third said they’ve made a purchase with stablecoin, according to Mastercard’s New Payments Index 2022, a survey conducted between March…

British Parliament Member Matt Hancock has called for “liberal” cryptocurrency regulation, noting that no country can stop the crypto revolution. “I hate the patronizing idea of regulators telling people what they can and can’t do with their money,” the lawmaker stressed. British MP Wants ‘Liberal’ Crypto Regulation Matt Hancock, a Conservative member of parliament and…

The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of 2023. Trials with real transactions and users are scheduled to begin next April, earlier than originally planned….