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Reserve Bank of India expands digital rupee pilot program

0xMain
May 30, 2023

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The Reserve Bank of India is enhancing its digital rupee pilot, as it intends to broaden participation and incorporate diverse use cases in the upcoming fiscal year. The Reserve Bank of India (RBI) is intensifying its digital rupee pilot, representing a significant step...

Visa and Microsoft join forces for Brazilian CBDC pilot project

0xMain
May 26, 2023

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The Brazilian central bank’s digital currency (CBDC) pilot project is set to attract the participation of both national and global companies. Banco Central do Brazil, the country’s central bank, has announced its plan to onboard participants onto the digital real platform starting in...

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Russia’s digital ruble pilot faces delays

0xMain
May 26, 2023

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The Central Bank of Russia’s (CBR) eagerly anticipated digital ruble pilot is postponed until the end of July, awaiting approval from the State Duma. The latest amendments to the legislation indicate a significant focus on enabling non-residents to access the digital ruble. At...

Hong Kong launches pilot CBDC program

0xMain
May 18, 2023

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On May 18, the Hong Kong Monetary Authority (HKMA) officially initiated the e-HKD Pilot Program, a significant project under its ‘three-rail’ approach. This development is seen as a strategic progression towards a potential introduction of a retail Central Bank Digital Currency (CBDC), or...

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Santa Cruz debuts digital blockchain wallet pilot program

0xMain
April 27, 2023

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Santa Cruz County, California takes a bold step toward modernization by implementing a blockchain-based digital wallet pilot program for government services and official documentation. In a groundbreaking move, Santa Cruz County, located in Northern California, has taken a leap toward digitization by integrating...

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Bank of Japan prepares for digital yen pilot program

0xMain
March 28, 2023

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The Bank of Japan has announced its readiness to explore the issuance of a central bank digital currency (CBDC) through a pilot program launching in April, joining the global race to establish secure digital payment systems. The Bank of Japan has announced its...