PetroChina Completes First International Crude Oil Trade in Digital Yuan: Report
PetroChina bought 1 million barrels of crude oil settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange.
CBDC
Digital Euro at Least 2 Years Away, ECB’s Lagarde Says
The central banker said she wanted to address “conspiracy theories” about government snooping
U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans
A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets legislation in Congress.
U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off
The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase.
Bank of England Wants Digital Pound Advisers as It Moves to CBDC Design Phase
The Bank of England has also started recruiting for its central bank digital currency engagement forum.
Putin Signs Digital Ruble Law Making a CBDC Possible in Russia
The new law describes a legal framework for a central bank digital token
Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar
The U.S. Federal Reserve denies that its new instant payments service, FedNow, is in any way tied to the digital asset space. But experts say the new system could lay the groundwork for the infrastructure needed for a potential central bank digital currency (CBDC) in the U.S. And so this week’s announcement has led to a fresh airing of warnings about potential privacy and control risks around a digital dollar.
Wholesale CBDC Would Improve Cross-Border Payments, French Central Bank Tests Show
The French Central Bank has determined that its wholesale central bank digital currency (wCBDC) would improve cross-border payments, it announced on Friday.
Fed Dramatically Speeds Up U.S. Payments With ‘FedNow’ Service, but Downplays Any Tie to CBDCs
Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar.
Ron DeSantis Promises to Ban CBDCs if Elected President
DeSantis in March signed a bill as Florida’s governor to prohibit the use of CBDC’s within his state.