# CBDC Related Articles

HTX News Center provides the latest articles and in-depth analysis on "CBDC", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Trump Hosts Leaders of Major Cryptocurrency Companies at White House Amid US Discussions on Bitcoin Purchases

On August 19, President Donald Trump hosted a meeting at the White House with leaders from major cryptocurrency companies and traditional financial institutions, placing digital asset regulation on his administration's agenda. The gathering included executives from Coinbase, Ripple, Robinhood, Kraken, Nasdaq, Intercontinental Exchange, and Chainlink. Trump criticized the previous Biden administration's regulatory approach for driving innovation overseas and declared an end to the "war on crypto." He highlighted actions like an executive order prohibiting U.S. federal agencies from promoting a central bank digital currency and emphasized the strategic importance of Bitcoin reserves. When asked about the U.S. government purchasing significant amounts of Bitcoin, Trump stated the idea is under consideration, relying on SEC Chairman Paul Atkins and others for a recommendation. Regulators like CFTC Chairman Mike Selig advocated for clear rules to foster trust and investment. SEC Chairman Paul Atkins discussed proposed "Crypto Asset Rules" to facilitate capital raises using digital assets. Industry leaders called for modernizing regulations and tokenization while protecting investors. Coinbase CEO Brian Armstrong urged Senators to pass the "Digital Asset Market Transparency Act" (CLARITY Act), with a key procedural vote scheduled for September 15. The meeting occurred amid ongoing Senate debates and ethical concerns regarding digital asset rules for federal officials.

cryptonews.ru08/20 05:26

Trump Hosts Leaders of Major Cryptocurrency Companies at White House Amid US Discussions on Bitcoin Purchases

cryptonews.ru08/20 05:26

Russia's Banking Bleed and the Crypto Hunt: Citizens Have Withdrawn 24 Billion Euros from Banks This Year; Bill Limiting Total Crypto Purchases Set to Take Effect

**Title: Russia's Banking System Bleeds Cash as Citizens Turn to Crypto, But New Law Imposes Strict Limits** **Summary:** Russia is witnessing a significant outflow of cash from its banking system, with citizens withdrawing approximately €24.4 billion in the first seven months of 2026. This trend accelerated in July, marking the highest monthly increase for the year. Major banks like Gazprombank and Sberbank have reported substantial deposit losses. Simultaneously, cryptocurrency transaction volumes have surged, with an estimated daily trading volume of around $650 million. Officials note that annual crypto transactions exceed 10 trillion rubles, largely occurring outside regulated channels. Citizens are increasingly using crypto as a tool to hedge against currency depreciation and financial uncertainty. In response, President Putin signed the "Digital Currency and Digital Rights Law," with key provisions taking effect on September 1, 2026. This law severely restricts access for ordinary citizens. Non-qualified retail investors will be limited to purchasing only about $3,600 worth of cryptocurrency (initially Bitcoin, Ethereum, and USDT) per year through any single licensed intermediary. Qualified investors and businesses face no such limits for cross-border settlements. Official explanations for the cash exodus cite technical factors like tax changes and digital payment disruptions. However, analysts and media point to deeper public concerns over potential asset freezes, economic instability related to the war, and a lack of trust in the financial system. Notably, September 1 also marks the public launch of the Digital Ruble, Russia's central bank digital currency (CBDC). This creates a dual dynamic: tightening control over decentralized crypto assets while introducing a state-controlled digital currency for payments. For ordinary Russians, traditional banking is losing appeal, crypto access is being capped, and the new Digital Ruble offers a third, fully state-managed pathway.

marsbit08/20 03:07

Russia's Banking Bleed and the Crypto Hunt: Citizens Have Withdrawn 24 Billion Euros from Banks This Year; Bill Limiting Total Crypto Purchases Set to Take Effect

marsbit08/20 03:07

Bank of Russia: 12 Largest Banks to Connect Digital Ruble from September 1, 2026

The Central Bank of Russia (CBR) announced that all 12 of the country's systemically important banks will be ready to offer clients digital ruble accounts and transactions starting September 1, 2026. According to Alla Bakina, director of the CBR's national payment system department, these banks cover over 80% of the domestic payment market. The digital ruble is described as a new form of the existing currency, functioning as a cashless payment method but held directly in a user's wallet on the CBR platform. Nine other banks designated as significant payment market participants are also expected to provide access, with most aiming to complete integration by autumn 2026. Starting from the September launch date, major retail chains with annual revenue exceeding 120 million rubles will be required to accept digital ruble payments, though adoption for citizens remains voluntary. The rollout follows a delayed pilot phase, with mass implementation postponed from 2025. The CBR's model currently offers basic account functionality without interest accrual, unlike China's digital yuan, which began paying interest in early 2026. The announcement positions Russia among dozens of countries testing Central Bank Digital Currencies (CBDCs), though the digital ruble's potential role in cross-border settlements, particularly within BRICS, remains an open question for its future international relevance.

cryptonews.ru08/19 08:15

Bank of Russia: 12 Largest Banks to Connect Digital Ruble from September 1, 2026

cryptonews.ru08/19 08:15

China adds eight banks to digital yuan operator list, bringing total to 30

China's central bank has added eight more banks to the digital yuan ecosystem, bringing the total number of authorized operators to 30. The new participants include Ping An Bank, Hengfeng Bank, and Bank of Shanghai, among others. This expansion aims to broaden public access to the central bank digital currency (CBDC) and meet demand for secure, convenient payments, with plans to add more operators to foster competition. The People's Bank of China (PBOC) has set the stable development of the digital yuan as a key goal in its 2026-2030 reform plan. Transaction volume reached 16.7 trillion yuan (approx. $2.3 trillion USD) by the end of 2025, involving 3.48 billion transactions and about 230 million personal wallets. Despite this scale, dominant mobile payment platforms Alipay and WeChat Pay still control over 90% of China's third-party mobile payment market. Digital yuan usage is often facilitated by government initiatives rather than being a primary consumer choice. Concurrently, China is preparing the digital yuan for cross-border use. The PBOC-controlled CBETS platform for digital yuan cross-border settlements onboarded its first 26 direct participants in June, including Standard Chartered Bank (China) and overseas branches of Chinese banks in countries like Thailand and Singapore.

cryptonews.ru08/17 13:01

China adds eight banks to digital yuan operator list, bringing total to 30

cryptonews.ru08/17 13:01

Bank of England Engages Polygon for Second Phase of Digital Pound Trials

The Bank of England (BoE) has selected a consortium comprising Polygon Labs, NOBO Finance, and Dun & Bradstreet for the next phase of its Digital Pound Lab program. The trials aim to explore how a central bank digital currency (CBDC) and private stablecoins could streamline complex, multi-party cross-border trade settlements, a process currently slow and costly for small and medium-sized enterprises (SMEs). The consortium is working on two interconnected projects. The first focuses on creating a reusable, 'bankable profile' for SMEs to simplify credit applications by consolidating transaction data, open financial market data, and Dun & Bradstreet's commercial records, with smart contracts managed by Polygon. The second project tests using shipping documents as collateral on the blockchain to allow SMEs to receive early invoice payments, with Polygon developing the stablecoin infrastructure. The BoE clarified this is a research sandbox with no real customers or money, and participation does not guarantee a future digital pound launch. Polygon's platform handles the stablecoin payments and conversions. Results from this phase will inform the BoE and UK Treasury's assessment ahead of potential next steps by late 2026.

cryptonews.ru08/12 20:47

Bank of England Engages Polygon for Second Phase of Digital Pound Trials

cryptonews.ru08/12 20:47

BRICS Nations Explore Integration of Central Bank Digital Currencies and Payment Systems, Says RBI Governor

BRICS nations are exploring plans to integrate their central bank digital currencies (CBDCs) and fast payment systems, aiming to reduce the costs of cross-border money transfers within the bloc, stated Reserve Bank of India (RBI) Governor Sanjay Malhotra. He emphasized that cheaper cross-border payments are a shared priority, but noted discussions are at a very early stage, with various options under consideration. Linking the CBDCs of member countries could enable more direct and simplified payments by eliminating intermediary steps. This mechanism would leverage existing domestic channels to expedite international transfers for consumers and businesses, while also expanding the reach of currencies like the Indian rupee. India is actively pushing for the internationalization of the rupee and promoting the use of local currencies in trade. The RBI has reportedly asked the government to include the topic of linking CBDCs on the agenda for the 2026 BRICS summit, which India will host. Separately, Governor Malhotra also urged Indian financial institutions to catalog their AI models and implement board-approved AI governance policies.

cryptonews.ru08/11 21:04

BRICS Nations Explore Integration of Central Bank Digital Currencies and Payment Systems, Says RBI Governor

cryptonews.ru08/11 21:04

People's Bank of China Promises Steady Growth of Digital Yuan in Its 2026-2030 Plan

The People's Bank of China (PBOC) has outlined plans for the "steady development" of the digital yuan (e-CNY) in its reform blueprint for the 2026-2030 period. The plan, which covers monetary policy, supervision, and financial openness, places e-CNY as a core task within the central bank's financial infrastructure goals. These include improving payment systems, aiding the credit industry, and strengthening anti-money laundering rules. Internationally, the PBOC aims to boost the yuan's use in trade and investment, develop cross-border payment networks, and expand offshore yuan markets, while enhancing Shanghai and Hong Kong's financial roles. Development began with research in 2014, leading to a formal launch in April 2022 and pilot programs in various cities. Recent domestic measures include allowing commercial banks to pay interest on e-CNY balances. Cross-border adoption is advancing. Pilot programs in Guangdong plan wider trials. Landmark transactions include a Singapore cross-border payment via the CBETS platform and the multi-central bank mBridge platform, which has expanded to Macao and facilitated large-scale transfers, including a record HKD 10 billion transaction. Corporate use of mBridge saw significant growth in the first half of the year.

cryptonews.ru08/10 20:26

People's Bank of China Promises Steady Growth of Digital Yuan in Its 2026-2030 Plan

cryptonews.ru08/10 20:26

Study Shows Cryptocurrency Usage in Switzerland Twice as High as in Germany

A study by Bearingpoint reveals Switzerland's cryptocurrency adoption rate is double that of Germany, with 28% of Swiss adults using crypto compared to 14% in Germany. The survey of over 4,000 adults also shows Switzerland leads in viewing crypto as a worthwhile investment (37%) and being open to CBDCs (44%). Experts attribute Switzerland's lead to its early regulatory clarity, notably the DLT Act of 2021, which fostered a mature ecosystem like "Crypto Valley," home to 1,749 blockchain firms. While crypto remains most popular among youth, it complements, rather than replaces, traditional finance. Germany, lagging in retail adoption, is now leveraging its massive banking network—serving tens of millions—to integrate crypto services and potentially close the gap. The future will show if Germany's scale can match Switzerland's head start.

cryptonews.ru08/03 09:28

Study Shows Cryptocurrency Usage in Switzerland Twice as High as in Germany

cryptonews.ru08/03 09:28

Bank of Korea Reveals Results of Tokenized Deposit Testing

The Bank of Korea has announced the results of its pilot test for tokenized deposits. Involving 28 central banks and international financial organizations, the project saw participation from major South Korean banks including KB Kookmin Bank, NH NongHyup Bank, Shinhan Bank, Woori Bank, and Hana Bank. Transactions, from payment orders to final settlement, were completed in real time, averaging just 80 seconds. The test involved 30 transactions across 17 different scenarios—such as corporate and interbank transfers—and was conducted in six currencies, including the Korean won, US dollar, and euro, with a total transaction value reaching approximately $995,000. The central bank reported that the platform operated stably throughout, despite being only partially connected to the existing banking infrastructure. Settlements using tokenized deposits were executed seamlessly, quickly, and transparently. An internal transfer of 20 million won (about $13,890) between NH NongHyup Bank and Shinhan Bank was also successfully processed via the Project Agora platform, which involved connecting to the Bank of Korea's CBDC test platform, Project Hangang. Additionally, KB Kookmin Bank and Japan's MUFG Bank tested cross-border payments using these deposit tokens—digital certificates issued by commercial banks within the pilot, not directly by the central bank. The Bank of Korea plans to continue testing payments with tokenized deposits. This follows last year's pledge by South Korean authorities to tighten regulations for won-based stablecoins, which will require approval from both the central bank and the Financial Services Commission.

cryptonews.ru07/31 16:59

Bank of Korea Reveals Results of Tokenized Deposit Testing

cryptonews.ru07/31 16:59

Almost Half of Russians Ready to Use Digital Ruble — TASS

A TASS report reveals significant public interest in the digital ruble (CBDC). Nearly half of Russians are ready to use it, with 18% actively willing and 36% prepared to adopt it once it becomes more widespread. Interest is highest among younger demographics: 62% of those aged 18-24, 45% of those aged 25-44, and 31% of those over 45 are open to it. Awareness is high, with 70% of respondents having some knowledge of the digital ruble. However, only 32% claim a good understanding, while 38% are only vaguely familiar, and 30% know almost nothing. People primarily learn about new financial tools from mass media (32%), banks/financial services (28%), relatives/friends (18%), and social media (11%). The Bank of Russia is pushing adoption with economic incentives starting January 1, 2027, rewarding banks for salary payments in digital rubles. Major banks are required to enable all clients to conduct CBDC transactions from September 1 of this year. The survey was conducted by "Vyberu.ru" and "Eurokredit.ru" with 2,976 participants.

cryptonews.ru07/31 13:01

Almost Half of Russians Ready to Use Digital Ruble — TASS