Tag: project

Central Bank Of Turkey Expands Research, Prepares To Test Digital Lira On New Platform

The Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will…

Ukraine’s Digital Ministry Plans To Pay Employees With Digital Hryvnia In Pilot Project

Employees of Ukraine’s Ministry of Digital Transformation may become the first in the country to get their salaries in digital currency. The National Bank of Ukraine is developing an electronic…

Future Of Digital Euro ‘Not Clear Yet,’ Former Eurogroup Official Says

Europe’s digital currency project has made some progress recently, with the Eurozone’s central bank moving to its next stage. Critics point, however, to the continuing lack of clarity around the…

Russian Crypto Industry Scrambles To Attract Miners As Kazakhstan Overtakes Russia In Mining Volume

An industry association representing the Russian crypto sector has launched a project to entice bitcoin miners. Despite its abundant sources of cheap energy, Russia is now lagging behind Kazakhstan, another…

Digital Euro Project Gets Going As ECB Launches Investigation Phase

After months of deliberation, the European Central Bank has decided to proceed with a digital euro project. Officials insist the new version of Europe’s common currency should “ensure privacy” and…

Swiss, French Central Banks To Trial Wholesale CBDC Settlements With BIS And Private Sector

The central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border transactions. The experiment will be…

Kalashnikov Eyes Digital Ruble Settlements As Russia Aims To Replace ‘Dirty Money’

Kalashnikov Group, the Russian firearms manufacturer, is ready to transition to settlements in digital currency. The announcement came from the international economic forum in Saint Petersburg where the central bank…

Chinese Firm Bit Mining Invests $9M To Build 100 Megawatt Bitcoin Farm In Kazakhstan

Shenzhen-based Bit Mining is planning to construct and operate a 100 MW crypto-mining data center in Kazakhstan. The project will be implemented in partnership with two local companies that will…