SWIFT Plans to Launch CBDC Interconnection System in Next Two Years
SWIFT, the community that gives the messaging system for cross-border banking settlements, has introduced plans to launch a CBDC equal of its present community within...
Russian President Putin: Western Financial System Dying, Major Western Banks Will Be Deprived of Their Monopoly
Russian President Vladimir Putin has said that the Western monetary system is “clearly becoming obsolete.” Furthermore, he mentioned options involving blockchain and central financial institution...
A SWIFT Shakeup: Yuan Dethrones Euro as Runner-Up in Trade Finance Markets
The newest report printed by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has revealed that the Chinese yuan overtook the euro because the second...
Russian Banker States SWIFT ‘Needs to Be Killed’
Andrei Kostin, head of the VTB Bank, one of many greatest banks in Russia, has acknowledged that the Society for Worldwide Interbank Financial Telecommunication (SWIFT),...
SWIFT CBDC Interlinking Solution Enters Beta Testing
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a world supplier of economic fee providers, has introduced that its central financial institution digital forex (CBDC)...
Russian Ruble Plunges to 16-Month Low vs the US Dollar — Experts Cite Oil Price Cap
The Russian forex’s change price versus the U.S. greenback not too long ago dropped under RUB100 per dollar — its lowest in 16 months. Economists...
Mbridge Project Has Observers Worried About Advances of the Digital Yuan
The Mbridge venture, a central financial institution digital forex (CBDC) worldwide fee system, is beginning to fear observers. Such a system, when accomplished, may ostensibly...
Eritrean President Isaias Afwerki: ‘We Need a New Financial Architecture Not Controlled by the Dollar or the Euro’
Isaias Afwerki, president of Eritrea, strengthened the necessity for constructing a brand new financial system away from the standard facilities of energy. At the second...
Is Fednow the First Step Towards a Central Bank Digital Currency? Speculations Rise Ahead of Launch
In current days, there was a buzz surrounding the upcoming debut of the U.S. Federal Reserve’s Fednow challenge, slated for July 1, 2023. The discussions...
EU Spokesperson: Russian Banks Will Not Be Reconnected to SWIFT Anytime Soon
The European Union (EU) has no intention of permitting Russian banks to be reconnected to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) banking system...