Gate News message, April 24 — India's central bank is piloting digital rupee (e-rupee) payments across approximately 10 initiatives to distribute roughly $80 billion in welfare subsidies, aiming to reduce leakage and corruption while identifying practical use cases for its CBDC. In Maharashtra,

Abstract: Trump's Fed chair nominee Kevin Warsh argues digital assets are already part of U.S. finance, rejects a central bank digital currency, and favors market-led crypto innovation. He disclosed more than $100 million in crypto holdings, inviting questions about independence. Summary: Warsh, Trump's Fed nominee, says digital assets are integral to U.S. finance, rejects a CBDC, and favors market-driven crypto innovation; he disclosed more than $100 million in crypto holdings, raising independence concerns.

Gate News message, April 21 — South Korea's newly appointed central bank governor Shin Hyun-song pledged to advance the development of a central bank digital currency (CBDC) and deposit tokens in his inaugural address on April 21. He outlined plans to expand these initiatives through the second

South Korea's central bank Governor Shin Hyun-song aims to promote CBDCs and deposit tokens through Project Hangang Phase 2, emphasizing digital payment innovation and financial stability while signaling a softening stance on stablecoins.

Shin Hyun-song, nominee for Bank of Korea governor, acknowledged the coexistence of CBDCs and stablecoins at a confirmation hearing. He proposed a three-pronged approach for the won's internationalization and pledged to divest foreign assets to prevent conflicts of interest.

A Bank of Korea central bank governor candidate, Shin Hyun Song, said that a central bank digital currency (CBDC) and deposit tokens issued by commercial banks should be the core of the digital currency ecosystem. He supports a Korean won stablecoin, but emphasized that maintaining monetary trust comes first. He suggested issuing stablecoins through a bank-led consortium, which could later be expanded to non-bank institutions, while also carefully assessing the stablecoin’s regulatory compliance.

The Russian central bank has launched a digital ruble to ease economic troubles, but public acceptance is low, with 51% of people unwilling to try it. The central bank plans to require businesses to provide CBDC services, aiming to improve fiscal transparency and crack down on corruption. Although the digital ruble has potential in cross-border trade, its appeal for everyday consumption still isn’t enough. Successful rollout depends on public and business acceptance.

BlockBeats News, March 27 — According to CoinDesk, Federal Reserve legal official Brett Guynn stated that there are currently no ongoing plans to develop a central bank digital currency (CBDC).

Gate News reports that on March 27, Federal Reserve legal officer Brett Guynn stated that there are currently no ongoing plans to develop a central bank digital currency (CBDC).

The Bank of Korea is recruiting 10 new employees, with some positions requiring 5 years of experience in the cryptocurrency industry, to research the impact of digital assets. This recruitment is synchronized with the restart of the CBDC plan, with a goal of distributing 25% of government subsidies in digital won before 2030, and lifting the ban on cryptocurrencies.