diff --git a/.github/workflows/rust.yml b/.github/workflows/rust.yml
index dbeebd0f..a9f7a276 100644
--- a/.github/workflows/rust.yml
+++ b/.github/workflows/rust.yml
@@ -27,7 +27,7 @@ jobs:
           cargo update
           cargo update -p regex --precise 1.9.6
           cargo update -p which --precise 4.4.0
-          cargo update -p time@0.3.30 --precise 0.3.20
+          cargo update -p time@0.3.31 --precise 0.3.20
       - name: test payjoin lib
         run: cargo test --package payjoin --verbose --all-features --lib
       - name: test payjoin v1_to_v1 integration
diff --git a/README.md b/README.md
index 3e46666c..a1d65e09 100644
--- a/README.md
+++ b/README.md
@@ -88,7 +88,7 @@ cargo update -p which --precise 4.4.0
 ```shell
 cargo update -p regex --precise 1.9.6
 cargo update -p which --precise 4.4.0
-cargo update -p time@0.3.30 --precise 0.3.20
+cargo update -p time@0.3.31 --precise 0.3.20
 ```
 
 ## License