diff --git a/.github/workflows/CICD.yml b/.github/workflows/CICD.yml
index 215232a87a1..2ab6cd86a7e 100644
--- a/.github/workflows/CICD.yml
+++ b/.github/workflows/CICD.yml
@@ -13,7 +13,7 @@ env:
   PROJECT_NAME: coreutils
   PROJECT_DESC: "Core universal (cross-platform) utilities"
   PROJECT_AUTH: "uutils"
-  RUST_MIN_SRV: "1.47.0" ## MSRV v1.47.0
+  RUST_MIN_SRV: "1.54.0" ## MSRV v1.54.0
   # * style job configuration
   STYLE_FAIL_ON_FAULT: true ## (bool) fail the build if a style job contains a fault (error or warning); may be overridden on a per-job basis
 
diff --git a/Cargo.lock b/Cargo.lock
index db5d22078f3..c3400332c2f 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1,5 +1,7 @@
 # This file is automatically @generated by Cargo.
 # It is not intended for manual editing.
+version = 3
+
 [[package]]
 name = "Inflector"
 version = "0.11.4"
@@ -519,9 +521,9 @@ dependencies = [
 
 [[package]]
 name = "crossbeam-channel"
-version = "0.5.1"
+version = "0.5.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "06ed27e177f16d65f0f0c22a213e17c696ace5dd64b14258b52f9417ccb52db4"
+checksum = "e54ea8bc3fb1ee042f5aace6e3c6e025d3874866da222930f70ce62aceba0bfa"
 dependencies = [
  "cfg-if 1.0.0",
  "crossbeam-utils",
@@ -540,9 +542,9 @@ dependencies = [
 
 [[package]]
 name = "crossbeam-epoch"
-version = "0.9.5"
+version = "0.9.6"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4ec02e091aa634e2c3ada4a392989e7c3116673ef0ac5b72232439094d73b7fd"
+checksum = "97242a70df9b89a65d0b6df3c4bf5b9ce03c5b7309019777fbde37e7537f8762"
 dependencies = [
  "cfg-if 1.0.0",
  "crossbeam-utils",
@@ -553,9 +555,9 @@ dependencies = [
 
 [[package]]
 name = "crossbeam-utils"
-version = "0.8.5"
+version = "0.8.6"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d82cfc11ce7f2c3faef78d8a684447b40d503d9681acebed6cb728d45940c4db"
+checksum = "cfcae03edb34f947e64acdb1c33ec169824e20657e9ecb61cef6c8c74dcb8120"
 dependencies = [
  "cfg-if 1.0.0",
  "lazy_static",
@@ -730,6 +732,15 @@ version = "0.1.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "e88a8acf291dafb59c2d96e8f59828f3838bb1a70398823ade51a84de6a6deed"
 
+[[package]]
+name = "fastrand"
+version = "1.6.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "779d043b6a0b90cc4c0ed7ee380a6504394cee7efd7db050e3774eee387324b2"
+dependencies = [
+ "instant",
+]
+
 [[package]]
 name = "file_diff"
 version = "1.0.0"
@@ -817,9 +828,9 @@ dependencies = [
 
 [[package]]
 name = "getrandom"
-version = "0.2.3"
+version = "0.2.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7fcd999463524c52659517fe2cea98493cfe485d10565e7b0fb07dbba7ad2753"
+checksum = "418d37c8b1d42553c93648be529cb70f920d3baf8ef469b74b9638df426e0b4c"
 dependencies = [
  "cfg-if 1.0.0",
  "libc",
@@ -957,9 +968,9 @@ checksum = "1b03d17f364a3a042d5e5d46b053bbbf82c92c9430c592dd4c064dc6ee997125"
 
 [[package]]
 name = "libloading"
-version = "0.7.2"
+version = "0.7.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "afe203d669ec979b7128619bae5a63b7b42e9203c1b29146079ee05e2f604b52"
+checksum = "efbc0f03f9a775e9f6aed295c6a1ba2253c5757a9e03d55c6caa46a681abcddd"
 dependencies = [
  "cfg-if 1.0.0",
  "winapi 0.3.9",
@@ -1021,9 +1032,9 @@ checksum = "308cc39be01b73d0d18f82a0e7b2a3df85245f84af96fdddc5d202d27e47b86a"
 
 [[package]]
 name = "memmap2"
-version = "0.5.0"
+version = "0.5.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4647a11b578fead29cdbb34d4adef8dd3dc35b876c9c6d5240d83f205abfe96e"
+checksum = "fe3179b85e1fd8b14447cbebadb75e45a1002f541b925f0bfec366d56a81c56d"
 dependencies = [
  "libc",
 ]
@@ -1537,7 +1548,7 @@ version = "0.6.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d34f1408f55294453790c48b2f1ebbb1c5b4b7563eb1f418bcfcfdbb06ebb4e7"
 dependencies = [
- "getrandom 0.2.3",
+ "getrandom 0.2.4",
 ]
 
 [[package]]
@@ -1810,9 +1821,9 @@ dependencies = [
 
 [[package]]
 name = "smallvec"
-version = "1.7.0"
+version = "1.8.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1ecab6c735a6bb4139c0caafd0cc3635748bbb3acf4550e8138122099251f309"
+checksum = "f2dd574626839106c320a323308629dcb1acfc96e32a8cba364ddc61ac23ee83"
 
 [[package]]
 name = "smawk"
@@ -1862,9 +1873,9 @@ dependencies = [
 
 [[package]]
 name = "syn"
-version = "1.0.84"
+version = "1.0.85"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ecb2e6da8ee5eb9a61068762a32fa9619cc591ceb055b3687f4cd4051ec2e06b"
+checksum = "a684ac3dcd8913827e18cd09a68384ee66c1de24157e3c556c9ab16d85695fb7"
 dependencies = [
  "proc-macro2",
  "quote 1.0.14",
@@ -1873,13 +1884,13 @@ dependencies = [
 
 [[package]]
 name = "tempfile"
-version = "3.2.0"
+version = "3.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "dac1c663cfc93810f88aed9b8941d48cabf856a1b111c29a40439018d870eb22"
+checksum = "5cdb1ef4eaeeaddc8fbd371e5017057064af0911902ef36b39801f67cc6d79e4"
 dependencies = [
  "cfg-if 1.0.0",
+ "fastrand",
  "libc",
- "rand 0.8.4",
  "redox_syscall",
  "remove_dir_all",
  "winapi 0.3.9",
diff --git a/README.md b/README.md
index 7e420bb333f..306ca08a786 100644
--- a/README.md
+++ b/README.md
@@ -39,7 +39,7 @@ to compile anywhere, and this is as good a way as any to try and learn it.
 ### Rust Version
 
 uutils follows Rust's release channels and is tested against stable, beta and nightly.
-The current oldest supported version of the Rust compiler is `1.47`.
+The current oldest supported version of the Rust compiler is `1.54`.
 
 On both Windows and Redox, only the nightly version is tested currently.