diff --git a/Cargo.lock b/Cargo.lock
index a3fe87ee84..c9b434cb33 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3601,7 +3601,7 @@ dependencies = [
  "solana-logger 1.8.0",
  "solana-sdk",
  "solana_rbpf",
- "time 0.2.25",
+ "time 0.3.0",
 ]
 
 [[package]]
@@ -6331,6 +6331,15 @@ dependencies = [
  "winapi 0.3.8",
 ]
 
+[[package]]
+name = "time"
+version = "0.3.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6cf2535c6456e772ad756a0854ec907ede55d73d0b5a34855d808cb2d2f0942e"
+dependencies = [
+ "libc",
+]
+
 [[package]]
 name = "time-macros"
 version = "0.1.0"
diff --git a/rbpf-cli/Cargo.toml b/rbpf-cli/Cargo.toml
index b6f8748b50..aefa7d5fc8 100644
--- a/rbpf-cli/Cargo.toml
+++ b/rbpf-cli/Cargo.toml
@@ -16,4 +16,4 @@ solana-bpf-loader-program = { path = "../programs/bpf_loader", version = "=1.8.0
 solana-logger = { path = "../logger", version = "=1.8.0" }
 solana-sdk = { path = "../sdk", version = "=1.8.0" }
 solana_rbpf = "=0.2.13"
-time = "0.2.25"
+time = "0.3.0"