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Tag: CBDC

News about central bank digital currencies (CBDC).

Saudi Arabia is Not in the Hurry to Develop its CBDC

Reading Time: < 1 minute The Central Bank of Saudi Arabia will not rush to create a token.

January 26, 2023January 26, 2023 Tony Pearce News

Turkey’s Central Bank to Complete Trials of National Currency This Year

Reading Time: < 1 minute The Turkish authorities expect to complete the trials of its CBDC by the end of the year.

January 2, 2023January 2, 2023 Chris Smith News

India Intends to Test a Digital Rupee in Four Cities

Reading Time: < 1 minute The press service of the Reserve Bank of India said yesterday that the testing of the digital rupee will take place in four major cities of the country.

November 30, 2022November 30, 2022 Chris Smith News

Member of the Board of the Swiss National Bank: “CBDCs Will Bring Stability to DeFi Sector”

Reading Time: < 1 minute CBDCs can interact with decentralized finance and bring more stability to the sector.

October 3, 2022October 3, 2022 Tony Pearce News

Nigeria’s CBDC Transaction Volume Exceeds $9M

Reading Time: < 1 minute Nigeria’s CBDC has been used to conduct transactions totaling 4 billion Nigerian Naira or $9.3 million

August 21, 2022August 22, 2022 Chris Smith News

ECB: The Success of the Digital Euro Depends on its Degree of Adoption

Reading Time: < 1 minute The digital euro project will be successful only if the instrument is actively used.

July 15, 2022July 15, 2022 Chris Smith News

Central Bank of Chile Insists in Autonomy of the Digital Peso

Reading Time: < 1 minute The central bank of Chile, which is developing the design of the digital peso, has announced the need for autonomous operation of the system.

May 11, 2022 Chris Smith News

Jamaica Will Issue its CBDC This Year

Reading Time: < 1 minute The Jamaican authorities have said that they are planning to issue their digital currency by the end of the year.

February 14, 2022February 14, 2022 Chris Smith News

The European Union Will Consider Bill on Digital Euro in 2023

Reading Time: < 1 minute The European Union (EU) will consider in early 2023 a bill on its central bank digital currency (CBDC).

February 11, 2022February 11, 2022 Tony Pearce News

MIT and Fed Publish Digital Dollar White Paper

Reading Time: < 1 minute The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have published a white paper and open source CBDC as part of the first phase of exploring its potential release.

February 4, 2022February 4, 2022 Tony Pearce News

The Bank of England Will Hold a Public Consultation on the Digital Pound Next Year

Reading Time: < 1 minute The UK Treasury Department and the Bank of England have just announced they intend to hold a public discussion on a digital version of the pound sterling in 2022.

November 11, 2021November 11, 2021 Tony Pearce News

Central Bank of Singapore Initiates Retail CBDC Study Project

Reading Time: < 1 minute The Monetary Authority of Singapore (MAS) has started a project to study the technical aspects of developing a retail CBDC.

November 9, 2021November 9, 2021 Tony Pearce News

4 Central Banks to Test Cross-Border Settlements with CBDCs

Reading Time: < 1 minute The central banks of Australia, Malaysia, Singapore and South Africa will create prototype CBDC cross-border digital currency settlement platforms.

September 2, 2021September 2, 2021 Chris Smith News
Wikimedia

Central Bank of Nigeria Publishes Instructions on the National CBDC Project

Reading Time: < 1 minute The Central Bank of Nigeria (CBN) has recently issued preliminary instructions for the local banks in relation to the country’s CBDC project.

September 1, 2021September 1, 2021 Tony Pearce News

China to Create Global Network for Mobile Payments Based on Digital Yuan

Reading Time: < 1 minute China is exploring the possibility of setting up an international mobile payment clearing and settlement network based on the national digital yuan cryptocurrency.

August 30, 2021August 30, 2021 Tony Pearce News
Fortune Live Media - Flickr

US Federal Reserve: We Need to Win the CBDC Race

Reading Time: < 1 minute Lael Brainard, member of the Board of Governors of the US Federal Reserve System (FRS), has said that the US needs to “urgently” accelerate the development of the digital dollar.

August 2, 2021August 2, 2021 Chris Smith News
china
Tomas Roggero - Flickr

People’s Bank of China Releases Digital Yuan WhitePaper

Reading Time: < 1 minute The People’s Bank of China, the central bank of the country, has just published the whitepaper of the e-CNY, the digital version of the yuan.

July 16, 2021July 16, 2021 Tony Pearce News
uae

UAE to Develop a National Digital Currency

Reading Time: < 1 minute The Central Bank of the United Arab Emirates has just announced it intends to develop its own national digital currency (CBDC).

July 13, 2021July 13, 2021 Tony Pearce News
bank

Central Bank of Singapore, IMF and World Bank Launch Initiative to Address Challenges of Retail CBDCs

Reading Time: < 1 minute The Monetary Authority of Singapore (MAS), the IMF, the OECD, the World Bank and the Asian Development Bank have just launched an initiative aimed at addressing 12 challenges in the design of retail central bank digital currencies (CBDCs).

June 29, 2021June 30, 2021 Chris Smith News
israel

The Bank of Israel Launches Pilot of its Digital Currency

Reading Time: < 1 minute The Bank of Israel, the country’s central bank, has issued a pilot of its central bank digital currency (CBDC).

June 22, 2021June 22, 2021 Chris Smith News
ecb
bobbsled - Flickr

Official From ECB Says Digital Euro Offers Higher Level of Privacy than Private Stablecoins

Reading Time: < 1 minute A potencial digital euro issued by the ECB would offer a higher level of privacy to users than stablecoins issued by private companies.

June 21, 2021June 21, 2021 Chris Smith News
hong kong
Wikimedia

Hong Kong is Interested in Launching a Retail Digital Currency

Reading Time: < 1 minute The Hong Kong Monetary Authority (HKMA) has just announced it is exploring the possibility of issuing a retail central bank digital currency.

June 8, 2021June 8, 2021 Chris Smith News
canada
Wikimedia

Bank of Canada: We Don’t Need a Digital Dollar Now

Reading Time: < 1 minute Canadian central bank Bank of Canada sees no real reason to issue a central bank digital currency (CBDC) at the moment.

May 27, 2021May 27, 2021 Chris Smith News
corea

South Korea is Closer to Start Pilot of Digital Won

Reading Time: < 1 minute The central bank of South Korea is one step closer to launch its own central bank digital currency or CBDC.

May 24, 2021June 16, 2021 Chris Smith News
fed
Wikimedia

The Federal Reserve of the US to Publish Discussion Paper on CBDC

Reading Time: < 1 minute The Federal Reserve of the US has just announced it will release this summer a public discussion paper on the use cases of a CBDC.

May 21, 2021June 16, 2021 Chris Smith News

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