Tag: CBDC
News about central bank digital currencies (CBDC).
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
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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).
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).
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).
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.
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.
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.
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.
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.
