Central Bank Digital Currency

-

12 August, 2024

Indonesia CBDC trial enters second phase

The Bank of Indonesia conducted the first phase of its wholesale CBDC trial in the first half of 2024, focused...

IMF’s work on CBDCs and digital currencies is straining its budget

-

25 June, 2024

IMF’s work on CBDCs and digital currencies is straining its budget

The IMF has suggested it may reduce its output frequency, provide lighter analysis and give general policy advice, adding that...

CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF

-

25 June, 2024

CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF

IMF says Middle Eastern and Central Asian countries can significantly benefit from CBDCs but urges caution as they come with...

National Australia Bank kills off stablecoin project

-

25 June, 2024

National Australia Bank kills off stablecoin project

NAB started work on the AUDN stablecoin in 2022 and thought clients would use it to settle cross-border transactions, but...

Iran launches retail CBDC pilot on Kish Island ‘free zone’

James Field

-

24 June, 2024

Iran launches retail CBDC pilot on Kish Island ‘free zone’

The CBDC trial will take place on the island of Kish, where the ‘digital rial’ will be available to banking...

South Korea commits $14.5 million to experiment with CBDC, digital vouchers

Wahid Pessarlay

-

23 June, 2024

South Korea commits $14.5 million to experiment with CBDC, digital vouchers

South Korea is doubling down on its blockchain investment, with the latest being a $14.5 million investment to explore CBDC...

BIS: 9 new wholesale CBDCs to be launched by 2029 as retail CBDC interest wanes

-

22 June, 2024

BIS: 9 new wholesale CBDCs to be launched by 2029 as retail CBDC interest wanes

The Bank for International Settlements has slashed its expectation of retail CBDC launches by 2029 to 6 from 11, but...

Ethiopia to establish CBDC framework following new banking reforms approval

Wahid Pessarlay

-

21 June, 2024

Ethiopia to establish CBDC framework following new banking reforms approval

The Banking Business Proclamation and the NBE Proclamation will be presented before the House of Peoples' Representatives for final approval...

More central banks exploring CBDCs as number of pilots increases

-

20 June, 2024

More central banks exploring CBDCs as number of pilots increases

CBDCs offer various benefits for global economies, according to a BIS report, leading banks to explore use cases tied to...

Big Chinese banks announce involvement in mBridge CBDC project

-

18 June, 2024

Big Chinese banks announce involvement in mBridge CBDC project

The BIS announced that its mBrdige had entered the Minimum Viable Product stage and revealed that Saudi Arabia's central bank...

Project Leonidas update: Italian banks complete wholesale CBDC trial

-

16 June, 2024

Project Leonidas update: Italian banks complete wholesale CBDC trial

The Italian Banking Association trialed a wholesale CBDC issuance within a DLT environment, with atomicity, transparency and traceability as the...

HSBC extends digital yuan services for corporate clients, eyes new use cases