Central Bank Digital Currency

Project Ensemble to boost Hong Kong tokenization efforts

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5 September, 2024

Project Ensemble to boost Hong Kong tokenization efforts

Hong Kong’s Monetary Authority has partnered with HSBC and StanChart banks, which will provide tokenized deposits, with Microsoft and BlackRock...

India’s CBDC has 5M users, RBI in ‘no rush’ to launch it

Business

Steve Kaaru

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28 August, 2024

India’s CBDC has 5M users, RBI in ‘no rush’ to launch it

India’s central bank revealed that 16 local banks are participating in the pilot but says it’s still finetuning features such...

Cambodia’s Bakong app boosts tourism by enabling payments for 3.3M locations

Business

Wahid Pessarlay

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24 August, 2024

Cambodia’s Bakong app boosts tourism by enabling payments for 3.3M locations

The National Bank of Cambodia confirmed a commitment to setting up QR locations nationwide to streamline payments using the Bakong...

Ghana issues draft digital asset guidelines

Business

Steve Kaaru

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23 August, 2024

Ghana issues draft digital asset guidelines

The new guidelines require VASPs to obtain licenses from the SEC, abide by AML rules and report crimes while entitling...

Jamaica’s largest bank casts doubt on CBDC

Business

Steve Kaaru

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23 August, 2024

Jamaica’s largest bank casts doubt on CBDC

The National Commercial Bank, the only Jamaican bank that currently offers a CBDC wallet, says that while its digital banking...

Tokenized deposits gaining traction in India, central bank says

Business

Pradipta Mukherjee

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21 August, 2024

Tokenized deposits gaining traction in India, central bank says

Michael Debabrata Patra, deputy governor of the RBI, believes that tokenized deposits have various use cases in cross-border and domestic...

Replacement of bank deposits by CBDC an area of key interest for deposit insurers: RBI

Business

Pradipta Mukherjee

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19 August, 2024

Replacement of bank deposits by CBDC an area of key interest for deposit insurers: RBI

At a recent International Association of Deposit Insurers event, Michael Debabrata Patra, deputy governor of RBI, said that CBDC will...

Kyrgyzstan proposes new legislation to legalize CBDC

Business

Steve Kaaru

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19 August, 2024

Kyrgyzstan proposes new legislation to legalize CBDC

In April, the Kyrgyz Central Bank conducted a trial for the digital som and has now opened a public consultation...

European financial markets advocacy body suggests policy steps to scale DLT in capital markets

Business

James Field

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13 August, 2024

European financial markets advocacy body suggests policy steps to scale DLT in capital markets

The Association for Financial Markets in Europe’s paper on digital finance outlines priorities for a "competitive financial market," and one...

Cambodia’s central bank uses CBDC to stifle dollarization of local economy

Business

Wahid Pessarlay

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13 August, 2024

Cambodia’s central bank uses CBDC to stifle dollarization of local economy

Riel payments via Bakong are up by over 50% since the launch of the offering, encouraged by several government initiatives...

Slovenia issues inaugural digital bond in EU via BNP Paribas

Business

Wahid Pessarlay

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9 August, 2024

Slovenia issues inaugural digital bond in EU via BNP Paribas

The $30M digital bond issued on BNP Paribas Neobonds has an offering interest rate of 3.65% and is perceived as...

Reserve Bank of India: CBDCs may reduce availability of cash deposits with banks

Business

Pradipta Mukherjee

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7 August, 2024

Reserve Bank of India: CBDCs may reduce availability of cash deposits with banks

CBDCs may have the potential to be the future of money, but the Reserve Bank of India points out the...

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