Central Bank Digital Currency Archives

North Carolina House of Representatives overturns governor’s veto of bill banning CBDC

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5 August, 2024

North Carolina House of Representatives overturns governor’s veto of bill banning CBDC

Prohibiting testing or accepting a potential U.S. central bank digital currency remains on the table after the majority of North...

Bank of England looks to update RTGS by exploring wholesale CBDC, synchronization

Business

James Field

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2 August, 2024

Bank of England looks to update RTGS by exploring wholesale CBDC, synchronization

After the real-time gross settlement crash in July, the BOE is looking for a solution to update the network, proposing...

Israel announces first batch of digital shekel challenge participants

Business

Steve Kaaru

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2 August, 2024

Israel announces first batch of digital shekel challenge participants

Israel’s central bank announced the digital shekel challenge in May, and it has now picked COTI, Fireblocks, PayPal and 11...

Business

Steve Kaaru

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1 August, 2024

Peru inaugurates first CBDC pilot

Peru’s central bank partnered with local telecoms company Viettel Peru on the pilot, with Singapore, India and the International Monetary...

Thailand marches on with $14 billion digital money handout

Business

Steve Kaaru

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31 July, 2024

Thailand marches on with $14 billion digital money handout

Prime Minister Srettha Thavisin rose to power in 2023 by pledging to revive the economy through the digital cash handout,...

Kazakhstan uses programmable CBDC to pay for railway to China

Business

Steve Kaaru

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29 July, 2024

Kazakhstan uses programmable CBDC to pay for railway to China

The National Bank of Kazakhstan is utilizing the programmable digital tenge to pay contractors who completed the required tasks on...

Papua New Guinea joins CBDC race, taps Soramitsu to lead development efforts

Finance

Wahid Pessarlay

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24 July, 2024

Papua New Guinea joins CBDC race, taps Soramitsu to lead development efforts

Following the Solomon Islands, Palau, and the Marshall Islands, PNG has sought the aid of Soramitsu in its foray into...

Tokenized deposits unlock payment efficiency, reduce settlement risk: Visa

Finance

Steve Kaaru

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19 July, 2024

Tokenized deposits unlock payment efficiency, reduce settlement risk: Visa

Visa partnered with HSBC and Hang Seng Bank in 2023 on a pilot that combined the e-HKD and tokenized deposits...

Swedish central bank concludes proof of work blockchains are unacceptable

Finance

Gavin Lucas

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18 July, 2024

Swedish central bank concludes proof of work blockchains are unacceptable

In its report, Sweden's Riksbank sees a semi-centralized blockchain for its CBDC as the most optimal model over a fully...

Finance

Gavin Lucas

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16 July, 2024

Israel postpones CBDC launch

After successful pilots and collaboration with the Bank of International Settlements, BOI Deputy Governor Andrew Abir said it was waiting...

ECB tests blockchain, multiparty computation in enabling liquidity matching

Finance

James Field

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12 July, 2024

ECB tests blockchain, multiparty computation in enabling liquidity matching

The ECB experimentation was for the region's CBDC, the digital euro, and is an attempt to bring more use cases...

Taiwan central bank starting wholesale CBDC trials, but not in a rush to launch

Finance

James Field

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12 July, 2024

Taiwan central bank starting wholesale CBDC trials, but not in a rush to launch

Despite Governor Yang Chin-long's protestations that central bank digital currency development is not a race, Taiwan seems to be steadily...

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