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Central Bank Digital Currency

China strikes deal with Kazakhstan on cross-border CBDC
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11 July, 2024

China strikes deal with Kazakhstan on cross-border CBDC

With an ambition to transform the cross-border payments ecosystem, China partners with Kazakhstan in exploring CBDCs, which comes at the...
Bahamas to force banks to support its CBDC
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10 July, 2024

Bahamas to force banks to support its CBDC

Since its launch in 2020, the Sand Dollar CBDC has failed to garner the expected uptake in the Bahamas, forcing...
North Carolina governor vetoes anti-CBDC bill
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9 July, 2024

North Carolina governor vetoes anti-CBDC bill

The North Carolina Governor said the bill was "premature, vague and reactionary and proposes an end result on important monetary...
India’s Tata Consultancy Services, Sweden’s Crunchfish to deploy ‘Quartz solution’ for offline CBDCs
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4 July, 2024

India’s Tata Consultancy Services, Sweden’s Crunchfish to deploy ‘Quartz solution’ for offline CBDCs

The partnership between Crunchfish and Tata Consultancy Services will utilize the Quartz solution for CBDCs with offline payments enabled by...
India’s retail CBDC usage drops amid growing UPI popularity
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3 July, 2024

India’s retail CBDC usage drops amid growing UPI popularity

With more locals utilizing UPI, India is struggling to promote its CBDCs, with both retail and wholesale CBDCs taking a...
Hong Kong, France to explore cross-border CBDCs outside of mBridge
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3 July, 2024

Hong Kong, France to explore cross-border CBDCs outside of mBridge

Both Hong Kong and France will explore the interoperability of their wholesale CBDC systems via a regulatory sandbox to strengthen...
North Carolina Assembly passes CBDC ban bill
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2 July, 2024

North Carolina Assembly passes CBDC ban bill

The bill passed the Assembly in a 109-4 vote on June 26, following the passing of the state Senate in...
Louisiana passes Blockchain Basics Act, banning CBDC and protecting miners
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1 July, 2024

Louisiana passes Blockchain Basics Act, banning CBDC and protecting miners

Louisiana has joined Ohio and Mississippi in passing the law that also protects the right to self-custody and guarantees the...
ECB issues first digital euro ‘preparation phase’ progress report
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1 July, 2024

ECB issues first digital euro ‘preparation phase’ progress report

The European Union is a step closer to realizing its vision for an EU-wide CBDC with its first comprehensive update,...
Switzerland extends CBDC trial by 2 years after promising early results
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27 June, 2024

Switzerland extends CBDC trial by 2 years after promising early results

Project Helvetia III will continue its run until 2026, with more firms expected to join the initiative, laying a solid...
Tencent to participate in mBridge MVP
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27 June, 2024

Tencent to participate in mBridge MVP

Through its domestic payments platform, Tenpay Global, Tencent has been testing mBridge payments for e-commerce exports and will participate in...
Turkey CBDC trials focus on interoperability
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12 January, 2024

Turkey CBDC trials focus on interoperability

After the success of the first pilot test, the Central Bank of Turkey enters the phase 2 of digital lira...