Central Bank Digital Currency Archives

Eurosystem seeks participants for blockchain-based payment with central bank money

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22 December, 2023

Eurosystem seeks participants for blockchain-based payment with central bank money

Eurosystem has initiated trials for blockchain-based interbank transfers, assessing solutions like Italy's TIPS Hash and France's Full-DLT, open to diverse...

Business

Wahid Pessarlay

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22 December, 2023

JCB, Idemia CBDC pilot phase 2 focuses on offline functionality

JCB and Idemia is moving to stage two of CBDC pilot with Soft Space, focusing on offline payments using near-field...

Bank of Korea governor urges banking regulators to introduce CBDCs

Business

Wahid Pessarlay

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21 December, 2023

Bank of Korea governor urges banking regulators to introduce CBDCs

Bank of Korea Governor Rhee Chang-yong urges swift CBDC adoption to counter stablecoin risks, accelerating plans with launching 2024 retail...

Bank of Russia extends digital ruble pilot completion to 2025

Business

Wahid Pessarlay

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20 December, 2023

Bank of Russia extends digital ruble pilot completion to 2025

The Bank of Russia's digital ruble experiments will not launch before 2025 as the central bank continues to test a...

Business

Steve Kaaru

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20 December, 2023

Japan should issue digital yen ‘without delay,’ expert panel recommends

The panel under the Finance Ministry says the digital yen must co-exist alongside—not replace—cash and be easily usable "by anyone,...

Digital tenge pilot was a success: Kazakhstan central bank

Business

Steve Kaaru

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19 December, 2023

Digital tenge pilot was a success: Kazakhstan central bank

The digital tenge pilot launched a month ago and, in that time, it has been used to make retail payments...

Australia’s new central bank chief backs wholesale CBDC over retail

Business

Wahid Pessarlay

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18 December, 2023

Australia’s new central bank chief backs wholesale CBDC over retail

Reserve Bank of Australia Governor Michele Bullock favors wholesale CBDC for interbank settlements, citing success in recent case studies as...

South Korea’s notice for digital assets excludes NFTs, CBDCs

Business

Wahid Pessarlay

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16 December, 2023

South Korea’s notice for digital assets excludes NFTs, CBDCs

South Korea's Financial Services Commission mandates digital exchanges to offer interest on deposits from July 2024, excluding NFTs and CBDCs,...

Taiwan’s central bank completes CBDC feasibility study

Business

Wahid Pessarlay

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15 December, 2023

Taiwan’s central bank completes CBDC feasibility study

Taiwan is exploring a digital New Dollar with a completed central bank digital currency proof-of-concept, aiming to streamline payments, enhance...

China, Singapore launch digital yuan cross-border payments pilot for tourists

Business

Wahid Pessarlay

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14 December, 2023

China, Singapore launch digital yuan cross-border payments pilot for tourists

The Monetary Authority of Singapore and People's Bank of China have signed the MOU to allow Chinese and Singaporean tourists...

Business

Gavin Lucas

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11 December, 2023

Canadians still don’t like CBDCs

More Canadians still prefer cash over a central bank digital currency, citing the latter's risks when it comes to privacy,...

Italy, South Korea sign MOU for CBDC, payment systems and ICT

Business

Wahid Pessarlay

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9 December, 2023

Italy, South Korea sign MOU for CBDC, payment systems and ICT

The central banks of Italy and South Korea have signed a memorandum of understanding for a central bank digital currency...

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