Central Bank Digital Currency Archives

China’s digital yuan pilot gathers steam

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9 December, 2023

China’s digital yuan pilot gathers steam

The future of CBDC transactions is on the horizon as more banks onboard China's digital yuan pilot, exploring various use...

BIS privacy-focused CBDC project features 2 eCash prototypes

Business

Wahid Pessarlay

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8 December, 2023

BIS privacy-focused CBDC project features 2 eCash prototypes

BIS's Project Tourbillon explores privacy-focused CBDCs, delving into eCash designs, security, scalability, and quantum-safe cryptography, addressing global central bank digital...

UK House of Commons Committee urges more research on CBDC, voices concerns about costs

Business

James Field

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6 December, 2023

UK House of Commons Committee urges more research on CBDC, voices concerns about costs

British officials believe CBDC would be a great boost in the United Kingdom, but its Treasury Committee calls for a...

UK legislators to central bank: Proceed with caution on CBDC

Business

Steve Kaaru

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5 December, 2023

UK legislators to central bank: Proceed with caution on CBDC

While they pledged support for a digital pound for promoting choice and sustaining access to central bank money, the MPs...

Solomon Islands to launch CBDC proof-of-concept with Soramitsu

Business

Wahid Pessarlay

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4 December, 2023

Solomon Islands to launch CBDC proof-of-concept with Soramitsu

The Solomon Islands has teamed up with Soramitsu for a CBDC exploration, with Bokolo Cash proof-of-concept eyed to enhance financial...

BIS, World Bank to tokenize promissory notes

Business

Steve Kaaru

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4 December, 2023

BIS, World Bank to tokenize promissory notes

BIS will tokenize promissory notes which still rely on stacks of papers, and while this “isn’t going to revolutionize the...

Tom Emmer criticizes Treasury Department plea for greater authority over digital asset space

Business

James Field

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4 December, 2023

Tom Emmer criticizes Treasury Department plea for greater authority over digital asset space

Responding to Adeyemo, Rep. Tom Emmer accuses the U.S. Treasury of having a savior complex while reiterating his opposition against...

South Korea CBDC pilot launching in 2024 with over 100,000 participants

Business

Wahid Pessarlay

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30 November, 2023

South Korea CBDC pilot launching in 2024 with over 100,000 participants

The Bank of Korea will begin its retail CBDC pilot in 2024, testing use cases like payments for government grants...

Canton of Zurich digital bond utilizes wholesale CBDC for settlements

Business

Wahid Pessarlay

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29 November, 2023

Canton of Zurich digital bond utilizes wholesale CBDC for settlements

Zurich pioneers digitization with a CHF 100M digital bond on SDX, utilizing CBDC settlements, led by UBS, Raiffeisen, Zurcher Kantonalbank,...

European Central Bank steps up wholesale digital euro trials

Business

Steve Kaaru

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29 November, 2023

European Central Bank steps up wholesale digital euro trials

The European Central Bank recently held a meeting in which it outlined the themes it’s exploring, including assessing the demand...

BIS urges central banks to move fast on CBDC as Visa stablecoin threat looms

Business

Steve Kaaru

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27 November, 2023

BIS urges central banks to move fast on CBDC as Visa stablecoin threat looms

The Bank for International Settlements general manager and the governor of South Korea’s central bank talked about the need for...

Digital yuan’s merchant fee removal worries point-of-sale manufacturers

Business

Wahid Pessarlay

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26 November, 2023

Digital yuan’s merchant fee removal worries point-of-sale manufacturers

China's digital yuan rollout prompts concerns among point-of-sale manufacturers about potential earnings decline, leading the PBoC to explore incentives for...

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