Central Bank Digital Currency Archives

Russian lawmakers mull wholesale CBDC amid retail pilot launch

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25 November, 2023

Russian lawmakers mull wholesale CBDC amid retail pilot launch

For Russian financial institutions to circumvent Western-backed economic sanctions since its invasion of Ukraine, Russian deputies are pushing for wholesale...

Cambodia’s Bakong goes cross-border with Alipay integration

Business

Wahid Pessarlay

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25 November, 2023

Cambodia’s Bakong goes cross-border with Alipay integration

Cambodia’s blockchain-based CBDC has partnered with Alipay for cross-border transactions, enhancing trade ties with China and enabling global access for...

Bank for International Settlements questions stablecoins’ money market stability

Business

Steve Kaaru

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22 November, 2023

Bank for International Settlements questions stablecoins’ money market stability

The Bank for International Settlements has compared stablecoins to Eurodollars, saying they lack a central authority to maintain par when...

Kazakhstan launches digital tenge, makes first retail payment

Business

Steve Kaaru

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20 November, 2023

Kazakhstan launches digital tenge, makes first retail payment

The National Payment Corporation of Kazakhstan has unveiled the CBDC, which it says integrates VISA and Mastercard, as well as...

German politician trying hard to sell parliament on BTC

Business

Jordan Atkins

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20 November, 2023

German politician trying hard to sell parliament on BTC

Bundestag's Joana Cotar argues that BTC is a better alternative to cash than a CBDC, citing the possibility of regulators...

BIS chief says wholesale CBDCs are coming ‘really soon’

Business

Steve Kaaru

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16 November, 2023

BIS chief says wholesale CBDCs are coming ‘really soon’

Wholesale CBDCs don’t have the many complexities, risks, and complications of retail CBDCs and should launch in a few years,...

India full-scale wholesale CBDC launch may happen in early 2024: report

Business

Wahid Pessarlay

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14 November, 2023

India full-scale wholesale CBDC launch may happen in early 2024: report

After the successful pilot, the Reserve Bank of India may launch a full-scale wholesale central bank digital currency in January...

Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park

Business

Wahid Pessarlay

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11 November, 2023

Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park

Shenzhen, aiming for a widespread digital yuan adoption, Shas unveiled an industrial park housing various financial institutions that will serve...

Switzerland’s central bank launches wholesale CBDC pilot with UBS, commercial banks

Business

Wahid Pessarlay

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9 November, 2023

Switzerland’s central bank launches wholesale CBDC pilot with UBS, commercial banks

The pilot, dubbed Helvetia Phase III, builds upon two previous studies with collaborations from the Bank for International Settlements and...

Business

Wahid Pessarlay

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5 November, 2023

Google pitches offline CBDC plan to central banks to boost adoption rates

The guide, which is a part of Project Polaris, remarked that launching offline CBDCs will require a tailor-made approach, given...

BIS releases details for widely anticipated Project mBridge ahead of MVP

Business

Wahid Pessarlay

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5 November, 2023

BIS releases details for widely anticipated Project mBridge ahead of MVP

Project mBridge is inching forward to launching an MVP in 2024, and to achieve this, the Bank for International Settlements...

Hong Kong wraps up first phase of CBDC pilot; next stage to explore new use cases for e-HKD

Business

Wahid Pessarlay

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4 November, 2023

Hong Kong wraps up first phase of CBDC pilot; next stage to explore new use cases for e-HKD

Wrapping up its e-HKD pilot, Hong Kong's central bank said programmability, tokenization, and atomic settlement are the key areas that...

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