Central Bank Digital Currency Archives

Are CBDCs financial innovation or tool of oppression?

Business

Jerry Chan

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25 September, 2023

Are CBDCs financial innovation or tool of oppression?

CBDCs are being seen as key to financial inclusion, but many do not realize that creating an inclusive system lies...

Kazakhstan’s new agency paves way for CBDC launch by 2025

Business

Wahid Pessarlay

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24 September, 2023

Kazakhstan’s new agency paves way for CBDC launch by 2025

Kazakhstan establishes NPC to develop digital tenge and enhance open banking, aiming to boost payment system efficiency and financial inclusivity.

India sees UPI success driving CBDC adoption, cross-border transactions as an opportunity to excel

Business

Wahid Pessarlay

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23 September, 2023

India sees UPI success driving CBDC adoption, cross-border transactions as an opportunity to excel

India's CBDC navigates UPI competition while aiming for cross-border success, considering the digital rupee's journey amidst UPI dominance and its...

Financial Services Committee approves bill prohibiting CBDC in US

Business

Jordan Atkins

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22 September, 2023

Financial Services Committee approves bill prohibiting CBDC in US

The U.S. House Financial Services Committee has approved the CBDC Anti-Surveillance State Act, which will now be put before the...

HSBC, HKUST partner on e-HKD CBDC pilot to complement banking regulator efforts

Business

Wahid Pessarlay

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22 September, 2023

HSBC, HKUST partner on e-HKD CBDC pilot to complement banking regulator efforts

HSBC and HKUST Business School collaborate on a hypothetical e-HKD pilot to aid Hong Kong Monetary Authority in CBDC development,...

Philippine Blockchain Week 2023 Day 2 delves into the evolving world of fintech

Business

Ana Peligro

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21 September, 2023

Philippine Blockchain Week 2023 Day 2 delves into the evolving world of fintech

Day 2 of the Philippine Blockchain Week 2023 offers a glimpse of the future of the banking sector, the challenges...

IMF’s CBDC blueprint calls for ‘paced and iterative’ approach among banking regulators

Business

Wahid Pessarlay

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19 September, 2023

IMF’s CBDC blueprint calls for ‘paced and iterative’ approach among banking regulators

IMF seeks to guide banking regulators on CBDCs for local economies, emphasizing phased, iterative, and jurisdiction-specific approaches.

US House Financial Services Committee hearing critical of CBDCs

Business

James Field

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19 September, 2023

US House Financial Services Committee hearing critical of CBDCs

While there is a growing list of nations exploring and launching their CBDCs, the U.S. remains negative about creating its...

Kazakhstan, Hong Kong join SWIFT’s CBDC interoperability beta test

Business

Steve Kaaru

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19 September, 2023

Kazakhstan, Hong Kong join SWIFT’s CBDC interoperability beta test

The new beta test focuses on interlinking CBDCs to foster cross-border payments, while a second test with 30 banks tests...

BIS partners with Israel, Hong Kong for retail CBDC experiment

Business

Wahid Pessarlay

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17 September, 2023

BIS partners with Israel, Hong Kong for retail CBDC experiment

The Bank for International Settlements has announced a successful CBDC proof of concept—Project Sela—prioritizing inclusivity and privacy, poised to revolutionize...

Indian firms pioneer CBDC solutions for feature phones amid slow internet adoption

Business

Wahid Pessarlay

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16 September, 2023

Indian firms pioneer CBDC solutions for feature phones amid slow internet adoption

Nokia's parent firm, HMD Global, with Airtel Payments Bank and IDEMIA, is creating offline payment options for the digital rupee,...

Reserve Bank of India’s CBDC enhancements aim to boost adoption

Business

Wahid Pessarlay

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15 September, 2023

Reserve Bank of India’s CBDC enhancements aim to boost adoption

The Reserve Bank of India is planning upgrades for its digital rupee to encourage wider adoption, including offline payments and...

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