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Central Bank Digital Currency

Russia to start using CBDC for international payments in 2025
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15 June, 2024

Russia to start using CBDC for international payments in 2025

Influential legislator Anatoly Aksakov says CBDC payments will be the norm in the next five years, and Russia will be...
BIS mBridge CBDC project enters MVP stage
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14 June, 2024

BIS mBridge CBDC project enters MVP stage

A seamless cross-border atomic settlement is within arms' reach as Project mBridge enters the MVP stage, showcasing the possibilities of...
Most Germans remain unaware of what digital euro is: poll
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12 June, 2024

Most Germans remain unaware of what digital euro is: poll

Despite a constant push, many Germans still don't know what a digital euro is, with some thinking it's meant to...
Digital yuan app removes ‘pilot’ from description, fueling speculation for production
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10 June, 2024

Digital yuan app removes ‘pilot’ from description, fueling speculation for production

The People’s Bank of China has yet to formally announce a mainstream rollout of the digital yuan, and local authorities...
Qatar launches CBDC testing for wholesale payments
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6 June, 2024

Qatar launches CBDC testing for wholesale payments

Qatar Central Bank announced this week that it had completed developing the CBDC infrastructure and that it would leverage AI...
Indian banks offer incentives to lift e-rupee use as wholesale CBDC usage plunges
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6 June, 2024

Indian banks offer incentives to lift e-rupee use as wholesale CBDC usage plunges

Local banks are actively offering cashbacks and reward points to woo customers into using the wholesale CBDC following a significant...
Israel’s digital shekel challenge targets innovative CBDC applications
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6 June, 2024

Israel’s digital shekel challenge targets innovative CBDC applications

The Bank of Israel launched the challenge to explore the feasibility of issuing a digital shekel, inspired by the Bank...
More details on Project Agorá—the plan to tokenize correspondent banking
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5 June, 2024

More details on Project Agorá—the plan to tokenize correspondent banking

The Bank for International Settlements is banking on its Project Agorá to address the declining number of correspondent banks worldwide...
Brazil delays DREX CBDC launch over privacy concerns
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3 June, 2024

Brazil delays DREX CBDC launch over privacy concerns

Similar to developed nations, Brazil also shows great concerns regarding the privacy of CBDCs despite conducting several trials to address...
Spain’s central bank launches third wholesale CBDC trial
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30 May, 2024

Spain’s central bank launches third wholesale CBDC trial

The Bank of Spain launched two CBDC trials earlier this year and has now announced a third one with IT...
mBridge members China, Thailand sign local currency agreement as they look to improve cross-border trade
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30 May, 2024

mBridge members China, Thailand sign local currency agreement as they look to improve cross-border trade

The framework is expected to allow China and Thailand to carry out international trade in the Chinese yuan or the...
BIS payments committee to focus on tokenization, CBDCs in 2025 work program
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29 May, 2024

BIS payments committee to focus on tokenization, CBDCs in 2025 work program

The committee will also delve into central bank collaboration on CBDCs and asset-linked stablecoin arrangements to promote payments market efficiency.