Central Bank Digital Currency Archives

Nigeria revising CBDC model to boost eNaira adoption

Business

Steve Kaaru

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5 August, 2023

Nigeria revising CBDC model to boost eNaira adoption

The central bank didn’t reveal details on how it would amend Africa’s first CBDC but says the goal is to...

Bank of Russia: Digital ruble is not compulsory

Business

Wahid Pessarlay

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4 August, 2023

Bank of Russia: Digital ruble is not compulsory

Even though the use of the digital ruble remains voluntary, the Bank of Russia’s law on the CBDC is being...

India, China show high levels of CBDC support: CFA Institute survey

Business

Wahid Pessarlay

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3 August, 2023

India, China show high levels of CBDC support: CFA Institute survey

CFA Institute reports that countries in the Asia-Pacific region showed the greatest support for launching CBDCs, while advanced economies eyes...

Banque de France outlines 3 potential models for wholesale CBDC in new report

Business

Wahid Pessarlay

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1 August, 2023

Banque de France outlines 3 potential models for wholesale CBDC in new report

In its second CBDC report, Banque de France lays out three wholesale models prioritizing interoperability over other frameworks with cross-border...

South Korean banks explore stablecoin alternatives as CBDC research picks up steam

Business

Wahid Pessarlay

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1 August, 2023

South Korean banks explore stablecoin alternatives as CBDC research picks up steam

As stablecoins face heightened scrutiny from regulators, South Korean commercial banks are in the race for a worthy alternative as...

Wyoming is looking for director to oversee its stablecoin initiative

Business

Wahid Pessarlay

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31 July, 2023

Wyoming is looking for director to oversee its stablecoin initiative

Wyoming has confirmed that it is searching for an executive director to lead the Wyoming Stable Token Commission that will...

Building and governing CBDCs on blockchain: The Bitcoin Masterclasses #7 with Dr. Craig Wright

Business

Jon Southurst

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31 July, 2023

Building and governing CBDCs on blockchain: The Bitcoin Masterclasses #7 with Dr. Craig Wright

In this Masterclasses series, Dr. Craig Wright says CBDCs' concept isn't particularly novel, but it still takes some technological and...

Chinese tourists visiting Hong Kong can now use digital yuan to pay in select stores

Business

Wahid Pessarlay

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28 July, 2023

Chinese tourists visiting Hong Kong can now use digital yuan to pay in select stores

The move, which began on July 18, follows the launch of a digital yuan shopping festival organized by the Bank...

Putin signs digital ruble bill into law, enabling CBDC in Russia

Business

James Field

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27 July, 2023

Putin signs digital ruble bill into law, enabling CBDC in Russia

Under the newly signed law, the Bank of Russia is tasked with storing digital ruble assets and will be the...

China: Shanghai unveils plan to improve economy using blockchain, metaverse, CBDCs

Business

Wahid Pessarlay

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27 July, 2023

China: Shanghai unveils plan to improve economy using blockchain, metaverse, CBDCs

Shanghai’s plans target the development of key sectors, the protection of the environment, and improving the management of operations using...

Federal Reserve of San Francisco seeks senior digital currency architect for CBDC project

Business

Wahid Pessarlay

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27 July, 2023

Federal Reserve of San Francisco seeks senior digital currency architect for CBDC project

The successful applicant will be in charge of creating "novel systems" around CBDCs, launching working prototypes of the system, and...

US Rep. Warren Davidson hits out at digital dollar—Bitcoin is the solution to CBDC fears

Business

Gavin Lucas

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26 July, 2023

US Rep. Warren Davidson hits out at digital dollar—Bitcoin is the solution to CBDC fears

U.S. Representative Warren Davidson claims CBDCs "corrupt money into a tool for coercion and control," he also called them the...

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