Central Bank Digital Currency Archives

Pakistan’s central bank confirms CBDC development, seeks to catch up with industry pioneers

Business

Wahid Pessarlay

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26 July, 2023

Pakistan’s central bank confirms CBDC development, seeks to catch up with industry pioneers

The State Bank of Pakistan’s CBDC pilot is expected to be carried out in stages, roping in the Pakistani commercial...

China eyes cross-border trade with Singapore as CBDC nears $250B transactions

Business

Wahid Pessarlay

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26 July, 2023

China eyes cross-border trade with Singapore as CBDC nears $250B transactions

Apart from integrating a new wave of cross-border functionalities in its digital yuan, China is looking to drive adoption rates...

South Korea hints at future CBDC in new financial report

Business

Wahid Pessarlay

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25 July, 2023

South Korea hints at future CBDC in new financial report

South Korea joins the growing list of countries exploring CBDCs, with its central bank unveiling plans to study and possibly...

Federal Reserve nears FedNow Service rollout but clarifies it has no links with CBDCs

Business

Wahid Pessarlay

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25 July, 2023

Federal Reserve nears FedNow Service rollout but clarifies it has no links with CBDCs

The Federal Reserve has yet to decide on rolling out CBDCs, stating that it will require congressional approval to launch...

Nigeria’s central bank upgrades eNaira with NFC, programmability features

Business

Wahid Pessarlay

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22 July, 2023

Nigeria’s central bank upgrades eNaira with NFC, programmability features

Joseph Angaye, deputy director of the Central Bank of Nigeria’s risk management department, disclosed that the CBN will continue to...

‘Be ready to have your minds blown’: Kurt Wuckert Jr. AMA at CoinGeek Weekly Livestream

Interviews

Gavin Lucas

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21 July, 2023

‘Be ready to have your minds blown’: Kurt Wuckert Jr. AMA at CoinGeek Weekly Livestream

This week on the CoinGeek Weekly Livestream, Bitcoin historian and expert Kurt Wuckert Jr. answers viewer questions about Bitcoin, the...

India’s HDFC bank onboards 100,000 users for digital rupee pilot

Business

Steve Kaaru

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21 July, 2023

India’s HDFC bank onboards 100,000 users for digital rupee pilot

HDFC, India's largest private sector bank, has also onboarded 170,000 merchants as India seeks to hit a million daily transactions...

Business

Wahid Pessarlay

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20 July, 2023

Russia passes CBDC legislation as digital ruble pilot prepares for takeoff

The CBDC bill, supporting the creation of a digital ruble pilot, amended certain parts of the Russian civil code and...

India unveils plans to trigger increased CBDC adoption

Business

Wahid Pessarlay

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16 July, 2023

India unveils plans to trigger increased CBDC adoption

India explores other use cases of CBDCs in an attempt to achieve a record of one million daily transactions, with...

Business

Wahid Pessarlay

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15 July, 2023

Bank of China tests digital yuan SIM card payments using NFC technology

Aside from the CBDC functionality, the Bank of China stated that the SIM cards may support several applications, including access...

UK update: CBDCs, tokenized bank deposits, and self-sovereign identity systems in play

Business

Gavin Lucas

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14 July, 2023

UK update: CBDCs, tokenized bank deposits, and self-sovereign identity systems in play

In the past week, the U.K. has been moving quickly with innovations related to digital currencies, blockchains, and financial innovation...

Business

Wahid Pessarlay

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14 July, 2023

24 CBDCs set to launch by 2030, over 93% of central banks experimenting with the asset class: BIS

Bank for International Settlements notes that the retail CBDCs will be the dominant offering while their wholesale versions will be...

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