Central Bank Digital Currency Archives

CBDCs could end SWIFT, Russia’s central bank executive says

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14 July, 2023

CBDCs could end SWIFT, Russia’s central bank executive says

First Deputy Governor of the Bank of Russia Olga Skorobogatova said the digital ruble project will advance in stages, modeled...

Big banks test unified ledger concept; Fed says digital currencies can promote financial inclusion

Business

Gavin Lucas

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13 July, 2023

Big banks test unified ledger concept; Fed says digital currencies can promote financial inclusion

The completion of proof of concept for the Regulated Liability Network opens doors for banks to unify their messaging and...

Bank of England is working on CBDC identity layer

Business

Gavin Lucas

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12 July, 2023

Bank of England is working on CBDC identity layer

Payments and identity company Nuggets is working with Bank of England to develop an identity and privacy layer for its...

BIS publishes security and resilience framework for CBDC systems

Business

Wahid Pessarlay

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11 July, 2023

BIS publishes security and resilience framework for CBDC systems

The framework, which is part of Project Polaris, is designed to protect CBDC systems from "new and elevated threats" while...

DBS Bank floats digital yuan offering for corporate clients in China

Business

Wahid Pessarlay

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11 July, 2023

DBS Bank floats digital yuan offering for corporate clients in China

DBS Bank backs the mass adoption of China's CBDC, laying plans to launch a new offering that would allow mainland...

NY Fed new proof of concept report tackles simulated CBDCs

Business

Wahid Pessarlay

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10 July, 2023

NY Fed new proof of concept report tackles simulated CBDCs

The Regulated Liability Network (RLN) might be integrated with commercial bank deposit tokens or a wholesale central bank digital currency...

China’s Jinan city accepts digital yuan as payment for bus rides

Business

Wahid Pessarlay

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9 July, 2023

China’s Jinan city accepts digital yuan as payment for bus rides

The pilot will run from July 1 until September 30 and is designed to enable administrators to test-run a full-scale...

India central bank turns to cross-border functionality despite advocating for cautious CBDC development

Business

Wahid Pessarlay

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5 July, 2023

India central bank turns to cross-border functionality despite advocating for cautious CBDC development

The Reserve Bank of India is keen on experimenting with multiple CBDC use cases outside the purview of domestic payments,...

European Commission publishes digital euro bill, gives green light to ECB

Business

Steve Kaaru

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4 July, 2023

European Commission publishes digital euro bill, gives green light to ECB

The European Commission’s bill underpins the right of every resident in the eurozone to pay for free with the digital...

98% of world’s economy are exploring CBDCs, new study finds

Business

Wahid Pessarlay

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3 July, 2023

98% of world’s economy are exploring CBDCs, new study finds

New research from U.S.-based Atlantic Council has revealed that 130 countries are researching the prospects of central bank digital currencies,...

Britcoin to be trialed on multiple ledgers, including blockchain: Bank of England

Business

Steve Kaaru

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1 July, 2023

Britcoin to be trialed on multiple ledgers, including blockchain: Bank of England

Tom Mutton, who heads the digital pound initiative at the BoE, says it will have a £10,000-£20,000 limit, will trial...

Shanghai Clearing House floats digital yuan services for commodity trading

Business

Wahid Pessarlay

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30 June, 2023

Shanghai Clearing House floats digital yuan services for commodity trading

One of the changes of the new regime is abolishing the 2022 “Guidelines for the Spot Clearing Business of Bulk...

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