Central Bank Digital Currency Archives

Swiss National Bank set to launch CBDC pilot on SIX Digital Exchange

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30 June, 2023

Swiss National Bank set to launch CBDC pilot on SIX Digital Exchange

SNB's pilot program will explore the possibility of launching a wholesale CBDC, although technical details of its whitepaper state it...

Creating CBDCs on a blockchain network: The Bitcoin Masterclasses #6 with Dr. Craig Wright

Business

Jon Southurst

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28 June, 2023

Creating CBDCs on a blockchain network: The Bitcoin Masterclasses #6 with Dr. Craig Wright

This fifth session of The Bitcoin Masterclasses #6 with Dr. Craig Wright dives into central bank digital currencies, mainly its...

IMF says banning digital assets may not be effective in the long-term

Business

James Field

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27 June, 2023

IMF says banning digital assets may not be effective in the long-term

Banning digital assets may not be the best way of mitigating the associated risks, said the IMF, a few months...

Central Bank of Nigeria greenlights use of CBDC for international remittances

Business

Wahid Pessarlay

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27 June, 2023

Central Bank of Nigeria greenlights use of CBDC for international remittances

International money transfer operators are expected to apply for a one-time license to pay out funds in the eNaira, with...

Business

Wahid Pessarlay

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26 June, 2023

ECB updates digital euro approach for financial inclusion

The European Central Bank intends to achieve financial inclusion through several initiatives, including providing physical digital euro payment cards, in-person...

Singapore central bank’s white paper explores standards, use cases for digital money

Business

Wahid Pessarlay

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26 June, 2023

Singapore central bank’s white paper explores standards, use cases for digital money

Singapore believes digital money would be key in revitalizing the future of the financial and payments sector, laying out standard...

Second iteration of cross-border CBDC pilot between China, Hong Kong falters

Business

Wahid Pessarlay

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24 June, 2023

Second iteration of cross-border CBDC pilot between China, Hong Kong falters

The CBDC pilot initiative hit a road bump following several user complaints, including the limited number of merchants accepting the...

IMF proposes single ledger cross-border payment platform using blockchain

Business

Wahid Pessarlay

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23 June, 2023

IMF proposes single ledger cross-border payment platform using blockchain

Aside from the settlement layer, the CBDC platform dubbed XC platform comprises a programming layer designed to allow participants to...

Slovakia embeds cash usage in constitution amid digital euro fears

Business

Steve Kaaru

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22 June, 2023

Slovakia embeds cash usage in constitution amid digital euro fears

Slovak legislators worry that the digital euro will start out as an alternative but will soon be mandatory, and they...

eNaira faces uncertain future after ousting of Nigeria’s central bank governor

Business

Steve Kaaru

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21 June, 2023

eNaira faces uncertain future after ousting of Nigeria’s central bank governor

Godwin Emefiele was dismissed by the new president 10 days after his administration took over and has been held by...

18 Italian banks collaborate for wholesale CBDC relying on blockchain

Business

Wahid Pessarlay

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21 June, 2023

18 Italian banks collaborate for wholesale CBDC relying on blockchain

Exploring blockchain payment solutions, the Bank of Italy introduces Project Leonidas, a scheme that 14 local banks will drive in...

Thailand begins retail CBDC pilot to assess digital baht feasibility

Business

Wahid Pessarlay

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16 June, 2023

Thailand begins retail CBDC pilot to assess digital baht feasibility

Bank of Thailand expects the total number of participants to reach around the 10,000 mark while viewing the CBDC project...

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