Central Bank Digital Currency Archives

Jamaica plans digital marketplace to trigger CBDC adoption

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22 May, 2023

Jamaica plans digital marketplace to trigger CBDC adoption

Jamaican Senator Aubyn Hill disclosed that the marketplace would operate as an e-commerce platform allowing customers to pay for goods...

Bitcoin and NFTs collide: Kurt Wuckert Jr. talks to the Morgan Report

Business

Gavin Lucas

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21 May, 2023

Bitcoin and NFTs collide: Kurt Wuckert Jr. talks to the Morgan Report

Back by popular demand, Kurt Wuckert Jr. underlines the role of Ordinals and Bitcoin in revamping the NFT market in...

Fuzhou lures Web3 firms with incentives to set up shop in the city

Business

Wahid Pessarlay

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20 May, 2023

Fuzhou lures Web3 firms with incentives to set up shop in the city

After baring its metaverse ambitions, China is now focusing on fortifying its Web3 ecosystem, with Fuzhou leading the way by...

Australia records first FX transaction with CBDCs as trial gathers steam

Business

Wahid Pessarlay

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20 May, 2023

Australia records first FX transaction with CBDCs as trial gathers steam

Blockchain infrastructure provider Canvas broke the news on May 17, noting that two digital asset fund managers, DigitalX and TAF...

G7 finance ministers renew support for digital asset monitoring, CBDC research

Business

Jon Southurst

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19 May, 2023

G7 finance ministers renew support for digital asset monitoring, CBDC research

G7 member nations reiterate that CBDCs could play a major role in maintaining a good financial system but, similar to...

Business

Wahid Pessarlay

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19 May, 2023

Bank of Korea taps Samsung to spearhead offline CBDC research

The partnership between Samsung and the Bank of Korea entails experimenting with offline payment functionality for CBDC, including studying the...

BIS shines light on offline CBDC payments in new handbook

Business

Wahid Pessarlay

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18 May, 2023

BIS shines light on offline CBDC payments in new handbook

The Bank for International Settlements "Project Polaris" outlined the benefits of offline CBDCs for countries gearing to launch digital iterations...

Hungary’s central bank sees no rush in launching CBDCs

Business

Wahid Pessarlay

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16 May, 2023

Hungary’s central bank sees no rush in launching CBDCs

Hungary is following other countries in launching a CBDC, but its central bank says it is in no rush to...

Brazil’s central bank allows firms to participate in digital real CBDC pilot

Business

Wahid Pessarlay

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11 May, 2023

Brazil’s central bank allows firms to participate in digital real CBDC pilot

Participating financial institutions will be selected based on their previous experiences with distributed ledger technology with a preference for the...

Bank of Canada launches CBDC consultation

Business

Steve Kaaru

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10 May, 2023

Bank of Canada launches CBDC consultation

While a digital dollar “is not needed at this time,” the Bank of Canada wants to be ready as it...

Reserve Bank of India’s deputy governor wants to promote CBDCs

Business

Wahid Pessarlay

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10 May, 2023

Reserve Bank of India’s deputy governor wants to promote CBDCs

Rabi Sankar, deputy governor of the Reserve Bank of India, said the ideal way out of the digital currency dilemma...

Stablecoins and digital assets unlikely to replace central bank money: Moody’s

Business

Steve Kaaru

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9 May, 2023

Stablecoins and digital assets unlikely to replace central bank money: Moody’s

The author of Moody’s report tells CoinGeek that while stablecoins and Bitcoin are seeing rising adoption, the role of commercial...

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