Central Bank Digital Currency Archives

North Carolina bans CBDCs with passage of new bill

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9 May, 2023

North Carolina bans CBDCs with passage of new bill

The new bill by Republican lawmakers argues that an attempt to introduce CBDCs aims at “surveilling Americans and controlling behavior...

Reserve Bank of India, BIS unveil G20 TechSprint 2023 to improve state of cross-border CBDC

Business

Wahid Pessarlay

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8 May, 2023

Reserve Bank of India, BIS unveil G20 TechSprint 2023 to improve state of cross-border CBDC

The primary focus of the G20 TechSprint 2023 is foreign exchange liquidity, anti-money laundering (AML), and central bank digital currencies...

Retail CBDCs could open a can of worms for central banks: IMF director

Business

Wahid Pessarlay

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6 May, 2023

Retail CBDCs could open a can of worms for central banks: IMF director

Unlike wholesale CBDCs, which can be put in place without significant disruptions, retail CBDCs are more risky and could threaten...

Visa unveils blockchain-backed CBDC project for Brazilian farmers

Business

Wahid Pessarlay

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6 May, 2023

Visa unveils blockchain-backed CBDC project for Brazilian farmers

Farmers appear to be the target market of Visa’s new CBDC project, noting that they contribute a large chunk of...

Mauritius to launch CBDC pilot after 3 years’ exploration

Business

Wahid Pessarlay

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4 May, 2023

Mauritius to launch CBDC pilot after 3 years’ exploration

The CBDC pilot initiative, set in November, will use a two-tier distribution model to avoid a disruption in the financial...

European regulators mull digital euro, MiCA and stablecoins in new report

Business

Steve Kaaru

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3 May, 2023

European regulators mull digital euro, MiCA and stablecoins in new report

While the digital euro will boost financial inclusion, it has the risk of bank disintermediation; regulators say as they called...

Business

Steve Kaaru

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30 April, 2023

Digital euro users want P2P payments, budget management, and QR codes: study

Commissioned by the ECB, the study also found that users want offline payments and programmability, with the underbanked most needing...

China moves forward with CBDC cross-border payment experiments

Business

Wahid Pessarlay

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28 April, 2023

China moves forward with CBDC cross-border payment experiments

As downloads and usage of digital yuan wane, China bares new plans to promote its CBDC by using it in...

Digital euro access, onboarding and distribution outlined in latest ECB report

Business

Steve Kaaru

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27 April, 2023

Digital euro access, onboarding and distribution outlined in latest ECB report

The digital euro will be distributed to residents and merchants in the Euro Area first, but European Central Bank admits...

Research, but don’t launch a digital euro: European Parliament report

Business

Steve Kaaru

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26 April, 2023

Research, but don’t launch a digital euro: European Parliament report

The digital euro is a solution in search of a problem, according to the report, noting that the central bank...

China doubles down on digital yuan adoption with new payment scheme

Business

Wahid Pessarlay

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26 April, 2023

China doubles down on digital yuan adoption with new payment scheme

The Chinese city of Changshu is shaping itself as a model for CBDC adoption as it introduces a new payment...

Republic of Belarus to launch pilot program for CBDC: National bank chairman

Business

Wahid Pessarlay

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22 April, 2023

Republic of Belarus to launch pilot program for CBDC: National bank chairman

The central bank confirmed that it had started the process for the development of a demo version to look into...

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