Central Bank Digital Currency Archives

No digital dollar in Florida, Gov. Ron DeSantis says

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22 March, 2023

No digital dollar in Florida, Gov. Ron DeSantis says

Ron DeSantis, who holds sway in the Republican party, says that a central bank-backed digital currency is U.S. President Joe...

Centi issues Swiss Franc Stablecoin ought to beat credit card transaction fees by over 90%

Press Releases

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21 March, 2023

Centi issues Swiss Franc Stablecoin ought to beat credit card transaction fees by over 90%

Combining the efficiency of blockchain technology with the rigor of Swiss banking, Centi has developed a comprehensive payment processing engine...

India, UAE central banks collaborate on CBDCs with cross-border features

Business

Wahid Pessarlay

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19 March, 2023

India, UAE central banks collaborate on CBDCs with cross-border features

Building on their individual plans to improve the payments system, the central banks of India and the United Arab Emirates...

German banks want commercial banks to lead in digital euro launch

Business

Wahid Pessarlay

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17 March, 2023

German banks want commercial banks to lead in digital euro launch

Amid the risks, the Association of German Banks recognized the benefits of the digital euro, urging the ECB to allow...

US Fed to launch FedNow instant payment service amid fears it could end CBDC interest

Business

Steve Kaaru

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16 March, 2023

US Fed to launch FedNow instant payment service amid fears it could end CBDC interest

FedNow gives users an instant 24/7 settlement service—part of the key appeal of a CBDC—and is fully endorsed by the...

Digital dollar is the only way US can fight ‘China’s surveillance coin,’ ex-CFTC boss says

Business

Steve Kaaru

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15 March, 2023

Digital dollar is the only way US can fight ‘China’s surveillance coin,’ ex-CFTC boss says

Christopher Giancarlo, who served as the 13th chair of the Commodity Futures Trading Commission, has called for accelerated digital dollar...

ECB touts digital euro benefits: ‘A payment solution for any occasion at any time’

Business

Steve Kaaru

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15 March, 2023

ECB touts digital euro benefits: ‘A payment solution for any occasion at any time’

In a new document, the European Central Bank breaks down the incentives and compensation of the digital euro, saying it...

SWIFT’s cross-border CBDC experiments show promise as participants prepare for phase 2

Business

Wahid Pessarlay

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14 March, 2023

SWIFT’s cross-border CBDC experiments show promise as participants prepare for phase 2

The 12-week study, involving 18 banks and financial institutions, shows the potential utility of CBDCs in settling cross-border transactions, prompting...

WeChat adds digital yuan to payment platform as People’s Bank of China pushes for wider adoption

Business

Wahid Pessarlay

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11 March, 2023

WeChat adds digital yuan to payment platform as People’s Bank of China pushes for wider adoption

WeChat is lending the central bank a hand to support China's CBDC ambition by integrating the e-CNY in WeChat Pay,...

India’s e-rupee will transform payments for 1.4 billion people: Zorilla CTO

Business

Steve Kaaru

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10 March, 2023

India’s e-rupee will transform payments for 1.4 billion people: Zorilla CTO

In an editorial, Zorilla CTO and BSV Ambassador Mallikarjun Karra says India is long overdue for a payments revolution and...

Iran moves ahead with CBDC development after completing pre-pilot phase

Business

Wahid Pessarlay

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10 March, 2023

Iran moves ahead with CBDC development after completing pre-pilot phase

The Central Bank of Iran revealed that the pre-pilot phase skimmed through legal, regulatory, and technological implications for an Iranian...

BIS wraps up cross-border retail CBDC ‘Project Icebreaker’

Business

Wahid Pessarlay

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9 March, 2023

BIS wraps up cross-border retail CBDC ‘Project Icebreaker’

The Bank for International Settlements’ "Project Icebreaker" project delved into the benefits and risks of launching retail central bank digital...

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