Central Bank Digital Currency Archives

Brazil’s digital real makes its debut on a public blockchain

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9 March, 2023

Brazil’s digital real makes its debut on a public blockchain

The experiment was conducted by digital currency exchange Mercado Bitcoin and Stellar protocol designed to promote low-cost and real-time settlement...

India considers offline functionality of CBDC: RBI

Business

Wahid Pessarlay

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8 March, 2023

India considers offline functionality of CBDC: RBI

Reserve Bank of India Executive Director Ajay Kumar Choudhary said that since the CBDC will have all features of physical...

China’s digital yuan sees dismal adoption in Hong Kong

Business

Steve Kaaru

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7 March, 2023

China’s digital yuan sees dismal adoption in Hong Kong

Despite a renewed push by the Chinese central bank to woo users in Hong Kong, only 625 hard wallets were...

South Dakota amendment proposal prohibits use of digital currency as money

Business

Wahid Pessarlay

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7 March, 2023

South Dakota amendment proposal prohibits use of digital currency as money

If the proposed bill fulfills the legislative requirements, the amendments are expected to come into effect on July 1, 2024.

Reserve Bank of Australia explores CBDC use cases as it plans ‘live pilot’

Business

Wahid Pessarlay

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5 March, 2023

Reserve Bank of Australia explores CBDC use cases as it plans ‘live pilot’

Australia and New Zealand (ANZ) bank and the Commonwealth Bank will handle nature-based asset trading of the CBDC pilot, while...

Digital pound presents new payment frontier, but UK doesn’t have CBDC expertise yet: BoE

Business

Steve Kaaru

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4 March, 2023

Digital pound presents new payment frontier, but UK doesn’t have CBDC expertise yet: BoE

Bank of England Deputy Gov. Jon Cunliffe told lawmakers a digital pound would make it easier for U.K. residents to...

Bank of Canada experiments with offline CBDC payments

Business

Wahid Pessarlay

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4 March, 2023

Bank of Canada experiments with offline CBDC payments

Bank of Canada claims that an offline central bank digital currency will allow users to transfer digital Canadian dollars without...

Reserve Bank of India: CBDC will not replace other payment methods despite initial successes

Business

Wahid Pessarlay

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3 March, 2023

Reserve Bank of India: CBDC will not replace other payment methods despite initial successes

RBI's Deputy Governor Rabi Sankar assured that existing payment services in India will remain and that exploring use cases of...

Jordan moves closer to retail CBDC launch with assistance from IMF

Business

Wahid Pessarlay

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2 March, 2023

Jordan moves closer to retail CBDC launch with assistance from IMF

While Jordan's retail payment space is flourishing, the IMF says various barriers prevent customers from using digital payments, and launching...

Nigeria’s central bank on hunt for new tech partners in bid to fix ‘broken’ CBDC

Business

Wahid Pessarlay

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24 February, 2023

Nigeria’s central bank on hunt for new tech partners in bid to fix ‘broken’ CBDC

To salvage its ailing central bank digital currency project, the Central Bank of Nigeria seeks new partnerships to help innovate...

Bank of Russia to pilot digital ruble with real transactions in April

Business

Wahid Pessarlay

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24 February, 2023

Bank of Russia to pilot digital ruble with real transactions in April

For the first time, Russia will move ahead with its central bank digital currency pilot program involving 13 banks and...

BSV’s low transaction fees make it enterprises’ only blockchain option

Business

Steven Stradbrooke

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23 February, 2023

BSV’s low transaction fees make it enterprises’ only blockchain option

Apart from its cost-effective system, BSV's boundless capacity is ideal for governments developing their CBDCs as it seeks to continue...

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