Central Bank Digital Currency Archives

San Francisco federal bank seeks CBDC expert to assist with system development

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23 February, 2023

San Francisco federal bank seeks CBDC expert to assist with system development

Preparing for the possibility of a state-backed digital currency policy being implemented soon, the Federal Reserve Bank of San Francisco...

Bank of Japan set to launch CBDC pilot after 2 years of experiment

Business

Wahid Pessarlay

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22 February, 2023

Bank of Japan set to launch CBDC pilot after 2 years of experiment

The central bank digital currency pilot in April will center on testing technical areas not covered by the initial PoC...

UAE sets sights on CBDC launch to improve local, cross-border payment under new scheme

Business

Wahid Pessarlay

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16 February, 2023

UAE sets sights on CBDC launch to improve local, cross-border payment under new scheme

While other countries choose whether to focus on a retail CBDC instead of wholesale, the United Arab Emirates is seeking...

Business

Guest Contributor

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16 February, 2023

The Digital Dollar Project

The U.S. central bank digital currency—also known as the digital dollar—is not going to be a new kind of money,...

Indonesia’s central bank unveils wholesale CBDC consultation process

Business

Wahid Pessarlay

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13 February, 2023

Indonesia’s central bank unveils wholesale CBDC consultation process

Project Garuda's second phase will explore CBDC usage in the tokenization and settlement of securities transactions.

India in ‘no hurry’ for CBDC development despite notching huge milestones

Business

Wahid Pessarlay

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12 February, 2023

India in ‘no hurry’ for CBDC development despite notching huge milestones

India’s digital rupee pilot already had over 50,000 users and 5,000 merchants, but despite the impressive numbers, the Reserve Bank...

BIS developing new tool to monitor stablecoin balance sheets

Business

Steve Kaaru

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12 February, 2023

BIS developing new tool to monitor stablecoin balance sheets

Under Project Pyxtrial, the Bank for International Settlements is developing a tool for central banks to monitor stablecoins in a...

Russia’s Gazprombank suggests slowing down digital ruble launch fearing losses for commercial banks

Business

Wahid Pessarlay

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12 February, 2023

Russia’s Gazprombank suggests slowing down digital ruble launch fearing losses for commercial banks

The digital ruble has received heightened attention as the government intends to use it to circumvent economic sanctions imposed on...

Digital pound likely this decade, but don’t call it ‘Britcoin’

Business

Steve Kaaru

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11 February, 2023

Digital pound likely this decade, but don’t call it ‘Britcoin’

The U.K. Treasury and the central bank say that the digital pound would give the country a new digital payments...

Laos climbs aboard CBDC train via partnership with Japan’s Soramitsu

Business

Wahid Pessarlay

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10 February, 2023

Laos climbs aboard CBDC train via partnership with Japan’s Soramitsu

The proof-of-concept plan dubbed "Digital Lao Kip (DLak)" will explore the possibilities of a retail central bank digital currency existing...

Lunar New Year sees $26M in digital yuan given out to trigger CBDC adoption: report

Business

Wahid Pessarlay

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9 February, 2023

Lunar New Year sees $26M in digital yuan given out to trigger CBDC adoption: report

Regional Chinese governments have handed out over 180 million yuan ($26.5 million) during the Chinese Lunar New Year, aiming to...

India: Reliance Retail to accept CBDC payments soon—here’s all you need to know

Business

Anjali Kochhar

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8 February, 2023

India: Reliance Retail to accept CBDC payments soon—here’s all you need to know

V Subramaniam, Director of Reliance Retail, said that accepting digital currency at their stores aligns "with the company's strategic vision...

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