Central Bank Digital Currency Archives

China’s Communist Party sets ambitious goals for the digital yuan in 2023

Business

Wahid Pessarlay

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8 February, 2023

China’s Communist Party sets ambitious goals for the digital yuan in 2023

Officials of the Chinese Communist Party (CCP) in Suzhou are eyeing a massive usage spike of the digital yuan in...

BIS invites applications for next phase of UK CBDC API project

Business

Steve Kaaru

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3 February, 2023

BIS invites applications for next phase of UK CBDC API project

The Bank for International Settlements has been working with the Bank of England on Project Rosalind and wants payment providers...

Simit Naik shares how nChain can aid the Philippines in its CBDC journey

Interviews

Ana Peligro

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2 February, 2023

Simit Naik shares how nChain can aid the Philippines in its CBDC journey

In this interview with CoinGeek Backstage, Simit Naik delves into how blockchain could support the Philippines’ plan to launch its...

UK on the hunt for CBDC lead as it ramps up digital pound efforts

Business

Steve Kaaru

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28 January, 2023

UK on the hunt for CBDC lead as it ramps up digital pound efforts

U.K. Treasury is looking for a Head of Central Bank Digital Currency who will lead its work on a potential...

Saudi Arabia’s central bank studying CBDC but mum on deployment date

Business

Wahid Pessarlay

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28 January, 2023

Saudi Arabia’s central bank studying CBDC but mum on deployment date

Saudi's central bank noted that the early stages of the state-backed digital currency experiments would involve reviewing the legal implications...

Israel, Sweden, Norway collaborate on retail CBDCs to offer instant cross-border transactions

Business

Wahid Pessarlay

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26 January, 2023

Israel, Sweden, Norway collaborate on retail CBDCs to offer instant cross-border transactions

Retail CBDCs could solve cross-border friction, but Yaron admitted that several challenges remain, including enforcing AML rules and possibly pushing...

Universal digital payments network for stablecoins and CBDCs unveiled at Davos

Business

Wahid Pessarlay

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26 January, 2023

Universal digital payments network for stablecoins and CBDCs unveiled at Davos

Policymakers in Davos for the World Economic Forum (WEF) seized the opportunity to launch a payment network designed to encourage...

East Africa to set up common central bank in its march toward single currency

Business

Steve Kaaru

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25 January, 2023

East Africa to set up common central bank in its march toward single currency

The decision on where to set up the East African Monetary Institute will be made this year, as the region...

China: Upgraded digital yuan now with smart contract function

Business

Wahid Pessarlay

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24 January, 2023

China: Upgraded digital yuan now with smart contract function

Digital yuan's smart contract functionality was integrated into the food delivery app Meituan, allowing users of the digital yuan to...

UK Lords: Broader regulation is needed to govern Bitcoin and digital currencies

Business

Gavin Lucas

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21 January, 2023

UK Lords: Broader regulation is needed to govern Bitcoin and digital currencies

After its second reading of the Financial Services and Markets Bill, members of the British House of Lords have voiced...

China’s digital yuan deployed in securities trade for the first time

Business

Wahid Pessarlay

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20 January, 2023

China’s digital yuan deployed in securities trade for the first time

Soochow Securities has become the first Chinese firm to use the digital yuan in securities trading and providing technical and...

Tanzania opts for ‘cautious’ approach in its CBDC development

Business

Wahid Pessarlay

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19 January, 2023

Tanzania opts for ‘cautious’ approach in its CBDC development

Bank of Tanzania stated that while CBDCs offer myriad benefits, there are still major pitfalls that could adversely affect the...

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