Central Bank Digital Currency Archives

India presses ahead with CBDC pilot run on wholesale business

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25 August, 2022

India presses ahead with CBDC pilot run on wholesale business

The adoption of CBDCs in India will be conducted in phases on FY 2022-2023, beginning with wholesale businesses, as the...

eNaira hits $10M in transactions as Nigeria central bank targets 10-fold growth

Business

Steve Kaaru

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24 August, 2022

eNaira hits $10M in transactions as Nigeria central bank targets 10-fold growth

The eNaira adoption has been lackluster, with the total transaction volume over the past year being just a fraction of...

Australia to carry out token mapping ahead of digital assets consultation

Business

Wahid Pessarlay

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24 August, 2022

Australia to carry out token mapping ahead of digital assets consultation

Australia is seeking to regulate its digital assets market through token mapping in a bid to protect consumers and reduce...

Consortium to carry out first private digital sterling initiative in UK

Business

Wahid Pessarlay

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23 August, 2022

Consortium to carry out first private digital sterling initiative in UK

The United Kingdom will become a testbed for the adoption of the first privately-led digital sterling program, paving the way...

FedNow is a better alternative to a CBDC, Federal Reserve governor says

Business

Steve Kaaru

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22 August, 2022

FedNow is a better alternative to a CBDC, Federal Reserve governor says

Governor Michelle Bowman says that FedNow will address the issues that many Fedcoin fans have raised, reiterating her long-held anti-CBDC...

CBDCs key to maintaining monetary system in digital age: ECB research

Business

Wahid Pessarlay

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22 August, 2022

CBDCs key to maintaining monetary system in digital age: ECB research

Despite disadvantages, consumers are willing to adopt CBDCs in exchange for small rewards, according to an ECB paper, which also...

China: Bank testing e-CNY smart contract-enabled school fee payment in Sichuan

Business

Wahid Pessarlay

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21 August, 2022

China: Bank testing e-CNY smart contract-enabled school fee payment in Sichuan

The product is coming first to the city of Chengdu and will be developed by the Digital Research Institute, the...

Colombia eyes central bank digital currency adoption to fight tax evasion

Business

Wahid Pessarlay

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20 August, 2022

Colombia eyes central bank digital currency adoption to fight tax evasion

Colombia is ramping up its fight against tax evasion with a plan to set up a digital bank currency. The...

Zimbabwe central bank invites public comments on CBDC

Business

Wahid Pessarlay

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18 August, 2022

Zimbabwe central bank invites public comments on CBDC

The CBDC is one of the measures the central bank is looking to utilize in tightening monetary policy to "sustainably...

Australia’s CBDC research to include 1-year ‘limited scale’ pilot for digital currency

Business

Wahid Pessarlay

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15 August, 2022

Australia’s CBDC research to include 1-year ‘limited scale’ pilot for digital currency

The Reserve Bank of Australia said the project would essentially evaluate the economic benefits and risks of launching a central...

Nepal central bank working on policy amendment for CBDC issuance

Business

Wahid Pessarlay

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11 August, 2022

Nepal central bank working on policy amendment for CBDC issuance

Revati Nepal, chief of the currency management department at the NRB, said that the draft bill would be forwarded to...

Thailand to begin pilot testing real-world applications of its CBDC by end of 2022

Business

Wahid Pessarlay

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10 August, 2022

Thailand to begin pilot testing real-world applications of its CBDC by end of 2022

The Bank of Thailand says this next phase will be a pilot phase focused on testing "real-life applications of Retail...

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