Central Bank Digital Currency Archives

Chinese municipal bank issues first digital yuan loan holding IP as collateral

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9 August, 2022

Chinese municipal bank issues first digital yuan loan holding IP as collateral

The Rural Commerce Bank of Zhangjiagang, located in China's Suzhou province, has issued the first-ever digital yuan loan backed by...

What role will CBDCs and stablecoins play in the future financial systems?

Events

Jon Southurst

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28 July, 2022

What role will CBDCs and stablecoins play in the future financial systems?

Stablecoins, CBDCs, and blockchain protocols were among the topics discussed in the "Banking Unblockchained?" webinar hosted by the Polish Blockchain...

Bank Indonesia’s governor says wholesale CBDC design ready by end of 2022: report

Business

Wahid Pessarlay

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27 July, 2022

Bank Indonesia’s governor says wholesale CBDC design ready by end of 2022: report

Bank Indonesia is currently working on improving the cybersecurity features of the digital rupiah and exploring its cross-border interoperability with...

Central Africa’s regional bank urged to issue a common digital currency for its members: report

Business

Wahid Pessarlay

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27 July, 2022

Central Africa’s regional bank urged to issue a common digital currency for its members: report

If the move is implemented, the nations collectively known as CEMAC will be the first to introduce a regional digital...

Reserve Bank of India: Phased retail and wholesale CBDC implementation still in the works

Business

Wahid Pessarlay

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26 July, 2022

Reserve Bank of India: Phased retail and wholesale CBDC implementation still in the works

Ajay Kumar Choudhary stated that the RBI would leverage the Union Budget 2022-23 that gives legal backing to the CBDC...

G20 central bank officials: Regulated digital currencies better than CBDCs

Business

Wahid Pessarlay

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21 July, 2022

G20 central bank officials: Regulated digital currencies better than CBDCs

Australian central bank governor Philip Lowe stated that the private sector has proven to be better than central banks at...

PBoC to onboard more provinces and cities to China’s CBDC platform

Business

Wahid Pessarlay

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19 July, 2022

PBoC to onboard more provinces and cities to China’s CBDC platform

Lan Zhou noted that the CBDC had an impressive level of adoption across the test sites—citing that as of May,...

South Korea to start real-world testing of CBDC with 10 commercial banks: report

Business

Wahid Pessarlay

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18 July, 2022

South Korea to start real-world testing of CBDC with 10 commercial banks: report

The Bank of Korea has invited at least ten commercial banks, including Shinhan Bank and NH Nonghyup Bank, to be...

Russia’s central bank opposes ‘overly risky’ private stablecoins

Business

Steve Kaaru

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16 July, 2022

Russia’s central bank opposes ‘overly risky’ private stablecoins

The Bank of Russia says that stablecoins are risky because the underlying pool of assets doesn’t belong to the user,...

BIS: CBDCs could solve cross border friction, but interoperability still major challenge

Business

Steve Kaaru

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16 July, 2022

BIS: CBDCs could solve cross border friction, but interoperability still major challenge

BIS and IMF say that using CBDCs could solve many challenges with cross-border movement of funds, but question whether central...

Cambodia rolls out unified QR code support for Bakong payment system

Business

Wahid Pessarlay

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13 July, 2022

Cambodia rolls out unified QR code support for Bakong payment system

The feature allows merchants to accept mobile payments from any payment service provider using a QR code supported by the...

Taiwan’s central bank outlines conditions for second stage of CBDC development

Business

Wahid Pessarlay

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5 July, 2022

Taiwan’s central bank outlines conditions for second stage of CBDC development

As revealed by Chin-long, the central bank is exploring how to scale the system's operational performance and the feasibility of...

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