Central Bank Digital Currency Archives

Iran to launch a pilot version of its CBDC towards end of August

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1 July, 2022

Iran to launch a pilot version of its CBDC towards end of August

Central Bank of Iran governor stated that its crypto rial will be different from current digital currencies and has been...

Russia exploring CBDC for settlements of real estate deals

Business

Wahid Pessarlay

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30 June, 2022

Russia exploring CBDC for settlements of real estate deals

Testing state-backed digital currency for real estate settlements is already ongoing, along with testing for use in making regular payments...

Qatar Central Bank governor: Qatar is in ‘foundation stage’ of CBDC exploration

Business

Wahid Pessarlay

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28 June, 2022

Qatar Central Bank governor: Qatar is in ‘foundation stage’ of CBDC exploration

The QCB chief also commented on Qatar's plans for blockchain technology and digital currencies, noting that blockchain has the potential...

BIS: Innovation Hub’s experiments show CBDCs are the future of cross-border payments

Business

Wahid Pessarlay

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27 June, 2022

BIS: Innovation Hub’s experiments show CBDCs are the future of cross-border payments

In a research report, the BISIH highlighted results achieved from four recent cross-border multiple CBDC platform pilot projects the BIS...

Japan’s Soramitsu to conduct CBDC feasibility study for the Philippines and Vietnam

Business

Wahid Pessarlay

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24 June, 2022

Japan’s Soramitsu to conduct CBDC feasibility study for the Philippines and Vietnam

According to Nikkei, the two countries are revamping their CBDCs efforts in response to the growing popularity of Chinese payments...

Philippines: Bangko Sentral ng Pilipinas pushing through with CBDC experiment

Interviews

Claire Celdran

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22 June, 2022

Philippines: Bangko Sentral ng Pilipinas pushing through with CBDC experiment

A management team has been put to take on the initiative, with Deputy Gov. Mamerto Tangonan as project lead, Edna...

Israel central bank teams up with Hong Kong to test retail digital currency

Business

Steve Kaaru

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21 June, 2022

Israel central bank teams up with Hong Kong to test retail digital currency

Bank of Israel partnered with the Hong Kong Monetary Authority and the Bank for International Settlements to test the feasibility...

Digital euro issuance would be capped at €1.5T, ECB’s Fabio Panetta says

Business

Steve Kaaru

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20 June, 2022

Digital euro issuance would be capped at €1.5T, ECB’s Fabio Panetta says

Fabio Panetta says that this would limit the risk of disintermediation of the banking system should the majority of people...

Nigeria’s eNaira now available via USSD to boost adoption and financial inclusion

Business

Steve Kaaru

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19 June, 2022

Nigeria’s eNaira now available via USSD to boost adoption and financial inclusion

The central bank believes that making the eNaira available to feature phone users will boost uptake, although some are skeptical...

Bangladesh exploring CBDC as an alternative to ‘risky’ private digital currencies

Business

Wahid Pessarlay

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19 June, 2022

Bangladesh exploring CBDC as an alternative to ‘risky’ private digital currencies

Minister of Finance AHM Mustafa Kamal revealed that the primary purpose of the CBDC will be to facilitate virtual transactions...

Reserve Bank of India deputy gov confirms 2023 launch for CBDC

Business

Wahid Pessarlay

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15 June, 2022

Reserve Bank of India deputy gov confirms 2023 launch for CBDC

T. Rabi Sankar's statement echoes the RBI's revelation in its annual report released earlier this month, where it said it...

Reserve Bank of India deputy gov tells IMF: CBDCs can kill digital currencies

Business

Wahid Pessarlay

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12 June, 2022

Reserve Bank of India deputy gov tells IMF: CBDCs can kill digital currencies

Speaking at a webinar series organized by the IMF, RBI Deputy Governor T. Rabi Sankar stated that the Indian central...

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