Central Bank Digital Currency Archives

Reserve Bank of India lists CBDC introduction as one of major initiatives for 2022-23

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1 June, 2022

Reserve Bank of India lists CBDC introduction as one of major initiatives for 2022-23

In its annual report published recently, the Reserve Bank of India proposed a three-stage "graded approach" to introduce a central...

ECB President Christine Lagarde slams digital currencies while backing CBDCs

Business

Wahid Pessarlay

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26 May, 2022

ECB President Christine Lagarde slams digital currencies while backing CBDCs

Christine Lagarde remarked that digital currencies are highly speculative and very risky assets, but backed that the central bank will...

Central Bank of Chile prolongs plans to issue CBDC

Business

Wahid Pessarlay

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16 May, 2022

Central Bank of Chile prolongs plans to issue CBDC

The BCC says it needs to gather more information and would be conducting a series of "seminars, presentations, and meetings...

IMF recommends Bahamas deepen CBDC education campaign

Business

Wahid Pessarlay

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14 May, 2022

IMF recommends Bahamas deepen CBDC education campaign

Bahamas' central bank digital currency currently makes up about 0.1% of the country's money supply, prompting the IMF to recommend...

Payments and blockchain technology—what’s happening right now?

Business

Gavin Lucas

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13 May, 2022

Payments and blockchain technology—what’s happening right now?

Here is a list of some interesting and disruptive developments related to payments and blockchain technology happening right now—take a...

Nigeria upgrades eNaira to widen payments scope

Business

Steve Kaaru

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13 May, 2022

Nigeria upgrades eNaira to widen payments scope

The Central Bank of Nigeria said the upgrade makes onboarding easier, makes the wallet faster, and allows users to create...

Bank of Israel remains unsure of CBDC even amid public support

Business

Wahid Pessarlay

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13 May, 2022

Bank of Israel remains unsure of CBDC even amid public support

The public said that a digital shekel would reduce reliance on cash and advance the fintech industry, but the BOI...

BIS survey: 9 in every 10 central banks exploring CBDCs

Business

Wahid Pessarlay

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12 May, 2022

BIS survey: 9 in every 10 central banks exploring CBDCs

90% of 81 central banks are at various stages of development of a digital currency, according to a recently published...

ECB publishes privacy options for its planned digital euro

Business

Wahid Pessarlay

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9 May, 2022

ECB publishes privacy options for its planned digital euro

The European Central Bank has published a report presenting the privacy options it is considering in the development of a...

Hong Kong central bank calls for public comments on its retail digital currency

Business

Wahid Pessarlay

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3 May, 2022

Hong Kong central bank calls for public comments on its retail digital currency

The HKMA has issued a discussion paper titled "e-HKD: A policy and design perspective," where it laid out the central...

China trials tax and charge payments with digital yuan

Business

Wahid Pessarlay

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3 May, 2022

China trials tax and charge payments with digital yuan

The country is now testing the digital yuan—e-CNY—for use in payments of tax, stamp duty, and social security premiums with...

Philippines central bank embarks on wholesale CBDC pilot project

Business

Wahid Pessarlay

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2 May, 2022

Philippines central bank embarks on wholesale CBDC pilot project

Central bank governor Benjamin Diokno said the wholesale CBDC may help the country address financial system problems like issues in...

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