Central Bank Digital Currency Archives

Russia on track to launch digital ruble pilot phase by 2023

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26 April, 2022

Russia on track to launch digital ruble pilot phase by 2023

Central Bank of Russia President Elvira Nabiullina revealed that by 2023, the digital ruble would be launched on a pilot...

European Commission receives 10,000+ comments on digital euro, most in opposition

Business

Steve Kaaru

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24 April, 2022

European Commission receives 10,000+ comments on digital euro, most in opposition

The comment period has been open for just two weeks, but the comments have been piling up, with Germans dominating...

Iranian central bank to launch its crypto-rial CBDC

Business

Steve Kaaru

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19 April, 2022

Iranian central bank to launch its crypto-rial CBDC

The Central Bank of Iran has notified commercial banks that it intends to launch the state bank-backed digital currency soon,...

South Africa completes second phase of wholesale CBDC trials

Business

Steve Kaaru

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16 April, 2022

South Africa completes second phase of wholesale CBDC trials

Project Khokha 2 involved the country’s top banks, which experimented on a wCBDC for interbank payments settlement, but SARB says...

European Commission launches consultation on digital euro

Business

Steve Kaaru

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15 April, 2022

European Commission launches consultation on digital euro

The commission wants to hear from finance specialists on their needs and expectations for a digital euro, its role in...

China doubles digital yuan pilots as it targets upcoming Asian Games

Business

Steve Kaaru

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12 April, 2022

China doubles digital yuan pilots as it targets upcoming Asian Games

China’s central bank plans to expand the pilot to Xiamen, Fuzhou, Tianjin, and cities in Zhejiang province, which will be...

PwC: More than 80% of central banks have considered launching CBDC

Business

Steve Kaaru

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9 April, 2022

PwC: More than 80% of central banks have considered launching CBDC

The PwC Global CBDC Index placed Nigeria and the Bahamas at the top of the retail CBDC developments, with Thailand...

Kyrgyzstan MP: We must regulate digital currencies and develop a CBDC

Business

Steve Kaaru

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5 April, 2022

Kyrgyzstan MP: We must regulate digital currencies and develop a CBDC

The MP told parliament that “nothing is growing as fast as cryptocurrency” and the government must regulate them to make...

Central Bank of Kenya: State-backed digital currency won’t solve all financial challenges

Business

Steve Kaaru

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2 April, 2022

Central Bank of Kenya: State-backed digital currency won’t solve all financial challenges

The CBK governor believes that central banks must address their financial challenges directly before launching a digital currency as it...

Bank of Japan begins second phase of CBDC testing

Business

Steve Kaaru

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1 April, 2022

Bank of Japan begins second phase of CBDC testing

The BOJ completed the first phase, which started in April last year, in which it focused on the basic functions...

Bank of England partners with MIT for 12-month CBDC research project

Business

Steve Kaaru

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31 March, 2022

Bank of England partners with MIT for 12-month CBDC research project

The BoE joins the U.S. Federal Reserve and the Bank of Canada, which has been working with MIT, but it...

BIS partners with Australia, Singapore on multi-CBDC platform pilot

Business

Steve Kaaru

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30 March, 2022

BIS partners with Australia, Singapore on multi-CBDC platform pilot

The Bank for International Settlements also partnered with South African and Malaysian central banks to develop the prototypes for an...

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