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Central Bank Digital Currency

Federal Reserve long-awaited CBDC report examines pros and cons of state-backed digital currency
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31 January, 2022

Federal Reserve long-awaited CBDC report examines pros and cons of state-backed digital currency

The Fed acknowledges the benefits that a CBDC can introduce to banking and payment settlement, as well as the obstacles...
Iran eyes CBDC pilot to decentralize resources
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25 January, 2022

Iran eyes CBDC pilot to decentralize resources

The Iranian central bank plans to begin a pilot for its CBDC soon, an executive has revealed, saying it will...
70% of Jamaicans will be using CBDC within five years, prime minister says
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21 January, 2022

70% of Jamaicans will be using CBDC within five years, prime minister says

Prime Minister Andrew Holness believes that the CBDC, expected to debut in Q1 2022, will reduce banking costs and boost...
Swiss central bank completes pilot for CBDC settlement with commercial banks
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20 January, 2022

Swiss central bank completes pilot for CBDC settlement with commercial banks

The Swiss bank partnered with the BIS, SIX stock exchange and five commercial banks, including UBS, Citi, and Credit Suisse,...
India’s central bank sets up fintech department to oversee CBDC development
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13 January, 2022

India’s central bank sets up fintech department to oversee CBDC development

The department will promote innovation and aid policy interventions by the central bank while also overseeing the advancement of a...
More investments in digital assets expected as German legislation encourages interest from DACH investment funds
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7 January, 2022

More investments in digital assets expected as German legislation encourages interest from DACH investment funds

Scientists from MINDSMITH, OnGrid System, DEKIS, and Tiger.Trade carried out a study regarding investment funds, digital assets, and DeFi solutions,...
Bank of Jamaica completes CBDC pilot, schedules Q1 2022 national rollout
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6 January, 2022

Bank of Jamaica completes CBDC pilot, schedules Q1 2022 national rollout

The Bank of Jamaica first announced it was testing a prototype of the Jamaican dollar and kicked off the pilot...
China’s digital yuan wallet launches on app stores for 11 select cities
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6 January, 2022

China’s digital yuan wallet launches on app stores for 11 select cities

The wallet is available for users in Shenzhen, Shanghai, Chengdu, Qingdao, Suzhou and six other cities, as well as those...
Mexico to launch gov’t-backed digital currency by 2024
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5 January, 2022

Mexico to launch gov’t-backed digital currency by 2024

The Mexican government tweeted that the Bank of Mexico intends to have a digital peso in circulation by 2024 as...
India should go for basic version of its CBDC for now, central bank says
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3 January, 2022

India should go for basic version of its CBDC for now, central bank says

A basic form of a digital rupee would provide a safe, robust, and convenient alternative to cash in liquidity and...
2021 year in review: Bitcoin comes of age in Africa
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31 December, 2021

2021 year in review: Bitcoin comes of age in Africa

2021 had it all in Africa for digital currencies—adoption soared by 1,200% as Kenya led global P2P trades, but there...
Thailand to delay digital currency testing to late 2022
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29 December, 2021

Thailand to delay digital currency testing to late 2022

The initial testing of Thailand’s central bank digital currency, initially set for Q2 in 2022, will be pushed to later...