Central Bank Digital Currency Archives

Fed chair still undecided on dollar CBDC

Business

Ed Drake

-

28 September, 2021

Fed chair still undecided on dollar CBDC

The Federal Reserve is still weighing the advantages of a CBDC and is in no rush to reach a decision...

HSBC working with 8 countries in backing CBDCs

Business

Ed Drake

-

26 September, 2021

HSBC working with 8 countries in backing CBDCs

HSBC Group CEO Noel Quinn struck a positive note about CBDCs and how the technology could be used by governments...

Central bank digital currencies find traction in Central America

Business

David Abel

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23 September, 2021

Central bank digital currencies find traction in Central America

Following the bold steps of El Salvador, countries in Central America such as Honduras and Guatemala are looking into analyzing...

Turkey central bank turns to local tech sector for CBDC research

Business

Ed Drake

-

20 September, 2021

Turkey central bank turns to local tech sector for CBDC research

Three domestic partners were identified and invited to sign a memorandum of understanding with the bank, whose goal is to...

‘No guarantees’ on digital euro, ECB advisor says

Business

Ed Drake

-

18 September, 2021

‘No guarantees’ on digital euro, ECB advisor says

Jürgen Schaaf said the test phase is still in trial for the technology and banks would experiment with digital currency...

BIS wants central banks to move faster with CBDC amid looming stablecoin pressure

Business

Steve Kaaru

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17 September, 2021

BIS wants central banks to move faster with CBDC amid looming stablecoin pressure

The head of the Bank for International Settlements has asked central banks to step up their efforts with CBDCs as...

European Securities and Markets Authority brands digital currency ‘volatile’

Business

Ed Drake

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16 September, 2021

European Securities and Markets Authority brands digital currency ‘volatile’

The report views digital currency a trending innovation in finance, but also a threat to the sustainability of financial services...

Business

Steve Kaaru

-

10 September, 2021

JD.com partners with local bank for digital yuan giveaway

JD.com has teamed up with the Bank of Communications to give away $2.5 million in a lottery for the second...

Joint CBDC pilot unites Australia, Singapore, Malaysia and South Africa

Business

Ed Drake

-

7 September, 2021

Joint CBDC pilot unites Australia, Singapore, Malaysia and South Africa

The reserve banks in each country have teamed up to trial a new platform for enabling cross-border transfers denominated in...

Singapore shortlists 15 companies to help build retail CBDC

Business

David Abel

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5 September, 2021

Singapore shortlists 15 companies to help build retail CBDC

The Global CBDC Challenge was geared towards discovering and developing retail central bank digital currency solutions that will benefit the...

India eyes December start for central bank digital currency trials

Business

David Abel

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3 September, 2021

India eyes December start for central bank digital currency trials

The project will be the country's first digital currency trial initiative according to the 25th Governor of the Reserve Bank...

Nigeria’s central bank reveals CBDC guidelines and plans to launch digital wallet

Business

Steve Kaaru

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2 September, 2021

Nigeria’s central bank reveals CBDC guidelines and plans to launch digital wallet

The Central Bank of Nigeria plans to mint and issue the CBDC while commercial banks will be in charge of...

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