Central Bank Digital Currency Archives

New Zealand to explore CBDC, integrating digital currencies and stablecoins

Business

Steve Kaaru

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9 July, 2021

New Zealand to explore CBDC, integrating digital currencies and stablecoins

The Reserve Bank of New Zealand will be consulting the public on how a CBDC can work alongside cash, as...

Vietnam’s PM asks central bank to explore CBDC based on blockchain

Business

Steve Kaaru

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7 July, 2021

Vietnam’s PM asks central bank to explore CBDC based on blockchain

The prime minister has been pushing for e-governance as he seeks to make Vietnam’s government an efficient digital one, putting...

Business

Gavin Lucas

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5 July, 2021

Spain proposes new digital euro

Spain’s ruling Spanish Socialist Party (PSOE) has proposed the creation of a research group to examine how a digital euro...

Singapore central bank launches global challenge for retail CBDC solutions

Business

David Abel

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4 July, 2021

Singapore central bank launches global challenge for retail CBDC solutions

The Global CBDC Challenge focuses on enhancing the effectiveness of payment and stimulating financial inclusion through the discovery of innovative...

China rolls out digital yuan for subway payments in Beijing, Suzhou

Business

Ed Drake

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3 July, 2021

China rolls out digital yuan for subway payments in Beijing, Suzhou

The municipal government of Beijing announced that users of the Industrial and Commercial Bank of China digital app would be...

Nigeria CBDC already in development with plans for pilot testing in 2021: report

Business

Steve Kaaru

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26 June, 2021

Nigeria CBDC already in development with plans for pilot testing in 2021: report

The West African country has been cracking down on digital currencies for months, but according to one report, it has...

Bank of Israel official confirms digital shekel plans

Business

Ed Drake

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25 June, 2021

Bank of Israel official confirms digital shekel plans

Andrew Abir said the bank had begun piloting the digital currency, though was keen to downplay suggestions that a wider...

French central bank trials CBDC-based securities settlement

Business

Steve Kaaru

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24 June, 2021

French central bank trials CBDC-based securities settlement

The trial involved using the CBDC to simulate the settlement of listed securities in a test environment. Banque de France...

Bank of Ghana working towards issuing first state-backed digital currency

Business

David Abel

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15 June, 2021

Bank of Ghana working towards issuing first state-backed digital currency

Central bank governor Dr. Ernest Addison confirmed that the digital cedi project is now “in the advanced stages,” noting there...

Hong Kong to study retail CBDC as it links China’s digital yuan to domestic payments

Business

Steve Kaaru

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11 June, 2021

Hong Kong to study retail CBDC as it links China’s digital yuan to domestic payments

While announcing a roadmap that seeks to strengthen the region’s fintech sector, the HKMA revealed it has been collaborating with...

China giving away $6 million in Beijing digital yuan test

Business

Steve Kaaru

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7 June, 2021

China giving away $6 million in Beijing digital yuan test

The Beijing Local Financial Supervision and Administration Bureau plans to give away 200 red envelopes to local residents, with each...

Sweden central bank partners with local bank for CBDC trial

Business

Steve Kaaru

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3 June, 2021

Sweden central bank partners with local bank for CBDC trial

Handelsbanken, considered to be one of the oldest and largest banks in Sweden, has emerged as the first participant in...

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