Central Bank Digital Currency Archives

Nicolas Maduro promises digital currency ‘surprise’ for Venezuela

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2 March, 2021

Nicolas Maduro promises digital currency ‘surprise’ for Venezuela

President Nicolas Maduro recently told Venezuelans that his government is working on a digital bolivar, promising a big surprise announcement...

Federal Reserve: 2021 is the year we will engage the public on digital dollar

Business

Steve Kaaru

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1 March, 2021

Federal Reserve: 2021 is the year we will engage the public on digital dollar

Jerome Powell has in the past remained tightlipped on the central bank digital currency, urging caution and claiming the Federal...

China joins Hong Kong and Thailand in CBDC research project

Business

Steve Kaaru

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27 February, 2021

China joins Hong Kong and Thailand in CBDC research project

China and the United Arab Emirates have joined a research initiative that studies the feasibility of a central bank digital...

Sweden extends central bank digital currency trial for another year

Business

Ed Drake

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21 February, 2021

Sweden extends central bank digital currency trial for another year

A trial of Sweden’s e-krona will be extended for another year to 2021, in a bid to better understand the...

Bahamas launches the first digital currency-linked debit card

Business

Steve Kaaru

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20 February, 2021

Bahamas launches the first digital currency-linked debit card

The Bahamas launched the Sand Dollar as it sought to insulate its financial system against the constant disruptions that occur...

Russian mobile networks plan wallet and payment services for digital ruble

Business

Ed Drake

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19 February, 2021

Russian mobile networks plan wallet and payment services for digital ruble

Mobile networks Beeline and Megafon are reported to be considering supporting services for an eventual central bank digital currency.

ECB exec proposes penalty for hoarding digital euro

Business

Steve Kaaru

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18 February, 2021

ECB exec proposes penalty for hoarding digital euro

Fabio Panetta wants a €3,000 threshold for digital euro users to hold, beyond which they would incur a penalty, such...

Bank of Canada: Coronavirus could accelerate central bank digital currency

Business

Ed Drake

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16 February, 2021

Bank of Canada: Coronavirus could accelerate central bank digital currency

The Bank of Canada said the global health crisis had hastened the urgency of the development of its state-backed digital...

Investors to get reprieve as India gears up for total ban on digital currencies: report

Business

Steve Kaaru

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15 February, 2021

Investors to get reprieve as India gears up for total ban on digital currencies: report

The ban will reportedly be enforced in phases, giving digital currency owners the opportunity to sell all their holdings.

Bank of Korea: Treat CBDCs as fiat, not virtual assets

Business

Ed Drake

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13 February, 2021

Bank of Korea: Treat CBDCs as fiat, not virtual assets

The Bank of Korea has said central bank digital currencies are not virtual assets, but an alternative form of fiat...

Digital yuan rolls on as new tests announced in China

Business

Ed Drake

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12 February, 2021

Digital yuan rolls on as new tests announced in China

China’s plans for a central bank digital currency have taken further steps forward, with the roll out of fresh real-world...

India proposes banning Bitcoin and developing a digital rupee

Business

Steve Kaaru

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4 February, 2021

India proposes banning Bitcoin and developing a digital rupee

India’s digital currency industry faces an uncertain future, with a proposed draft bill threatening to impose a blanket ban on...

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