Central Bank Digital Currency Archives

CBDC anonymity will impact bank lending: Bank of Canada

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3 April, 2024

CBDC anonymity will impact bank lending: Bank of Canada

If the CBDC’s anonymity is sufficiently high, it will lure low-quality entrepreneurs as commercial banks cannot access their inflows, and...

SWIFT completes CBDC connector second trials

Business

Fred Baker

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29 March, 2024

SWIFT completes CBDC connector second trials

Participated by 38 institutions, results of the second trial of SWIFT's CBDC connector have been released, a project enabling CBDC...

Tokenization, CBDCs poised to increase Hong Kong’s GDP by $20.4 billion: study

Business

Wahid Pessarlay

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29 March, 2024

Tokenization, CBDCs poised to increase Hong Kong’s GDP by $20.4 billion: study

Experts forecast that Hong Kong could add $20.5 billion to its economy by 2032 as it ramps up CBDC and...

UAE CBDC strategy targets retail, wholesale applications

Business

Wahid Pessarlay

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28 March, 2024

UAE CBDC strategy targets retail, wholesale applications

Projected to run for 12 to 15 months, the UAE's Phase 1 CBDC strategy will include the limited launch of...

Hong Kong leverages blockchain in digitizing shipping sector, powering up CBDC trial

Business

Wahid Pessarlay

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28 March, 2024

Hong Kong leverages blockchain in digitizing shipping sector, powering up CBDC trial

GSBN, with help from Ant Group, is modernizing the shipping industry through eBL, a blockchain-powered prototype that tokenizes goods and...

China working on CBDC guide to make digital yuan more accessible to foreign users

Business

Wahid Pessarlay

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27 March, 2024

China working on CBDC guide to make digital yuan more accessible to foreign users

The People’s Bank of China—the country's central bank—and its Digital Currency Research Institute have published a guide for foreign tourists...

ECB announces seven new digital euro rulebook workstreams and calls for expert assistance

Business

James Field

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22 March, 2024

ECB announces seven new digital euro rulebook workstreams and calls for expert assistance

The ECB is establishing seven new ‘workstreams’ to develop the digital euro rulebook, and experts in payments infrastructure and architecture...

Jerome Powell denies having CBDC lab, study says ‘crypto’ won’t become money

Business

Steven Stradbrooke

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22 March, 2024

Jerome Powell denies having CBDC lab, study says ‘crypto’ won’t become money

U.S. Fed Chair Jerome Powell insists he's not plotting to unleash a CBDC, while a new study says concerns about...

Hong Kong begins CBDC pilot phase 2 to explore wider use cases

Business

Wahid Pessarlay

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21 March, 2024

Hong Kong begins CBDC pilot phase 2 to explore wider use cases

The new iteration of its CBDC, the e-HKD, intends to explore new use cases for the CBDC in retail and...

CBDC among Federal Reserve’s key duties on payment systems

Business

Steve Kaaru

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19 March, 2024

CBDC among Federal Reserve’s key duties on payment systems

A document prepared by the Federal Reserve for presentation to Congress reveals that a CBDC is one of the key...

Republicans alarmed by Fed’s CBDC plans; ‘crypto’ voters prefer Trump to Biden

Business

Steven Stradbrooke

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18 March, 2024

Republicans alarmed by Fed’s CBDC plans; ‘crypto’ voters prefer Trump to Biden

Republicans are sounding the alarm over the U.S. Federal Reserve’s CBDC plans, while ‘crypto’ voters prefer CBDC-opponent Donald Trump rather...

Brazil explores CBDC offline functionality ahead of mainstream launch

Business

Wahid Pessarlay

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18 March, 2024

Brazil explores CBDC offline functionality ahead of mainstream launch

Brazil's central bank follows other countries in exploring an offline payment solution for its CBDC as part of its effort...

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