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Central Bank Digital Currency

South Korea central bank to begin testing digital currency in 2021
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12 October, 2020

South Korea central bank to begin testing digital currency in 2021

The Bank of Korea will begin pilot transactions in 2021 to determine the feasibility of rolling out a digital currency...
Estonia launches CBDC research after delisting 500 digital currency firms
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8 October, 2020

Estonia launches CBDC research after delisting 500 digital currency firms

The Estonian central bank has launched a multi-year research project into the viability of a central bank digital currency.
Over $160 million sent and received via China’s DC/EP
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6 October, 2020

Over $160 million sent and received via China’s DC/EP

The People’s Bank of China’s (PBOC) deputy governor Fan YiFei says that China’s central bank digital currency (CBDC), the DC/EP,

European Central Bank digital euro report: ‘We should be prepared to issue’
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5 October, 2020

European Central Bank digital euro report: ‘We should be prepared to issue’

The report suggests that the bank would be open to considering both centralized and decentralized models for the digital currency.
Reserve Bank of Australia: ‘No need’ for Aussie CBDC
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22 September, 2020

Reserve Bank of Australia: ‘No need’ for Aussie CBDC

The Reserve Bank of Australia is reportedly skeptical of the benefits of CBDCs, and is also concerned about private stablecoins.
Bank of International Settlements hiring blockchain expert for digital currency
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21 September, 2020

Bank of International Settlements hiring blockchain expert for digital currency

BIS job ad suggests the organization is preparing to accelerate work on researching and developing central bank digital currencies.
Bahamas to launch Sand Dollar digital currency in October
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19 September, 2020

Bahamas to launch Sand Dollar digital currency in October

The Bahamas, a country of 400,000 people, has been pilot testing its digital currency—the Sand Dollar—since December 2019.
CBDCs to replace fiat in at least 3 countries by 2030: report
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11 September, 2020

CBDCs to replace fiat in at least 3 countries by 2030: report

Dutch group dGen notes at least 3-5 countries would have their own central bank digital currencies in place by the...
Mastercard launches CBDC test platform
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9 September, 2020

Mastercard launches CBDC test platform

Mastercard has launched a central bank digital currency (CBDC) test platform.  “The platform enables the simulation of issuance, distribution, and

Brazil targeting a 2022 launch for its CBDC
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8 September, 2020

Brazil targeting a 2022 launch for its CBDC

The CBDC will be part of the plan to digitize Brazil’s payment system, including launching an instant payments system and...
Bermuda launches stimulus token, but no plans for CBDC
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5 September, 2020

Bermuda launches stimulus token, but no plans for CBDC

Bermuda has launched a digital token to stimulate the local economy following the COVID-19 pandemic.
South Korea central bank seeks partner to build its CBDC architecture
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3 September, 2020

South Korea central bank seeks partner to build its CBDC architecture

Bank of Korea is looking for a firm to partner with on the CBDC’s second phase which involves building the...