Central Bank Digital Currency Archives

Israel proposes for digital shekel to bear interest

Business

Steve Kaaru

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15 March, 2024

Israel proposes for digital shekel to bear interest

The Bank of Israel published a CBDC paper, which outlines a system in which CBDC wallets aren’t linked to banks...

Nigeria’s central bank partners with blockchain firm to spark eNaira adoption

Business

Steve Kaaru

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14 March, 2024

Nigeria’s central bank partners with blockchain firm to spark eNaira adoption

The Central Bank of Nigeria has signed an MoU with Gluwa to integrate the startup’s blockchain-powered credit technology into the...

Hong Kong to trial wholesale CBDC in interbank settlements

Business

Wahid Pessarlay

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13 March, 2024

Hong Kong to trial wholesale CBDC in interbank settlements

The HKMA's CBDC project supporting tokenization will center on innovative infrastructure for interbank settlement, with aid from banking institutions, the...

The Philippines CBDC pilot expected to be completed by end of 2024

Business

Jenny Ortiz-Bolivar

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12 March, 2024

The Philippines CBDC pilot expected to be completed by end of 2024

Wholesale CBDC Project Agila is on track to be completed by the end of 2024, with the BSP looking to...

Attitudes to CBDCs differ widely from country to country, surveys show

Business

Gavin Lucas

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12 March, 2024

Attitudes to CBDCs differ widely from country to country, surveys show

A recent poll shows that support for CBDCs is stronger in emerging markets than in nations with solid values around...

A sneak peek at London Blockchain Conference 2024

Events

Gavin Lucas

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11 March, 2024

A sneak peek at London Blockchain Conference 2024

If you’re interested in blockchain utility, there’s no other place to be but at the London Blockchain Conference 2024 to...

Bahamas’ Sand Dollar attracted 0.5% of cash in circulation 3 years on: official

Business

Steve Kaaru

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11 March, 2024

Bahamas’ Sand Dollar attracted 0.5% of cash in circulation 3 years on: official

Bahamians have been willing to explore the CBDC, with 120,000 of the island’s 400,000 opening accounts, but they have only...

BRICS eye stifling US dollar influence with blockchain-based payment system

Business

Wahid Pessarlay

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9 March, 2024

BRICS eye stifling US dollar influence with blockchain-based payment system

Russia is reportedly banking on the planned blockchain-based payment system to reduce the U.S. dollar's global influence, seeking help from...

Russia’s CBDC pilot hits 25,000 transaction mark

Business

Wahid Pessarlay

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8 March, 2024

Russia’s CBDC pilot hits 25,000 transaction mark

Seven months after its introduction, Russia's digital ruble pilot has recorded 25,000 transactions, with the upcoming project with fellow BRICS...

Reserve Bank of India gives no specific timeline for ‘full-fledged’ e-rupee launch

Business

Pradipta Mukherjee

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7 March, 2024

Reserve Bank of India gives no specific timeline for ‘full-fledged’ e-rupee launch

It will take quite some time before India sees the "full-fledged" launch of its CBDC as the RBI insists on...

Hong Kong to launch stablecoin sandbox in Web3 push

Business

Steve Kaaru

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7 March, 2024

Hong Kong to launch stablecoin sandbox in Web3 push

Hong Kong’s budget revealed the city is expanding its digital yuan pilot testing to allow residents to top up e-CNY...

Business

Steve Kaaru

-

6 March, 2024

China warns against fake CBDC app

Scammers are reportedly using fake apps to trick Chinese digital yuan users with promises of dividends before wiping the victims’...

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