Central Bank Digital Currency Archives

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1 March, 2024

Anti-CBDC bill introduced in US Senate

The five senators, led by Senator Ted Cruz, claim that a digital dollar is the Biden administration’s attempt to illegally...

Turkey’s two-tier CBDC to support programmable payments

Business

Steve Kaaru

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1 March, 2024

Turkey’s two-tier CBDC to support programmable payments

The digital lira will also focus on user privacy and only support one account per user, accessible through all intermediary...

EU Parliamentary Committee votes in favor of ‘digital euro’ CBDC

Business

James Field

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20 February, 2024

EU Parliamentary Committee votes in favor of ‘digital euro’ CBDC

EU inches closer to having a CBDC after 48 LIBE members voted in favor of the digital euro, but it...

UK’s digital pound faces trust concerns and political opposition

Business

Steve Kaaru

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19 February, 2024

UK’s digital pound faces trust concerns and political opposition

As the U.K. edges closer to a general election, the digital pound is becoming a contentious political issue amid mounting...

Lugano settles second digital bond using wholesale CBDCs

Business

Wahid Pessarlay

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18 February, 2024

Lugano settles second digital bond using wholesale CBDCs

Valued at $114 million, Lugano's native digital bond will rely on Switzerland's experimental central bank digital currency for settlements.

Bank of Canada: CBDC with nationwide service locations will slice 12% of bank deposits

Business

Steve Kaaru

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15 February, 2024

Bank of Canada: CBDC with nationwide service locations will slice 12% of bank deposits

The central bank dismissed fears that a CBDC would disintermediate banks as the extra services they offer, like mortgages and...

Philippines eyes wholesale CBDC in 2 years; retail version out of the picture

Business

Jenny Ortiz-Bolivar

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14 February, 2024

Philippines eyes wholesale CBDC in 2 years; retail version out of the picture

The Philippine central bank said it would not develop a retail central bank digital currency, and the wholesale CBDC will...

India expands CBDC project; plans programmability, offline use

Business

Pradipta Mukherjee

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14 February, 2024

India expands CBDC project; plans programmability, offline use

In its monetary policy statement of 2024, the Reserve Bank of India revealed that it is looking to enable additional...

Bank of Russia eyes direct support line for retail CBDC users

Business

Wahid Pessarlay

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9 February, 2024

Bank of Russia eyes direct support line for retail CBDC users

Since mid-2023, the Bank of Russia has been experimenting with its central bank digital currency, the digital ruble, and a...

South Dakota joins Florida, Indiana in passing anti-CBDC bill

Business

Steve Kaaru

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8 February, 2024

South Dakota joins Florida, Indiana in passing anti-CBDC bill

South Dakota’s state Senate passed the bill recently, barring a digital dollar from being defined as money in its UCC,...

Bank of Russia onboards more commercial banks for digital ruble pilot

Business

Wahid Pessarlay

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6 February, 2024

Bank of Russia onboards more commercial banks for digital ruble pilot

Russia’s CBDC pilot is expected to will gather a larger pool of merchants and participants following the onboarding of over...

UAE records first digital dirham transaction via mBridge CBDC

Business

Wahid Pessarlay

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4 February, 2024

UAE records first digital dirham transaction via mBridge CBDC

The Central Bank of the United Arab Emirates initiated a 50 million dirham ($13.6 million) transfer to China at the...

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