6 / 25 Relevant items tagged with #CBDC

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China and UAE Praise Potential Role of CBDCs in Cross-Border Trade

[Jun 2, 2024 11:10 PM] China and the United Arab Emirates (UAE) have acknowledged the crucial role of central bank digital currency (CBDC) in facilitating cross-border trade and investment. In a joint statement, the two countries expressed their commitment to deepening…

Bank of Israel Launches Digital Shekel Challenge

[May 28, 2024 10:21 PM] The Bank of Israel has announced the Digital Shekel Challenge, inviting various entities — private companies, public sector organizations, and academic institutions — to participate in the digital shekel’s experimental environment. The…

Hong Kong digital yuan pilot lacks P2P capabilities

[May 17, 2024 4:09 AM] While Hong Kong residents can sign up for a digital yuan wallet with a phone number, the CBDC is currently restricted to cross-border transactions and cannot be used for person-to-person transfers within Hong Kong.

New Zealand Starts Digital Cash Consultation

[Apr 18, 2024 3:41 AM] The consultation paper asked New Zealand citizens to respond on the digital cash design, whether or not interest should be paid and if there should be holding limits.

Brazilian BV Bank Tests Tokenized Model for Vehicle Sales

[Apr 9, 2024 1:38 AM] BV Bank, a Brazilian bank leader in vehicle loans, is running a pilot that uses tokenization to manage vehicle financing and sales operations. The first phase of the tests involves automating consumer-to-consumer vehicle sales processes, including…