24 / 24 Relevant items tagged with #CBDC

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RBI Begins First Retail Digital Rupee Pilot in 13 Indian Cities With 8 Banks

[Nov 29, 2022 11:00 PM] India’s central bank, the Reserve Bank of India (RBI), is launching its first retail digital rupee pilot on Dec. 1 with the participation of eight banks. The pilot will start in four cities and then expand to cover nine more cities across…

EIB settles €100 million digital bond on private blockchain

[Nov 29, 2022 9:45 AM] "Unlike some cryptocurrencies using blockchain technology, the EIB's blockchain bond issues do not lead to extensive energy use," the bank wrote.

President of Bank of Brazil Shows ‘Open Finance’ Digital Real Concept Featuring Stablecoin Integration and Payments Functionality

[Nov 29, 2022 6:30 AM] Roberto Campos Neto, president of the Bank of Brazil, explained the role that the Brazilian central bank digital currency (CBDC), the digital real, might play in the future of personal finance. At an event, Neto explained the concept of “open…

National Bank of Ukraine releases draft concept for digital hryvnia

[Nov 29, 2022 4:03 AM] One of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations.

Tokenized government bonds free up liquidity in traditional financial systems

[Nov 28, 2022 9:33 AM] There are a number of benefits associated with tokenized government bonds, yet adoption may take time.

Bank of Japan to Launch Digital Yen Pilot Program Next Year

[Nov 26, 2022 1:30 AM] The Bank of Japan is preparing to run a test trial of its own central bank digital currency (CBDC), the digital yen, with help from three top banks and regional institutions. The pilot program, estimated to last two years, will focus on testing the…

BIS report finds uneven progress, differing motivations in African CBDC adoption

[Nov 24, 2022 3:15 PM] A survey of the continent’s central banks shows optimism about greater efficiency and inclusion, but several drawbacks remain; Nigeria already has an operational retail CBDC.

Bank of Japan to trial digital yen with three megabanks

[Nov 23, 2022 7:13 AM] The Japanese central bank plans to make a decision on whether to issue a digital currency by 2026.

The Reserve Bank of India to launch a retail CBDC pilot in December

[Nov 22, 2022 4:13 AM] The digital rupee is intended as a supplement to the current payment system and not its replacement.

The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21

[Nov 21, 2022 2:00 PM] The founder of FTX provoked the withdrawal of his legal team and now faces the possibility of extradition to the United States.

Forget The Federal Reserve, The Market Is Pivoting Anyway

[Nov 18, 2022 10:00 PM] CPI numbers from the U.S.-led markets to rally, leaving bitcoin in the dust as FTX shocked the crypto world. The Federal Reserve tests out a CBDC.“Fed Watch” is a macro podcast, true to bitcoin’s rebel nature. In each episode…

NY Fed launches 12-week CBDC pilot program with major banks

[Nov 15, 2022 11:15 AM] Banking giants including BNY Mellon, Citi, U.S. Bank, and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot.

St. Kitts and Nevis to Explore Possibility of Making Bitcoin Cash Legal Tender by March 2023

[Nov 14, 2022 6:30 AM] St. Kitts and Nevis will explore the possibility of making bitcoin cash legal tender by March 2023. The statement was made by St. Kitts and Nevis Prime Minister Terrance Drew as part of the Bitcoin Cash 2022 Conference held in the country…

Russia’s Digital Ruble Integrated Into Banking App

[Nov 12, 2022 3:30 PM] VTB has become the first Russian bank to add the digital ruble to its mobile application. The integration is currently being tested with accounts set up for legal entities. Select customers will be granted access in the coming months and will be…

New York Fed collaborates with Singapore MAS to explore CBDCs

[Nov 11, 2022 5:02 AM] A joint effort is aimed at assessing the possible use of wholesale central bank digital currencies in cross-border transactions.

Zimbabwean Central Bank Launches CBDC Consumer Survey

[Nov 11, 2022 2:30 AM] The Zimbabwean central bank has said it is “conducting a CBDC [central bank digital currency] Consumer Survey to solicit opinions on the design and nature of the CBDC and its overall acceptance by the public.” The bank said the…

The Clearing House stands up for bank rights, opposes CBDC in comments for US Treasury

[Nov 10, 2022 12:45 PM] The payments operator responded to a Treasury inquiry related to the presidential executive order with an appeal to keep bank interests in sight when designing digital assets.

Queen Maxima of Netherlands Sees Multiple Benefits of Digital Euro

[Nov 10, 2022 2:30 AM] Queen Maxima of the Netherlands has outlined multiple benefits central bank digital currencies (CBDCs) could bring, particularly in the area of financial inclusion. “Governments could use a digital euro to channel financial support to…

Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says

[Nov 9, 2022 8:30 PM] The European Commission is going to present a legislative proposal for a digital euro in the near future, President of European Central Bank Christine Lagarde has indicated. EU legislators are expected to define the new currency’s legal tender…