4 / 25 Relevant items tagged with #CBDC

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Philippines Plans to Introduce Wholesale CBDC by 2029

[Jul 27, 2024 12:30 AM] Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC initiative is near its proof-of-concept completion. “This is an innovative payment…

Taiwanese Central Bank to Test CBDC, Not Race to It

[Jul 8, 2024 12:35 AM] Taiwanese Central Bank Governor Yang Chin-long stated that the development of digital currency (CBDC) is not an international competition, and being the first to launch does not guarantee success. He disclosed that the Central Bank of the Republic…

Taiwan central bank says no rush for CBDC launch

[Jul 7, 2024 4:21 AM] The Central Bank of the Republic of China mentioned handling government tenders through special purpose tokens to improve operational efficiency using smart contracts for bids and performance bonds.

India’s Digital Rupee Usage Drops Drastically After Initial Surge

[Jun 25, 2024 8:35 PM] India’s central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The Reserve Bank of India (RBI)…

Digital Euro Holding Limit: Debate Continues

[Jun 25, 2024 4:11 PM] The president of Germany’s central bank has highlighted the ongoing debate about the holding limit for the digital euro, Europe’s central bank digital currency (CBDC). He noted that recent Bundesbank research indicates that the optimal…

Iran Officially Unveils Central Bank Digital Currency Project

[Jun 24, 2024 8:40 PM] Iran officially unveiled its central bank digital currency (CBDC) on Sunday during a ceremony attended by Central Bank of Iran (CBI) Governor Mohammad Reza Farzin and chief executives of several major banks. This digital currency, issued…

Iran Launches Digital Rial Pilot on Kish Island

[Jun 20, 2024 10:07 PM] The Central Bank of Iran (CBI) has announced the initiation of a pilot scheme to introduce the country’s central bank digital currency (CBDC) on the southern island of Kish. The CBI stated on Tuesday that the digital rial will be available to…