[Dec 31, 2022 2:30 AM] The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with more testing in 2023 and plans to invite banks and fintech…
[Dec 29, 2022 9:30 PM] A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”
[Dec 28, 2022 1:00 AM] A traditional Chinese way of gifting money that’s gone virtual with the rise of digital payments has been introduced into the digital yuan wallet app.
[Dec 26, 2022 1:16 PM] The two-year project produced a white paper in February; research results will continue to appear, with the Fed’s partner at MIT scheduled to make a research report in January.
[Dec 24, 2022 5:30 AM] The European Central Bank (ECB) has published a new report on the progress of its investigation into the possible launch of a digital euro. The research will continue next year with the regulator planning to make a decision whether to proceed to…
[Dec 23, 2022 6:30 AM] Barely a month after announcing the restricting of cash withdrawals to under $50 per week, the Central Bank of Nigeria said on Dec. 21 that individuals will be able to withdraw an equivalent of $1,120 per week starting on Jan. 9, 2023. The central…
[Dec 21, 2022 1:05 PM] The ECB is continuing its digital euro investigation with more pieces of the potential system filled in, but no commitment to blockchain technology or even its issuance has been made.
[Dec 18, 2022 1:40 AM] Kazakhstan’s central bank recommended making the in-house CBDC available as early as 2023 with a phased expansion of functionality and introduction into commercial operation until the end of 2025.
[Dec 17, 2022 11:00 PM] The central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper. The studies carried out by the regulator on its introduction did not identify significant risks for the country’s…
[Dec 16, 2022 10:30 PM] Roberto Campos Neto, president of the Central Bank of Brazil, has stated that the digital real project, the Brazilian central bank digital currency (CBDC) could be launched in 2024. Campos Neto also remarked on the benefits the digital currency…
[Dec 12, 2022 4:41 PM] Brazil is set to launch a Central Bank Digital Currency (CBDC) in 2024, a move that could contribute to its status as an economic leader in South America.
[Dec 11, 2022 11:18 PM] The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000.
[Dec 8, 2022 3:30 PM] The Digital Money Institute’s third annual payments report looks at CBDCs for the first time, as well as other payment methods, through the lens of cross-border payment utility.
[Dec 8, 2022 6:30 AM] The Bank of Spain is seeking the collaboration of organizations interested in participating in an experimental test on a wholesale central bank digital currency (CBDC). The institution clarified this new program has no relation with the current…
[Dec 8, 2022 12:42 AM] The Bank of Spain said the study can help determine to what extent it can adapt to the "needs and demands of an increasingly digital society.”
[Dec 6, 2022 8:01 AM] While CBDCs will cater to local demands, cooperation between countries could facilitate and support the widespread adoption of readily-available stablecoins.
[Dec 5, 2022 1:00 PM] “Collaboration and synergy on national and international level is critical to the development of Digital Rupiah,” said Perry Warjiyo.
[Dec 5, 2022 2:19 AM] The State Bank of Pakistan signed in new laws for Electronic Money Institutions — non-bank entities offering digital payment instruments — to ensure the timely issuance of a CBDC in the next three years.
[Dec 4, 2022 11:00 PM] “Vox Populi, Vox Dei, man.” So says self-proclaimed Chief Twit Elon Musk from a private jet flying high above the world during a Twitter Spaces appearance on Sunday, Dec. 4 (JST). It does sound nice to say, but the voice of the mob should never be…
[Dec 2, 2022 8:30 PM] Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: “Any U.S. CBDC must be open, permissionless, and private.” Congressmen…
[Dec 2, 2022 2:19 AM] Hong Kong central bank executive looked optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts in the wake of the recent crypto contagion.
[Dec 1, 2022 3:41 PM] The Digital Dollar Project and the Depository Trust & Clearing Corporation trialed a potential settlement system using tokenized securities and CBDC in real world conditions.
[Dec 1, 2022 2:30 AM] The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for its digital coin, including retail…
[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…
[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.
[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…
[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…
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