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Central bank digital currencies (CBDCs) are digital counterparts of traditional fiat currencies overseen by central banks. Unlike volatile cryptocurrencies, CBDCs have a stable value, mirroring their nation’s currency, backed by monetary policies and regulations.
For the latest in CBDC news, this section provides real-time updates. Here, uncover insights on CBDCs pilots across the world and their results. Delve into CBDC news today exploring debates on CBDCs as potential state control tools or monetary innovations. Stay ahead with CBDC’s latest news as nations like China expand digital yuan use, and the IMF seeks global CBDC unification. For comprehensive news CBDC coverage, this is your hub.
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Deputy Governor of China’s Central Bank says the countries partnering together to build mBridge would need to establish trust and mutual understanding of one another’s regulatory framework. According to a report by SCMP on Oct. 23, the deputy governor of…
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Experts warn that the high investment required to join the digital ruble platform could be prohibitive for small Russian banks, as it exceeds their annual tech budgets by several times. The entry cost for Russian banks to join the Bank…
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Norway’s Central Bank, Norges Bank, will make a decision regarding whether or not it will introduce a digital currency next year, says Deputy Central Bank Governor Pal Longva. In an interview with Bloomberg on Oct. 22, Norges’ Deputy Central Bank…
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The Central Bank of Brazil is receiving proposal applications from companies that wish to participate in the nation’s central bank digital currency pilot, Drex from Oct. 14 until Nov. 29. Brazil Central Bank announced that it has already approved 13…
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China’s CBDC app has reached a significant milestone with 180 million personal wallets and a staggering transaction volume of ¥7.3 trillion yuan in pilot regions. China‘s ambitious push for a central bank digital currency is gaining momentum, with millions embracing…
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SWIFT will trial live transactions of tokenized assets and digital currencies in 2025, aiming to integrate blockchain-based tokens into the broader financial system. Global financial messaging network SWIFT will trial live transactions of tokenized assets and digital currencies in 2025,…
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The Bank of Canada has reportedly shifted its focus away from the idea of introducing a digital Canadian dollar. The Bank of Canada seems to be shifting its focus away from developing a government-backed digital currency, seven years after it…
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Australia’s central bank has announced a shift toward wholesale CBDC development, citing greater economic benefits and fewer challenges compared to a retail version. The Reserve Bank of Australia seems to be prioritizing wholesale CBDC development over retail, citing greater economic…
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A new report reveals that 134 countries, covering 98% of the global economy, are exploring digital currencies, with 44 currently piloting CBDCs. Central bank digital currencies are gaining widespread attention, with nearly 99% of the global economy now focused on…
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Sberbank, Russia’s largest lender, aims to begin offering digital ruble transactions to its customers in early 2025, according to a senior bank executive. Russia‘s banking giant Sberbank plans to start operations with the country’s central bank digital currency — also…
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Reserve Bank of India Governor Shaktikanta Das urged a cautious CBDC rollout, as the retail pilot now reaches over 5 million users. India‘s central bank digital currency platform has surpassed the 5 million users mark as the country continues to…
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The European Central Bank’s plans to launch the digital euro, are being resisted by many people in Germany, Austria, Netherlands, and Slovakia. The concern is that a Central Bank Digital Currency will leave them dangerously dependent on technology. They also…
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Blockchain startup Parfin has secured $10 million in its Series A round, aiming to drive global expansion and bridge traditional finance with blockchain. Mastercard-incubated Blockchain infrastructure firm Parfin has successfully closed the first tranche of its Series A funding, raising…
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India central bank’s Michael Debabrata Patra warns CBDC could be falsely considered as a “safe haven,” increasing bank run risks. Central bank digital currencies, touted for their potential to enhance financial inclusion and reduce settlement risks, may also pose significant…
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Conservative Party Leader Pierre Poilievre pledges to ban a central bank digital currency in Canada, pledging to protect cash use. Canadian Conservative Leader Pierre Poilievre voiced strong opposition to the development of a central bank digital currency in Canada in…
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Kyrgyzstan’s central bank has proposed amendments to the law to legalize its digital currency as a legal tender. The National Bank of Kyrgyzstan has initiated public discussions on constitutional law amendments aimed at integrating its own digital currency — known…
