Latest CBDC News
Kenyan central bank says CBDC not a priority
Following a period of feedback collection on central bank digital currencies (CBDCs) earlier this year, Kenya's Central Bank (CBK) has told the public that a CBDC is not a priority.
Reserve Bank of India expands digital rupee pilot program
The Reserve Bank of India is enhancing its digital rupee pilot, as it intends to broaden participation and incorporate diverse use cases in the upcoming fiscal year.
Bank of Japan advances CBDC program, following successful tests
The Bank of Japan (BOJ) has completed the second stage of its CBDC experimentation and is now moving forward with its pilot project.
Visa and Microsoft join forces for Brazilian CBDC pilot project
The Brazilian central bank's digital currency (CBDC) pilot project is set to attract the participation of both national and global companies.
Russia’s digital ruble pilot faces delays
The Central Bank of Russia’s (CBR) eagerly anticipated digital ruble pilot is postponed until the end of July, awaiting approval from the State Duma. The latest amendments to the legislation indicate a significant focus on enabling non-residents to access the…
ECB member expects digital euro in three to four years
A European Central Bank’s (ECB) executive board member, Fabio Panetta, set a deadline of three to four years for the launch of the digital euro on the bank’s 25th anniversary. Panetta told Les Echos in an interview that 50 people…
Russian lawmakers propose amendments to digital ruble bill
Lawmakers in Russia have put forward amendments to the digital ruble bill, including changes to debt operations, services for non-residents, and the role of the central bank.
Ripple to showcase tokenization with new CBDC platform in Hong Kong
Ripple has announced its participation in the digital Hong Kong dollar (e-HKD) central bank digital currency (CBDC) pilot program initiated by the Hong Kong Monetary Authority (HKMA). As part of the program, Ripple will showcase a real estate asset tokenization solution and unveil its new CBDC platform.
Ripple launches CBDC and stablecoin issuance platform
Ripple, a leading crypto solutions company, has introduced the Ripple CBDC Platform, a comprehensive solution for central banks, governments, and financial institutions to issue their own central bank digital currencies (CBDCs).
Countries all over the globe are slowly embracing CBDCs
A recent Coin Bureau YouTube video shed light on the rapidly growing interest in Central Bank Digital Currencies (CBDCs) worldwide.
Hong Kong launches pilot CBDC program
On May 18, the Hong Kong Monetary Authority (HKMA) officially initiated the e-HKD Pilot Program, a significant project under its ‘three-rail’ approach. This development is seen as a strategic progression towards a potential introduction of a retail Central Bank Digital…
Samsung and Bank of Korea join forces for CBDC research
Samsung Electronics and the Bank of Korea (BOK) have announced a partnership to conduct joint research, focusing on the development of an offline payment system for a central bank digital currency (CBDC).
Florida governor supports state bill banning CBDCs
Governor Ron DeSantis of Florida has voiced his backing for a proposed bill that seeks to prohibit the use of CBDCs as a form of currency within the state
BIS reveals CBDC handbook for fintech development
In a recent development, the Bank for International Settlements (BIS) Innovation Hub has unveiled a comprehensive handbook.
Central banks fear CBDC risks, can’t keep up with fintech regulation
Fintech Benchmarks 2023 brought into sharp focus the escalating conflict between emerging digital currencies and the traditional institutions that control monetary issuance.
Hungary should adopt euro, but is flirting with CBDC instead, Central Bank’s Szombati believes
Hungary is currently considering the potential benefits of launching a central bank digital currency (CBDC) in order to reach unbanked citizens, according to a high-ranking official's statement.