CBDC News
Latest CBDC News
News
Bank Indonesia plans to release its own version of a “national stablecoin” backed by government bonds. The digital securities will be backed by the digital rupiah. According to a report by CNBC Indonesia, Bank Indonesia Governor Perry Warjiyo announced that…
News
The People’s Bank of China has officially established the Digital RMB Operation and Management Center as the nation prepares its digital currency for widespread adoption. According to a recent report by Chinese media Capital Finance, the Governor of the central…
News
Hong Kong authorities have concluded the second phase of the e-HKD pilot program, with the central bank digital currency launch mostly aimed at institutional clients. According to a report by local media, the Hong Kong Monetary Authority has completed the…
News
Global Settlement Network and Uganda’s Diacente Group are launching a $5.5 billion tokenized economy, combining real-world infrastructure and a national CBDC to drive economic growth. According to a press release shared with crypto.news, Global Settlement Network (GSN), a leading blockchain…
News
The European Central Bank has picked external providers that will help in the rollout of its anticipated digital euro. The ECB said in an announcement on Oct. 2 that it has selected providers for five components and services of the…
Follow-up
The U.S. government is demonstrating respect for privacy and prefers stablecoins over central bank-issued digital assets. President Donald Trump restricted the development of CBDCs, citing privacy concerns. However, the Treasury Department and the Bank of International Settlements are already exploring…
News
Japan Post Bank is preparing to launch DCJPY, a yen-backed digital currency on a private blockchain. Japan Post Bank to roll out DCJPY Japan Post Bank, one of Japan’s largest financial institutions that manages about $1.3 trillion in deposits, is…
News
CZ says stablecoins have defeated CBDCs globally, how come?
News
In July, the stablecoin market hit a record $261 billion, with non-USD stablecoins quietly surpassing $1B in total market cap. However, CBDC developments showed a mixed picture, with some countries advancing pilots while others pushing back. As reported in the…
News
Bank of China Hong Kong is moving forward with its central bank digital currency (CBDC) project and has completed another phase of testing the digital Hong Kong dollar. According to local media on August 5, the Bank of China Hong…
News
ECB advisor Jürgen Schaaf warns that the rapid rise of dollar-backed stablecoins threatens Europe’s financial stability and the euro’s global standing unless strategic action is taken. In a new blog post on the European Central Bank’s website titled “From Hype…
Opinion
We’ll have to wait and see, based on the pilot program, whether decision makers in Australia find enough reasons to justify a wider rollout.
News
The Bank of England is considering halting plans to create a digital pound as the global focus shifts to stablecoins. Though, the final decision has remained undecided. According to a recent Bloomberg report, the Bank of England has seen its…
Feature
Every day, the media are telling us how various countries take legal steps to embrace cryptocurrency. However, not the entire humanity is moving in the same direction in this regard. On July 14, 2025, Hungary introduced the law turning “unauthorized…
News
The Reserve Bank of Australia is advancing a pilot to test digital money and tokenized settlements, with regulatory relief granted to participants to enable testing beyond current regulatory frameworks. Australia’s central bank, in partnership with the Digital Finance Cooperative Research…
Follow-up
Even as Russia gears up to launch its digital ruble, some of the country’s top bankers still aren’t sold on the idea. As Russia moves closer to launching its own digital currency, questions are starting to grow louder about whether…