
central bank digital currency News
Latest central bank digital currency News

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Read more - Central Bank of Colombia research: implementing CBDC won’t tag significant economic risks
Colombia's central bank recommends implementing restrictions on CBDC holdings, as its research indicates that CBDC adoption will likely result in limited economic impacts

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Read more - Jinan pioneers Chinese CBDC use in transportation with digital yuan bus payments
Jinan, the capital of Shandong Province in eastern China, has taken a proactive stance in promoting the use of China's central bank digital currency (CBDC) by initiating digital yuan payments on all of its bus routes.

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Read more - 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.

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Read more - UAE’s Central Bank Approves cbank Transactions Using Digital Currency
The United Arab Emirates central bank , today, announced the launch of CBDCs. More central banks are looking into CBDCs as UAE's central banks believes they are the way to their economical goals.

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Read more - ECB Seeks Distributed Ledger Technology to Streamline Interbank Settlement
According to Fabio Panetta, an executive European Central Bank (ECB) official, the regulator is considering a uniform platform compatible with the existing interbank settlement system. ECB Eyes Distributed Ledger Technology for Efficiency In a move to improve the efficiency of…

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Read more - Digital Pound Foundation Launches to Help With the UK CBDC Project
A group of participants and stakeholders has formed a new body called the Digital Pound Foundation (DPF), an independent organization to support the robust development and design of a UK central bank digital currency (CBDC). New Organization Pushes for Digital…

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Read more - Ukraine Minister Says First Digital Currency Pilot Could Focus on Staff Salary Payments
The head of Ukraine’s Ministry of Digital Transformation has said that paying the staff of the ministry in the proposed central bank digital currency (CBDC) is under consideration. Ukraine CBDC Pilot Could Initially Involve Salay Payments In a recent interview…

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Read more - China’s e-CNY White Paper Criticizes Bitcoin; Reveals CBDC Project Uses Smart Contract
The People’s Bank of China (PBOC), China’s central bank, has published a white paper on its upcoming central bank digital currency (CBDC), otherwise known as the digital yuan or e-CNY. Notably, the document revealed that the project utilizes smart contract…

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Read more - Vietnamese Government Planning to Conduct CBDC Pilot
Vietnam has become the latest country to explore central bank digital currency (CBDC), although the government has said that a sovereign digital currency would not replace the country’s fiat. Vietnam’s Proposed Digital Currency not a Cash Replacement According to Nikkei…

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Read more - China Could Test Digital Yuan With Foreigners at 2022 Winter Olympics
A top executive of the People’s Bank of China (PBOC) revealed that it was planning to test its proposed digital yuan with foreigners at the upcoming 2022 Winter Olympics in Beijing. International Trial for Digital Yuan According to CNBC on…

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Read more - Bank of England and HM Treasury Create Taskforce for Proposed CBDC Project
The Bank of England (BoE) and Her Majesty’s Treasury (HM Treasury) have jointly created a task force for the UK’s proposed central bank digital currency (CBDC) project. Taskforce to Explore Modalities for UK’s CBDC In a press release published on…

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Read more - China’s CBDC to Provide Backup for Alipay and WeChat Pay
An official of the People’s Bank of China (PBOC) stated that China’s central bank digital currency (CBDC) would act as a backup for major players in the mobile payment sector like Alibaba’s Alipay and Tencent’s WeChat Pay. Digital Yuan to…

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Read more - Japan’s Finance Minister Wants CBDC Talks at G7 Meeting
Taro Aso, Japan’s Finance Minister, stated that a comprehensive discussion about central bank digital currencies (CBDCs) should be held at the upcoming G7 meeting. Japan Calls for In-Depth CBDC Policy Discussion According to the South China Morning Post on Tuesday…

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Read more - South Korea: Central Bank Publishes Book on CBDC Legal Considerations
South Korea’s plans for its experimental central bank digital currency (CBDC) project also includes efforts to contribute to the expanding body of knowledge dedicated to sovereign digital currencies. Meanwhile, with many CBDC pursuits cropping up across the globe, some commentators…

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Read more - Swedish Bankers Express Concern Over Central Bank’s e-Krona Plans
While Sweden’s central bank is exploring the possibilities of creating its proposed central bank digital currency (CBDC) known as the e-krona, bankers in the country do not seem thrilled about the idea, as they are worried that a CBDC could…

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Read more - Spain: City Council of Lebrija Launches Euro-Pegged “Elio” Cryptocurrency
Lebrija city, municipality of Spain located in Andalusia’s autonomous community, has introduced a cryptocurrency named Elio pegged with Euro. The move will support local transactions among residents and merchants. A Fruitful Adoption of Elio In Madrid, Europa Press, a news…