CBDC Financial News

13.06 / 20:13

CBDC Digital Treasury The US Treasury Is Looking Into Privacy in Studying the Potential of a CBDC, Official Says

The US Department of the Treasury is looking into privacy behind the potential of a future retail central bank digital currency, a Treasury official said on Tuesday.

12.06 / 20:31

CBDC Adoption retail retail CBDC Thailand launches retail CBDC pilot with 2 banks and Singapore payment service

The Bank of Thailand will launch a retail central bank digital currency (CBDC) pilot project in a regulatory sandbox this month. Three payment providers will take part, according to local media. The project will involve up to 10,000 users and run through August.

02.06 / 18:29

business CBDC Africa Central Bank NOT CBDC 'may not be a compelling priority,' says Kenya's central bank

The Central Bank of Kenya received comments on a discussion paper on the potential issuance of a digital shilling, and hasn’t a definitive conclusion.

02.06 / 07:41

CBDC regulation Central Bank Terrorism Counter Terrorism Financing Crypto Companies NOT Qatar gets slammed for not taking enough action against crypto companies

The global watchdog fighting money laundering and terrorist financing has slammed Qatar Central Bank (QCB) for making little effort to enforce its own regulations prohibiting virtual asset service providers.

01.06 / 22:03

CBDC Adoption retail Standard Standard Chartered, PwC make case for programmable CBDC in China Greater Bay Area

British multinational bank Standard Chartered and PwC China have teamed up to produce a white paper on applications for central bank digital currency (CBDC) in the so-called Greater Bay Area of China – Guangdong Province, Hong Kong and Macao. Programmability will make all the difference, they concluded.

31.05 / 21:23

business CBDC Microsoft ChatGPT letter Microsoft’s CSO says AI will help humans flourish, cosigns doomsday letter anyway

Microsoft’s chief scientific officer, Eric Horvitz, believes artificial intelligence will allow future humans to flourish, but he’s apparently hedging his bets.

31.05 / 13:37

CBDC Bank ECB Euro digital euro European Central Bank Wraps Up Digital Euro Prototypes; Decision on Development Awaits

As part of the investigation phase of its digital euro project, the European Central Bank (ECB), which serves as the European Union’s central bank, has released two reports on the institution’s market research and prototyping exercise.

31.05 / 04:11

CBDC SEC coinbase lawmakers US lawmakers regulatory Coinbase CEO Criticizes US Lawmakers, Regulators Over Regulatory Approach, Warns of Upcoming Innovation in China

Coinbase CEO Brian Armstrong criticized US lawmakers and regulators over their approach to bringing “regulatory clarity” to cryptocurrency and warned that innovation is moving offshore.

30.05 / 12:27

CBDC Adoption Bank of Japan Japan launches digital yen pilot project after second successful proof-of-concept

The Bank of Japan (BOJ) has released the results of the second phase of its central bank digital currency (CBDC) proof-of-concept (PoC) experiment and confirmed that its CBDC pilot project launched on schedule in April. The second-phase PoC ran for a year, from April 2022 to March 2023, and considered functions to complement the basic ledger functions tested in the first yearlong experiment.

26.05 / 22:27

CBDC Adoption European Union ECB Euro digital euro ECB sums up digital euro prototyping exercise as it nears possible pilot launch

The European Central Bank (ECB) has published a summary of the results of its digital euro central bank digital currency prototyping exercise. The exercise investigated offline use of a simulated digital euro and four other instances of interoperability with existing payments systems.

26.05 / 15:29

CBDC Adoption regulation Federal Reserve Bank of England ECB Bank of Canada retail CBDC 7 central banks and BIS continue examination of ongoing policy issues for retail CBDC

The Bank for International Settlements (BIS) and a group of central banks have published a paper detailing their “ongoing policy perspectives” on a retail central bank digital currency (rCBDC). The new publication is the fifth from the same authors.

26.05 / 15:29

CBDC Adoption Latin America Visa, Microsoft and others join Brazilian CBDC pilot

Both national and global companies will participate in the upcoming Brazilian central bank digital currency (CBDC) pilot project. Banco Central do Brasil, the country’s central bank, will begin adding participants to the digital real platform around the middle of June 2023.

26.05 / 07:45

Blockchain Provident CBDC Digital Microsoft Brazilian Central Bank Reveals CBDC Pilot Partners – One Is a Major Crypto Player

The Brazilian Central Bank has revealed the firms it will work on for its central bank digital currency (CBDC) pilot – and the list includes the crypto-keen neobank Nubank.

26.05 / 01:13

CBDC Central Bank BIS Future Seven Central Banks Contemplate the Future of Retail CBDCs in Latest Report

The Bank for International Settlements, which serves as a “bank for central banks,” released its latest paper examining retail central bank digital currencies, as its members “are approaching a point” as to whether or not they should move forward in their CBDC work.

24.05 / 07:17

CBDC Adoption regulation Bank of Russia lawmakers Ruble Russian lawmakers propose amendments to digital ruble bill

As the digital ruble project proceeds through Russian parliamentary hearings, lawmakers have proposed significant amendments to the bill, aiming to change the original document regarding debt operations, services for non-residents and the role of the central bank.

24.05 / 07:17

Blockchain CBDC Adoption regulation Research CBDCs on the horizon: The current state of CBDC initiatives around the world

Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology.

19.05 / 19:19

CBDC Adoption Federal Reserve Cross-border NY Fed and MAS publish joint CBDC cross-border payment project results

The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) have published the results of their joint Project Cedar Phase II x Ubin+ (Cedar x Ubin+). The project examined the use of central bank digital currency for wholesale cross-border payments using one or more vehicle currencies.

19.05 / 17:45

CBDC legislation lawmakers US lawmakers US Lawmakers Introduce ‘First Bipartisan Bill’ Blocking a CBDC

US lawmakers from both sides of the aisle introduced a bill this week to block the Federal Reserve from issuing a central bank digital currency.

18.05 / 22:59

CBDC Adoption IMF enaira IMF sees room for eNaira improvement in first year assessment

Nigeria’s eNaira central bank digital currency (CBDC) is over a year old, and the International Monetary Fund (IMF) has a late birthday present for it, in the form of a working paper assessing its first year of performance. “Laudable,” said IMF researchers, but there were a few suggestions too.

18.05 / 11:33

business CBDC Ripple regulation HKMA e-HKD Ripple to demonstrate tokenization in HKMA e-HKD pilot program using new CBDC platform

Ripple will participate in the Hong Kong Monetary Authority’s (HKMA’s) digital Hong Kong dollar (e-HKD) central bank digital currency (CBDC) pilot program by showcasing a real estate asset tokenization solution. The company will reveal its new CBDC platform at the same time.

18.05 / 02:23

Blockchain CBDC Adoption Central Bank Usd Coin Australia marks first FX transaction using a CBDC as eAUD pilot continues

Australia has successfully made its first foreign exchange transaction using eAUD as part of a live pilot for the country’s potential central bank digital currency (CBDC).

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