CBDC Financial News

26.04 / 13:11

CBDC Digital Ruble Russian CBDC ‘Ready for Launch by Year’s End’ – What Effect Will Digital Ruble Have?

Russia’s central bank digital currency (CBDC) could be released before 2023 is out, the government has claimed.

25.04 / 19:29

CBDC ECB digital euro NOT European Central Bank: Digital Euro to Offer 'Maximum Privacy,' Though Not as Much as Cash

A new central bank digital currency (CBDC) in Europe would be designed with privacy in mind, although it would never be as private as cash is, according to a European Central Bank (ECB) official.

25.04 / 14:11

UPS Citi CBDC Digital Remark MPs S Korean MPs to Create Law that Distinguishes CBDCs from Crypto – Is Digital KRW Launch Imminent?

South Korea is edging closer to a central bank digital currency (CBDC) launch, with a new draft law set to create legal terminology for CBDCs.

24.04 / 22:13

CBDC Adoption ECB Euro digital euro ECB considers digital euro access, distribution in third design progress report

The European Central Bank (ECB) released its third progress report on digital euro design on April 24. This time the bank looked at access and distribution options that have been endorsed by the ECB’s Governing Council.

24.04 / 22:13

Blockchain Technology Stablecoin CBDC Tether Tech Usd Coin Stablecoins must be programmable to counter CBDCs

When it comes to providing stable value, stablecoins and central bank digital currencies (CBDCs) appear to serve two sides of the same proverbial coin. Crypto stable assets, however, can provide entirely different use cases — and CBDCs simply cannot compete.

24.04 / 14:11

CBDC China City to Pay Salaries ‘100%’ in Digital Yuan – Is CBDC Adoption Accelerating?

A Chinese city wants to pull of a world’s first – by becoming the first city to pay its employees entirely in a central bank digital currency (CBDC).

24.04 / 13:31

Blockchain CBDC Adoption regulation Yuan China to expand CBDC use case for Belt and Road Initiative

China is expanding the use cases for its central bank digital currency (CBDC) called digital yuan or e-CNY for its Belt and Road initiative and cross-border trades. The digital yuan a.k.a. digital RMB was one of the first CBDCs to be developed and widely tested. While there hasn’t been an official launch, the government has expanded its testing parameter to include multiple cities and millions of people.

23.04 / 09:11

Government CBDC Adoption Payments regulation Chinese city public servants to receive digital RMB salaries from May

A notice issued by authorities governing the Chinese city of Changshu stated that all civil servants in its jurisdiction will be paid their full salaries in digital RMB or digital yuan from May 2023.

20.04 / 13:31

CBDC Adoption regulation Banks Central Bank banking foreign Foreign trade and pensions: What’s next for Russia’s CBDC project?

The pilot for Russia’s central bank digital currency (CBDC) pilot should have been launched on April 1, but it was delayed at practically the last moment due to the slow pace of the necessary associated legislation passing through parliament.

19.04 / 20:09

CBDC Adoption Europe European Union ECB Euro digital euro NOT European Parliament report recommends researching, but not launching, digital euro

An analytical paper released by the European Parliament Committee on Economic and Monetary Affairs has given the digital euro a mixed review. The title of the paper summed up its position: “Digital Euro: When in doubt, abstain (but be prepared).”

19.04 / 17:27

CBDC Adoption sanctions National end Belarus to decide on issuing CBDC by year's end: National bank chair

The National Bank of the Republic of Belarus has prepared a pilot program for a central bank digital currency (CBDC), according to the official BelTA news agency. The country will make a decision on the issuance of a digital Belarusian ruble by the end of the year, chairman of the national bank Pavel Kallaur said.

19.04 / 11:27

Blockchain CBDC Adoption Bank of England BIS BIS, Bank of England conclude DLT settlements pilot

The Bank of England and the Bank for International Settlements (BIS) Innovation Hub London Center have tested a distributed ledger technology-powered settlements system between the institutions. The insights of the project will be used by the Bank of England in its real-time gross settlement (RTGS) system.

18.04 / 20:27

CBDC regulation Federal Reserve Dollar wholesale US wholesale CBDC has ‘promise,’ Fed governor says, but retail ‘difficult to imagine’

United States Federal Reserve Board governor Michelle Bowman spoke at Georgetown University on April 18 to “offer a perspective” on central bank digital currency (CBDC). The Fed plays an important role in the conversation about CBDC, Bowman said. Her examination of the problems a CBDC might solve and the design and policy issues it entails showed little enthusiasm.

18.04 / 11:45

UPS CBDC Digital Bank of England wholesale Bank of England Explores Digital Pound for Wholesale Markets – CBDC Adoption on the Rise?

A Bank of England (BoE) official has said that a digital version of the British pound could soon be used in wholesale markets, potentially taking the UK one step closer to a central bank digital currency (CBDC).

18.04 / 04:37

Stablecoin CBDC Adoption Israel’s central bank says CBDC could be issued if stablecoin use increases

The Bank of Israel says it's preparing an action plan for the potential issuance of a central bank digital currency (CBDC),though a formal decision has yet to be made.

17.04 / 22:01

Stablecoin CBDC Adoption Payments Bank of England Bank of England preparing for greater role of tokenization in finance, official says

Bank of England deputy governor Sir Jon Cunliffe spoke at the Innovative Finance Global Summit in London on April 17 about the development of tokenization. The UK’s central bank is currently exploring tokenization in bank money, non-bank money and central bank money and the ways tokenized assets will interact.

15.04 / 00:37

Blockchain Stablecoin CBDC Digital Currency economics Flatcoiners should take a cue from TerraUSD's fate

The post-COVID-19 era has brought the issue of inflation to the forefront, leading to increasing interest within the Web3 space for creating flatcoins, a close “cousin” of stablecoins designed to mitigate inflation risk.

14.04 / 10:37

CBDC China’s CBDC Registers Housing Aid Firsts – Digital Yuan Adoption Gathers Pace?

It has been another busy week for China’s central bank digital currency (CBDC), the digital yuan, with the token finding new usage cases in the fields of housing aid public resource transactions.

13.04 / 21:17

CBDC Adoption IMF guidance IMF to publish CBDC handbook in response to increasing demand for guidance

With interest in central bank digital currencies (CBDCs) at an “unprecedented” level, the International Monetary Fund (IMF) is experiencing heavy demand for guidance in regard to them. In response, the IMF planned to release a CBDC handbook, deputy managing director Bo Li said in a recent speech.

12.04 / 19:19

CBDC Adoption Swedish Riksbank report looks at collaboration with potential e-krona in retail payments

Sweden's central bank Riksbank has released a report detailing the third phase of its central bank digital currency (CBDC) research. A collaborative model for retail payments and conditional payments is the focus this time.

12.04 / 12:15

CBDC Ripple XRP Price Prediction xrp price XRP Price Prediction as Central Bank of Montenegro Plans CBDC Development with Ripple – XRP to $1 Soon?

The world’s sixth-largest crypto XRP, boasting approximately $26 billion in market capitalizing, lost 3.3% in 24 hours amid an ongoing quest to secure higher support at $0.5 after bulls took a breather at $0.5853, the highest peak in March.

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