CBDC Financial News

21.02 / 12:47

Blockchain CBDC Adoption Reserve Bank of India Indian Government National network India expands national payment network to Singapore: What’s in it for crypto?

India’s national payment network, called the unified payments interface (UPI), is expanding its services beyond Indian borders to Singapore. The cross-border connectivity between Singapore and India via their respective rapid payment systems, namely PayNow and the UPI. Shri Shaktikanta Das, governor of the Reserve Bank, and Mr Ravi Menon, managing director of the Monetary Authority of Singapore, launched the facility through token transactions using the UPI-PayNow linkage.

20.02 / 13:13

UPS CBDC Digital Citizens Progressive San Francisco's Move to Hire CBDC Developer Signals Digital Currency Progress – Here's the Latest

Joining the growing ranks of public actors across the world who wish to jump on the central bank digital currency (CBDC) wagon, the Federal Reserve Bank of San Francisco is looking for an experienced CBDC developer under a job opening titled “Senior Application Architect - Digital Currency”.

19.02 / 21:49

CBDC Digital Currency San Francisco Fed is Seeking CBDC Developer as More Countries Join the Race

The Federal Reserve Bank of San Francisco has announced a vacancy for a CBDC developer as the federal bank aims to explore the cost and benefits of the potential technologies for central bank digital currencies.

19.02 / 13:37

Blockchain CBDC Adoption Federal Reserve San Francisco federal bank eyes CBDC system development, reveals job posting

The Federal Reserve Bank of San Francisco is looking for a software engineer to help develop and implement systems related to a central bank digital currency (CBDC).

17.02 / 17:43

CBDC Adoption regulation Central Bank Bank of Russia Russia to roll out CBDC pilot with real consumers in April

The Bank of Russia is preparing to roll out the first consumer pilot for the nation’s central bank digital currency (CBDC) on April 1, 2023.

17.02 / 13:03

CBDC Adoption regulation Bank of Japan The Bank of Japan to launch its CBDC pilot before May

Japan, a nation where foreign stablecoins like USDT are prohibited, plans to begin its central bank digital currency (CBDC) pilot in April 2023. It will aim to include private businesses and test an ecosystem.

17.02 / 10:39

CBDC regulation Framework Virtual assets regulatory Oman to establish regulatory framework for virtual assets

The Capital Market Authority (CMA), the regulator of Oman’s financial markets, looks to establish a new regulatory framework for the virtual asset industry in the Sultanate.

14.02 / 23:00

CBDC regulation Federal Reserve National Brainard reportedly moving from the Fed to head National Economic Council

United States Federal Reserve Board Vice Chair Lael Brainard has been chosen to be the director of the National Economic Council, making her President Joe Biden’s top economic adviser, according to media reports. In her new position, Brainard will oversee the implementation of the Biden administration’s multibillion-dollar economic agenda, which includes the Bipartisan Infrastructure Law and the CHIPS and Science Act.

14.02 / 16:45

business CBDC Bank of England Bitcoin Community UK think tank launches a crusade against 'surveillance' CBDCs

The U.K. Tax Reform Council has launched a campaign against the Bank of England's plan to introduce a central bank digital currency (CBDC). The non-profit organization warns that such a move could seriously harm individual privacy and lead to intrusive changes to the taxation system.

13.02 / 19:31

COST CBDC Digital Strategy Bitcoin CBDC Launch ‘May Cost Russian Banks $684m a Year’

Russian commercial banks will lose $684 million a year if the nation’s Central Bank launches a central bank digital currency (CBDC), experts have claimed.

13.02 / 11:57

CBDC regulation Central Bank Financial UAE central bank to issue CBDC as part of its financial transformation program

The Central Bank of the United Arab Emirates (CBUAE) is planning to launch a central bank digital currency (CBDC) for cross-border and domestic use as part of the first of its newly-launched financial infrastructure transformation (FIT) program.

10.02 / 14:19

Blockchain CBDC Adoption Research National China to launch national blockchain research center

Despite its ongoing crackdown on crypto, China continues to embrace blockchain technology — up to the point of launching the National Blockchain Technology Innovation Center in the capital city of Beijing.

09.02 / 13:49

CBDC digital rupee Reserve Bank of India 5,000 Merchants in India Now Accept Payments in Digital Rupee: Deputy Governor

5,000 merchants and 50,000 users are now participating in India’s CBDC pilot project, the RBI’s deputy governor has said, noting that the central bank intends to proceed with the project slowly to avoid unwanted fallouts.

08.02 / 17:07

CBDC Adoption Digital Currency regulation Reserve Bank of India India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50k users

The Indian government doesn’t want to rush its central bank digital currency (CBDC) pilot despite joining the CBDC race just a few months ago.

08.02 / 15:21

CBDC Adoption Bank of Russia Russia’s Gazprombank recommends slow CBDC rollout fearing loss of income

Gazprombank, a subsidiary of the leading Russian government-owned gas company, Gazprom, publicly proposed giving banks more time before implementing the digital ruble. The country’s central bank digital currency (CBDC) project has been accelerating due to global financial sanctions amid geopolitical tensions.

08.02 / 07:51

Stablecoin CBDC Adoption BIS BIS to launch stablecoin monitoring project and up focus on CBDC experiments

The Bank for International Settlements (BIS) will heighten focus on experimenting with Central Bank Digital Currencies (CBDCs) this year via its research and development arm and will also launch a new project to monitor stablecoins.

07.02 / 23:53

CBDC regulation Laotian CBDC proof of concept project to launch using system pioneered in Cambodia

Japanese financial software firm Soramitsu has announced the signing of a memorandum of understanding with the Bank of the Lao People’s Democratic Republic Payment Systems Department on the launch of a proof-of-concept project for a Laotian central bank digital currency (CBDC). Under the agreement, a digital form of the Lao kip, called the DLak, would launch Feb. 7.

07.02 / 08:23

CBDC regulation Central Bank Bank of England UK's digital pound would modernize payments but won't replace cash: Minister

The Bank of England (BoE) and U.K. Treasury are gearing up plans to create a digital currency that could "provide a new way to pay" without necessarily replacing cash.

06.02 / 08:13

CBDC Adoption Digital Currency Central Bank Yuan boost China doles out millions in digital yuan in bid to boost adoption: Report

Millions of dollars worth of China’s Central Bank Digital Currency (CBDC) has been handed out across the country over the Lunar New Year period in a bid to boost its takeup.

05.02 / 00:27

CBDC Adoption regulation Bank of England UK is 'likely' to need digital currency, says BoE and Treasury: Report

The Bank of England (BoE) and Treasury believes the United Kingdom is likely to need to create a central bank digital currency (CBDC) by 2030, according to a Telegraph report on Feb. 4.

03.02 / 22:57

CBDC Adoption Binance National Kazakhstan’s digital currency in pilot stage, per Binance, National Bank joint report

The National Bank of Kazakhstan (NBK) has launched a digital tenge pilot project, according to a report published jointly by the bank and Binance on Feb. 3. The report looked at global approaches to digital asset regulation, the digital asset industry and decentralized finance (DeFi) in Central Asia and the Commonwealth of Independent States in particular.

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