CBDC Financial News

03.02 / 05:33

business CBDC regulation Banks National Indonesia targets launch of its national crypto exchange by June

Indonesia’s Ministry of Trade is reportedly aiming to roll out a national crypto exchange by June this year, six months after its previous target of December 2022.

02.02 / 21:49

business Blockchain CBDC Yuan e-CNY Chinese Communist Party officials issue KPIs for e-CNY transactions in Suzhou

According to local news outlet JS China, on Feb. 1, an annual meeting regarding the trial of the digital yuan central bank digital currency (e-CNY CBDC) was attended by senior Communist Party officials in the City of Suzhou. As part of the meeting outcomes, party officials have set a tentative key performance indicator (KPI) of 2 trillion CNY ($300 billion) for e-CNY CBDC transactions in the city by the end of 2023 to be implemented by municipal administrators through promotional efforts.

02.02 / 16:01

CBDC digital rupee India’s Largest Retail Chain to Accept Payments in CBDC

India's largest retailer Reliance Retail has announced plans to accept payments in the digital rupee in a move that could boost the nation's adoption of CBDCs.

02.02 / 14:03

business CBDC regulation Reserve Bank of India Indian Government Indian Support Indian retail chain rolls out support for CBDC payments in stores: Report

One of India’s biggest retail chains, Reliance Retail, announced that they have started accepting the digital rupee at one of its store lines and plans to extend the rollout to all its businesses.

02.02 / 13:33

business CBDC Tokens HSBC Banks HSBC needs someone to helm its tokenization efforts

HSBC, the British multinational bank which manages the largest amount of assets in Europe, doubles down its interest in digital currencies. The bank is looking for a top executive to work with asset tokenization.

31.01 / 13:39

cryptocurrency CBDC boost services Financial Economic Survey 2023: CBDC will boost digital financial services

The Central Bank Digital Currency (CBDC) will boost the financial services sector, enable financial inclusion, reduce costs of managing cash and boost innovation in the cross-border payments space, the Economic Survey 2023 has said.

31.01 / 07:13

CBDC regulation Peoples Bank of China Yuan boost China's Hainan to boost NFT oversight as digital yuan trial ramps

Authorities from the Hainan province in southern China have vowed to increase oversight on the nonfungible token (NFT) sector to “promote the healthy development” of the sector and to stomp out fraud and other associated risks.

30.01 / 21:35

Stablecoin CBDC Adoption Central Bank ECB Montenegro's central bank teams up with Ripple on digital currency pilot project

Montenegrin Prime Minister Dritan Abazović has announced on Twitter that his country is pursuing a digital currency in conjunction with Ripple. Abazović met with Ripple CEO Brad Garlinghouse and vice president James Wallis at Davos.

28.01 / 13:41

Blockchain CBDC Digital Currency Union Budget 2023: Will Blockchain-Based Digital Currency Come Of Age?

Central Bank Digital Currency or CBDCs have captured the imagination of central banks around the world. Recently, the Reserve Bank of India (RBI) launched the pilot 'digital rupee' project and reports suggest that it may further expand the project "based on the learnings from the current pilot."

25.01 / 16:29

business CBDC UK government Bitcoin Community Bitcoin UK Bitcoin community reacts to incoming CBDC and digital pound rollout

The UK Government's economic and finance ministry, HM Treasury, is recruiting for a Head of central bank digital currency (CBDC) to lead the development of a digital pound. The work is described as "Important, complex, and cross-cutting" and will "require extensive engagement across and beyond the HM Treasury."

25.01 / 07:47

Blockchain CBDC Adoption Saudi Central Bank still researching CBDC, but no decision on deployment

The Saudi Central Bank (SAMA) is ramping up its research into Central Bank Digital Currencies (CBDCs) but is yet to announce a deployment.

25.01 / 06:31

business Stablecoin CBDC Adoption Payments VISA Central Bank play Stablecoins and CBDCs might play 'meaningful role' in payments — Visa CEO

The chief executive of credit card giant Visa remains confident that blockchain-powered solutions can be integrated into its services and offerings to power the next generation of payments.

25.01 / 01:37

Government CBDC regulation Job UK gov't is hiring a central bank digital currency lead for Treasury team

HM Treasury in the United Kingdom has begun calling for applicants to lead the central bank digital currency team behind efforts towards a digital pound.

23.01 / 21:07

CBDC Adoption Digital Currency Euro digital euro Executive ECB executive board member outlines plans for digital euro to European Parliament

The digital euro, should it come into existence, will preserve the role of the central bank by extending payment options beyond those offered by cash, European Central Bank (ECB) executive board member Fabio Panetta told a European Parliament committee Jan. 23.

23.01 / 05:49

Blockchain Stablecoin CBDC Digital Currency Payments Central Bank DLT Chinese blockchain firm launches the 'SWIFT' of stablecoins and CBDCs at Davos

A Hong Kong-based blockchain company has launched a digital payments system aimed at bridging the gap between stablecoins and Central Bank Digital Currencies (CBDCs).

20.01 / 05:23

CBDC Adoption Digital Currency Smart Contracts Peoples Bank of China Yuan China’s digital yuan gets smart contract functionality alongside new use cases

China’s Central Bank Digital Currency (CBDC) — the digital yuan, or eCNY — has received upgrades giving it smart contract functionality alongside a series of newly unveiled use cases.

19.01 / 02:09

CBDC Adoption Digital Action Digital Dollar Project urges US to take action on CBDC development

The Digital Dollar Project (DDP) released a new version of its white paper "Exploring a U.S. CBDC" on Jan. 18. The project expanded the paper in order to examine central bank digital currency projects internationally, though its focus is still on the United States.

17.01 / 11:29

CBDC regulation Bank of England Euro Bank of England governor questions need for digital pound

Andrew Bailey, the Bank of England (BoE) governor, expressed skepticism on the need for a digital pound shortly after finance ministers from eurozone countries backed further work on a digital euro.

17.01 / 00:51

CBDC regulation ECB Euro digital euro EU finance ministers’ group releases statement on political aspects of digital euro

The Eurogroup, consisting of all the finance ministers from the euro-zone countries, released a statement Jan. 16 on the introduction of the digital euro, after meeting in Brussels. The group meets regularly to discuss political dimensions of the potential digital currency, it said. The statement release coincides with the release of a European Central Bank (ECB) “stock taking” document detailing the progress of digital euro design.

16.01 / 17:23

business CBDC regulation Financial Times Winter Olympics Costs NOT CBDCs not worth the costs and risks, says former BoE advisor

Central banks worldwide are pushing forward with digital asset projects despite the various crypto industry implosions over the past 12 months. China has rolled out its central bank digital currency (CBDC) to several cities, and it was available for use at the Winter Olympics.

15.01 / 13:23

CBDC Disaster Sand Dollar Digital Currency Struggle for Relevance After FTX Disaster

The Sand Dollar, a digital version of the Bahamian dollar, is in a tight spot within the island nation following the unprecedented collapse of cryptocurrency exchange FTX.

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