CBDC Financial News

05.12 / 23:15

business CBDC Central Bank Central bank plans to make CBDC 'only legal digital tender' in Indonesia, says gov

Bank of Indonesia governor Perry Warjiyo has announced developments in its plans to launch a central bank digital currency, or CBDC, for “various digital economic and financial transactions.”

02.12 / 01:51

CBDC Adoption Digital Dollar Clearing company tests out securities transaction settlements on blockchain networks

The Digital Dollar Project (DDP) and the Depository Trust & Clearing Corporation (DTCC) released the results of their Security Settlement Pilot project Nov. 30. The project tested a simulated digital U.S. dollar in transactions with tokenized securities on a blockchain network under real-world conditions.

25.11 / 13:45

CBDC Digital Japanese Digital Yen Pilot to Begin ‘in Early 2023’

The Japanese central bank could begin piloting the digital yen as early as spring 2023 and will reportedly start a trial involving “consumers and private sector companies.”

25.11 / 01:01

CBDC Adoption BIS report finds uneven progress, differing motivations in African CBDC adoption

Mobile money has been a strong competitor to central bank digital currency (CBDC) in Africa, but many of the continent’s central bankers have greater faith CBDC, according to a Bank for International Settlements (BIS) report published Nov. 24. African central bankers also saw greater utility in CBDC for implementing monetary policy than bankers in other parts of the world, according to the BIS.

23.11 / 16:15

Citi CBDC Digital Hong Kong Preparing to Join Digital Yuan Pilot, Extend ‘Cross-border’ Reach

Mainland China and Hong Kong are set to co-launch the digital yuan’s first cross-border pilot project – as the People’s Bank of China (PBoC)-led project edges ever-closer to roll out.

22.11 / 13:45

CBDC regulation RBI retail CBDC Reserve The Reserve Bank of India to launch a retail CBDC pilot in December

Having tested the wholesale usage of its central bank digital currency (CBDC), the Reserve Bank of India (RBI) is preparing to conduct the retail pilot of the “digital rupee.” The pilot should launch within a month.

22.11 / 09:53

Blockchain CBDC Digital CBDCs US Trails China In The Digital Currency Race. Here's Why

Over 100 countries are currently exploring Central Bank Digital Currencies

21.11 / 23:19

CBDC regulation Fried Sam The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21

As much as we all would want last week to be about something else, it was still all about FTX. The Supreme Court of the Bahamas has approved two provisional liquidators from PricewaterhouseCoopers to oversee the assets of the crypto exchange, which is headquartered in the country. Several days later, The Securities Commission of the Bahamas ordered the transfer of FTX Digital Markets’ digital assets to a digital wallet owned by the commission to protect “the interests of clients and creditors.”

17.11 / 22:25

CBDC Adoption Federal Reserve Fed paper looks at theoretical role of remuneration, convenience in CBDC design

The importance of remuneration in the design of a central bank digital currency (CBDC) was emphasized in a paper the United States Federal Reserve Board released Nov. 17. The paper, part of the Fed’s Finance and Economics Discussion Series, reviewed the theoretical literature on CBDCs in large, developed economies, with a particular view to the United States. It looked at the risks and benefits to the banking system of introducing a CBDC, with particular focus on the role of CBDC design in the implementation of monetary policy, and remuneration, that is, payment of interest, as a critical design feature.

16.11 / 21:55

CBDC Digital MasterCard Citigroup Reserve MasterCard, Citigroup and Other Global Banking Giants Start Digital Dollar Pilot With New York Federal Reserve

Global financial services giants such as MasterCard, Citigroup, and others are joining hands with the Federal Reserve Bank of New York to start a 12-week-long pilot for a digital dollar system.

15.11 / 21:41

CBDC regulation Federal Reserve week NY Fed launches 12-week CBDC pilot program with major banks

The Federal Reserve Bank of New York’s Innovation Center, or NYIC, announced that it would be launching a 12-week proof-of-concept pilot for a central bank digital currency, or CBDC.

10.11 / 22:05

CBDC regulation Digital Asset rights The Clearing House stands up for bank rights, opposes CBDC in comments for US Treasury

United States payment systems operator The Clearing House has released its response to a Treasury Department request for comment on “digital-asset-related illicit finance and national security risks as well as the publicly released action plan to mitigate the risks.” The Clearing House found significant security serious risks associated with digital assets, but was concerned that banks should have the same opportunities to participate in the market as nonbanks.

05.11 / 00:57

CBDC Adoption Federal Reserve settlement wholesale FX spot settlement in 10 seconds: NY Fed releases results of wholesale CBDC research

The Federal Reserve Bank of New York Innovation Center has released a report on the first phase of its Project Cedar wholesale central bank digital currency (wCBDC) Nov. 4. The Fed still has no plans to issue a CBDC, NY Fed executive vice president and head of markets Michelle Neal said at a presentation in Singapore, but it has investigated foreign exchange spot settlement “from the perspective of the Federal Reserve.” Its prototype wCBDC, intended for use by financial institutions rather than the public, was able to implement transactions dramatically faster and more securely than the current standard.

05.11 / 00:57

Blockchain CBDC Adoption Central Bank banking system CBDCs are a declaration of war against the banking system claims economist

CBDCs are a declaration of war against the banking system, Richard Werner — development economist and professor at De Montfort University — told Cointelegraph at Web Summit on Nov. 4.

03.11 / 08:41

Blockchain CBDC Adoption Threat CBDCs are no threat to crypto, says Binance boss

Binance CEO Changpeng "CZ" Zhao appears to have softened his stance on central bank digital currencies (CBDCs), arguing in a conference that he doesn’t think CBDCs are a threat to his company or the crypto sector.

02.11 / 12:59

Citi CBDC Digital Another Digital Yuan Giveaway Will See $2.75m Distributed in China’s Fuzhou

China’s digital yuan pilot continues to gather pace: The nation’s central bank is teaming up with an e-commerce heavyweight in an effort to boost adoption. The parties will be giving away another $2.75m worth of coins (in e-voucher form) in the city of Fuzhou, in China’s Fujian Province.

01.11 / 14:35

CBDC banking Indian CBDC: Indian Central Bank Begins Digital Rupee Pilot

The Reserve Bank of India (RBI), the country’s central bank, has started a pilot program of its digital currency today, in cooperation with nine banks. It also released a Concept Note on Central Bank Digital Currency (CBDC) for India.

01.11 / 00:36

CBDC Adoption retail retail CBDC Singapore’s MAS says no urgent case for retail CBDC, but launches 4 fast trials of it

The Monetary Authority of Singapore (MAS) has wrapped up the first stage of its Project Orchid examination of a retail central bank digital currency (CBDC). According to the white paper released on Oct. 31, there is no “urgent case” for a retail CBDC in Singapore, but the study envisioned the infrastructure required in case a need arose. It also conceptualized a new model for digital currency — purpose-bound money — and pulled large Singaporean banks and government agencies into the research with a series of trials.

26.10 / 07:51

CBDC Adoption enaira Nigerians' passion for crypto is stopping short at the eNaira

Nigeria’s central bank digital currency (CBDC) is not getting the warm reception expected from its crypto-savvy population.

25.10 / 12:05

UPS CBDC Digital Platform Japanese Credit Card Giant JCB Begins CBDC Pilot in Tokyo

The Japanese credit card giant JCB is set to begin a central bank digital currency (CBDC) pilot that will intentionally make use of technology similar to that used by the central Bank of Japan in its own digital yen experiments.

21.10 / 23:17

Stablecoin CBDC Adoption Backed retail CBDC Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin

The Hong Kong Monetary Authority presented its completed Aurum retail central bank digital currency (CBDC) prototype on Oct. 21. The system, developed in conjunction with the Bank for International Settlements (BIS) Innovation Hub, has a unique structure that reflects the intricacies of the existing system for issuing money in Hong Kong.

frequently asked questions about CBDC

What is CBDC and why is it relevant?

CBDC is a trending topic that is in the spotlight. On our site, we regularly publish articles related to this subject.

Where can I find the latest updates on CBDC?

All recent news about CBDC can be found in the special selection. We publish information as it becomes available.

How can I verify the accuracy of information on CBDC?

We consult with professionals to ensure that the information about CBDC is reliable and valuable for our readers.