CBDC Financial News

11.01 / 15:33

CBDC Adoption Central Bank Winter Olympics International Digital Yuan Ready for International Olympic Showcase at Beijing 2022 Games

China will allow overseas visitors from around the world to use its digital yuan for the first time at next month’s Winter Olympics, the central People’s Bank of China (PBoC) has confirmed.

11.01 / 04:21

CBDC Adoption Central Bank Winter Olympics Chinese App Marketplaces Report Massive Growth in Digital Yuan Wallet Downloads

China is teasing the launch of its digital yuan again, riding a wave of adoption with just weeks to go until the Winter Olympics in Beijing – the event the government hopes will finally allow the central People’s Bank of China (PBoC) to showcase its coin to the world.

05.01 / 16:51

CBDC Central Bank banking Polish Banks Mull CBDC, Cryptoasset Projects

Poland’s central bank (Narodowy Bank Polski, NBP) and the country’s largest retail bank seem to be accelerating their respective works on developing digital assets - with the former potentially working on a central bank digital currency (CBDC), and the latter possibly moving to launch its own crypto.

04.01 / 14:37

Blockchain CBDC Bitcoin China’s central bank releases pilot version of digital yuan wallet

As China's central bank steps up its effort to create a digital currency, the country has released a pilot edition of its digital yuan wallet application on mobile phone app stores.

04.01 / 11:59

CBDC wallet Central Bank Chinese Central Bank’s Digital Yuan App Hits Apple, Android Stores

China’s digital yuan is inching ever closer to rollout – with a pilot version of a central bank-issued app and wallet released on Apple and Android app stores in the country.

24.12 / 05:13

cryptocurrency CBDC NFTS Top crypto Meme coins, CBDCs, NFTs & ICOs among top crypto fads of 2021

cryptocurrencies as the digital asset class drew the most attention from various stakeholders — investors, developers, institutions, central banks and most importantly, governments. Interestingly, 90 per cent of India's retail investor pool was added in the current year itself as crypto investment became the talk of the town.

23.12 / 04:03

CBDC Adoption banking Banking Giant KB Creates Crypto, NFT & CBDC-compatible Wallets

The South Korean banking giant Kookmin Bank (KB) says it has developed new multi-coin wallets that are capable of storing non-fungible tokens (NFT) and various tokens including central bank-issued coins.

15.12 / 13:07

cryptocurrency CBDC RBI Parliament NOT Crypto Bill may not be introduced in Winter Session

cryptocurrency framework, a senior government official said. This means that it may not be introduced in the winter session of parliament as planned.

14.12 / 04:57

CBDC stablecoins Bitcoin Bitcoin Price Stablecoins steal the limelight from subdued bitcoin

bitcoin, the world's largest cryptocurrency, struggles to recover after a massive crash, regulatory and private sector focus has turned to another part of the digital currency world: stablecoins. The past week saw Meta Platforms Inc pilot its stablecoin payments wallet, while the world's largest payments processor Visa launched a crypto advisory service and said stablecoins, might become the medium of exchange rather than cryptocurrencies.

10.12 / 13:25

CBDC Adoption regulation Ruble Russia prioritizes CBDC ruble as overall crypto outlook seems positive

After the Chinese authorities introduced a complete ban on cryptocurrency transactions in September by equating them to illegal financial activity, local cryptocurrency miners either dropped off the radar or moved to other countries in order to continue with their business.

09.12 / 08:53

CBDC Adoption Digital Eastern Caribbean CBDC expands to another two territories

The Eastern Caribbean Central Bank (ECCB) rolled out its digital payment system to The Commonwealth of Dominica and the British overseas territory of Montserrat on Dec. 7, leaving only Anguilla left among the eight countries planning to implement it.

03.12 / 05:23

CBDC regulation Bitcoin Regulation Cabinet note suggests India will regulate, rather than ban, crypto

According to reports from local media, the Indian government will not move for an outright ban on crypto and will instead regulate the sector.

30.11 / 04:13

CBDC SBI Group SBI Boss Says that China Is Leading the CBDC Race – Ahead of the USA and Europe

The CEO of the Japanese financial heavyweight and crypto player SBI Holdings Yoshitaka Kitao has spoken out about central bank digital currencies (CBDCs) – and says China is currently leading the world in digital fiat technology.

29.11 / 11:11

CBDC RBI Cryptocurrency Bill Backed RBI-backed CBDC likely to feature in crypto bill: official

New Delhi: The proposal for a central bank digital currency (CBDC) backed by the country’s banking regulator may be included in the upcoming bill to regulate cryptocurrency, a top government official told ET.

26.11 / 16:09

CBDC exchanges Central Bank Chinese Central Gov’t Wants to Create ‘Digital Asset Exchanges’ as CBDC Nears

China’s policy-forming State Council has announced that it wants the nation to launch Beijing-based digital asset exchanges to power the adoption of its forthcoming central bank digital currency (CBDC) project, the digital yuan.

24.11 / 20:46

business CBDC Bank of Japan Japanese megabanks join consortium launching yen-based digital currency

A consortium of roughly 70 Japanese companies, including the country’s biggest financial institutions, have joined forces to trial and launch a new yen-based digital currency in fiscal 2022, sending a strong signal that the private sector was embracing blockchain-based payment systems.

24.11 / 08:57

CBDC Adoption Ripple National Palau partners with Ripple on climate friendly national digital currency

Ripple, the digital payment network, has partnered with the Republic of Palau to help the Pacific island nation develop its own digital currency.

22.11 / 22:21

Stablecoin CBDC regulation World Economic Forum businesses WEF releases resource suite for CBDCs and stablecoins aimed at regulators and businesses leaders

The World Economic Forum, or WEF, has published a resource suite aimed at informing lawmakers and individuals in the private sector about digital assets including central bank digital currencies and stablecoins.

18.11 / 01:21

Government CBDC regulation NOT U.S. is not moving fast enough to develop a CBDC, says former CFTC chair

Tim Massad, who served as chair of the Commodity Futures Trading Commission until 2017, said the United States is too slow in developing a plan to modernize its payment systems.

17.11 / 10:55

cryptocurrency CBDC Peru's central bank joins global push to develop a digital currency

CBDC), central bank President Julio Velarde said on Tuesday, as policymakers worldwide seek to keep pace with fast-spreading cryptocurrencies. Speaking at a conference with business leaders in Lima, Velarde said that Peru's central bank is working with the central banks of India, Singapore and Hong Kong in developing a CBDC.

10.11 / 00:37

CBDC regulation Bank of England UK treasury UK Treasury and central bank will consult on CBDC, potentially launching by 2030

The Bank of England and the United Kingdom finance ministry are planning to launch a consultation on the possible rollout of a central bank digital currency starting in 2022.

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