CBDC Financial News

29.11 / 19:47

CBDC Adoption Cybersecurity Cybercrime Central Bank BIS BIS advises central banks to plan in advance for CBDC security

Issuing a central bank digital currency (CBDC) requires adequate attention to security, the Bank for International Settlements (BIS) reminded central bankers in a report on Nov. 29. An integrated risk-management framework should be in place starting at the research stage, and security should be designed into a CBDC, the report said.

29.11 / 17:51

CBDC privacy BIS digital euro Project Tourbillon: CBDCs Can Meet Privacy Requirements, BIS Research Reveals

The Bank for International Settlement (BIS) has released the final report on Project Tourbillion, its privacy-inclined Central Bank Digital Currency (CBDC) project.

29.11 / 12:55

CBDC Adoption BIS BIS Innovation Hub presents its ‘private CBDC’ project

The Bank for International Settlements (BIS) Innovation Hub has presented the final report on its private central bank digital currency (CBDC) initiative, Project Tourbillon. The prototypes built in the project’s framework could allow payment anonymity for CBDC transactions.

28.11 / 18:15

CBDC PBoC e-CNY China’s CBDC Development is “Already On Track” and Nearing Completion: Ex-PBOC Governor

Former Governor of China’s central bank PBOC is all optimistic about the country’s central bank digital currency (CBDC) nearing completion.

28.11 / 16:19

business Blockchain CBDC More foreign banks join China’s CBDC pilot trials

More foreign banks have joined China’s digital yuan central bank digital currency (CBDC), the e-CNY, following British bank Standard Chartered’s entry on Nov. 27, bringing its total to four.

28.11 / 07:03

CBDC Singapore Central Bank Chief Sees No Future for Private Cryptocurrencies

Singapore’s central bank’s managing director, Ravi Menon, emphasized that private cryptocurrencies falling short of fundamental financial service tests will eventually fade from the monetary scene.

24.11 / 06:35

CBDC Digital Citizens Progressive testing 100,000 South Koreans Will Start Using CBDC Next Year

The Bank of Korea (BOK) has announced that 100,000 South Korean citizens will start making “real-world” CBDC transactions next year.

23.11 / 09:27

Blockchain CBDC Adoption BIS 2024 South Korea to invite 100K citizens to test CBDC in 2024

The Bank of Korea (BOK) — South Korea’s central bank — has said it will invite 100,000 Korean citizens to purchase goods with deposit tokens as part of its central bank digital currency (CBDC) pilot. The testing will start “around September to October” of 2024 and last for three months.

22.11 / 20:06

CBDC digital euro NOT Spain’s Central Bank Governor Says Digital Euro Not Consumer Priority, Pushes for Wider Collaboration

The Governor of Spain’s central bank, Pablo Hernandez de Coz says there is no urgent desire among users in the jurisdiction for a Central Bank Digital Currency (CBDC), explains the digital euro’s roadmap.

20.11 / 22:38

business CBDC Digital Currency Cambodian digital currency bakong amps up use case with Alipay agreement

The bakong, a digital currency operated by the National Bank of Cambodia (NBC), will provide users with access to the Alipay merchant network and enable cross-border transactions on Alipay+ using QR codes under a memorandum of understanding (MoU) signed at the FinTech Expo in Singapore, the local press reported.

20.11 / 10:13

CBDC e-HKD Digital Hong Kong Dollar Pilot Plan to Enter Second Phase Next Year

The Hong Kong Monetary Authority (HKMA) is set to initiate the second phase of its digital Hong Kong Dollar project next year, focusing on the exploration of innovative applications and reinforcing collaborations across the financial industry.

20.11 / 05:35

CBDC Digital Fighting country reports Russian Lawmakers Urge Central Bank to Rethink Digital Ruble Plans

Russian lawmakers want the country’s Central Bank to ditch its current retail model digital ruble in favor of a wholesale alternative.

20.11 / 01:51

business CBDC Central Bank Bitcoin Elections Bitcoin-friendly Javier Milei wins Argentina presidential election

Argentina's Bitcoin (BTC)-friendly Javier Milei won the country’s presidential run-off election on Nov. 19, beating out his opponent Sergio Massa.

19.11 / 12:07

business Technology CBDC Financial Ripple’s James Wallis underscores CBDCs’ role in breaking financial barriers

James Wallis, Ripple’s vice president for central bank engagements and central bank digital currencies (CBDCs), has highlighted the role of CBDCs in advancing global financial inclusion in a brief video. Wallis clarifies that financial inclusion aims to extend financial services to individuals worldwide, especially those with low incomes and no ties to financial institutions.

17.11 / 09:37

Blockchain CBDC Digital MasterCard Experts country innovations NOT CBDC’s Not Yet Ready for Mainstream, Says Mastercard Expert

Mastercard’s expert Ashok Venkateswaran has expressed skepticism about the current viability of widespread central bank digital currencies (CBDC), claiming that the broad adoption of CBDC could be “difficult,” according to CNBC.

17.11 / 06:03

Blockchain CBDC Adoption Digital Currency Digital Dollar Singapore central bank to trial live wholesale CBDC for settlements

A pilot program for a live Singapore dollar-based central bank digital currency (CBDC) was unveiled by Singapore’s central bank with a wholesale CBDC to be used by local banks for settlements.

16.11 / 13:51

CBDC Singapore’s Monetary Authority to Expand Wholesale CBDC Pilots

Singapore’s central bank, The Monetary Authority of Singapore (MAS) has unveiled plans to start live Central Bank Digital Currency (CBDC) wholesale pilots and efforts to expand the framework.

16.11 / 10:55

Provident CBDC Digital Platform stage country CBDC Milestone: Kazakhstan’s Central Bank Introduces Digital Tenge in Pilot Phase

The National Bank of Kazakhstan has initiated a pilot phase for its central bank digital currency (CBDC), becoming the latest bank to jump on the CBDC craze.

15.11 / 12:45

CBDC IMF Cross-border Utility IMF Director Urges Institutions to Look Toward CBDCs, Highlights Cross-border Utility

The managing director of the International Monetary Fund (IMF) Kristalina Georgieva has publicly praised the deployment of Central Bank Digital Currencies (CBDCs) by more countries.

15.11 / 12:12

CBDC Adoption Kazakhstan officially launches digital tenge

The chairman of Kazakhstan’s National Payment Corporation (NPC), Binur Zhalenov, has made the first transaction with the country’s new central bank digital currency (CBDC), the digital tenge. During his speech at the XI Congress of Finance in Almaty on Nov. 15, he paid with a debit card tied to the CBDC account, according to local outlet, Kapital.kz.

15.11 / 12:12

CBDC regulation IMF BIS Financial IMF head: CBDCs can replace cash, help financial inclusion

During her opening speech at the Singapore FinTech Festival, International Monetary Fund (IMF) managing director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies (CBDCs) and related payment platforms in the future.

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