CBDC Financial News

14.11 / 00:39

CBDC Digital Citizens Fighting stage reports Russian Banks ‘Fighting Back’ Against Digital Ruble – Report

Russian banks are reportedly “fighting back” against the digital ruble amid claims a CBDC launch would cost them $684 million a year.

13.11 / 23:29

CBDC regulation Asia APEC finance ministers to share perspectives on crypto at meeting in San Francisco

The weeklong Asia-Pacific Economic Cooperation (APEC) summit began on Nov. 11 in San Francisco. The highlight of the event will surely be on the sidelines, when United States President Joe Biden and Chinese leader Xi Ping meet on Nov. 15. But with the focus of the organization being on the regional economy, the finance ministers’ meeting is also of primary importance.

09.11 / 06:29

Citi CBDC Digital CEO President performer Russians Will Be Able to ‘Withdraw’ Digital Rubles as Cash at ATMs

A major Russian bank has created a solution that lets digital ruble holders perform real-time “withdrawal”-type cash conversions at ATMs.

08.11 / 16:05

CBDC Athena Bitcoin to Integrate Lightning Network for Bitcoin ATMs in El Salvador

Athena Bitcoin has announced plans to integrate the Lightning Network into its crypto ATM fleet in El Salvador with wider expansion targeted at the entire Latin American region.

08.11 / 14:19

CBDC Adoption regulation ECB BIS BIS general manager urges central banks to “lead innovation” for CBDCs

Central banks have a responsibility to keep pace with the digital age and lead innovation, Agustín Carstens, general manager of the Bank for International Settlements (BIS), believes.

06.11 / 22:23

CBDC Adoption regulation FTX sentencing 2024 Jury finds SBF guilty on all charges, sentencing set for March 2024: Law Decoded

Former FTX CEO Sam “SBF” Bankman-Fried’s public trial in a New York court ended with the jury finding him guilty on all seven charges on Nov. 3, including two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy. He will return to court for sentencing by Judge Lewis Kaplan on March 28, 2024. Government prosecutors will recommend a sentence, but Kaplan will have the final say.

06.11 / 07:55

CBDC Crypto regulations India’s Central Bank Governor Warns Crypto Poses Higher Risk to Emerging Markets

Reserve Bank of India (RBI) Governor Shaktikanta Das has once again warned about the threats that cryptocurrencies pose to global financial stability, particularly for emerging market economies.

03.11 / 15:51

CBDC Ripple XRP Georgia National Bank Partners with Ripple to Host New Digital Lari CBDC Pilot – Adoption on the Rise?

The National Bank of Georgia (NBG) has partnered with Ripple as the official technology provider for its Central Bank Digital Currency (CBDC) pushing for a pilot in the near term.

03.11 / 08:35

CBDC Adoption Ripple Tokens Digital Asset Ripple to power Georgia’s central bank digital currency, the digital Lari

The National Bank of Georgia (NBG) has selected Ripple Labs Inc., a leading blockchain payments platform, as the official technology partner for developing Digital Lari, their central bank digital currency (CBDC) project.

02.11 / 10:29

CBDC tokenization regulatory Tokenized Future: Hong Kong’s Regulatory Shifts Towards Digital Assets

Hong Kong is mapping out clear guidelines for tokenization and digital assets. The city aims to achieve a mix of innovation and consumer protection for both the developers and the users. This initiative, as part of a broader push, is steered towards placing Hong Kong at the center of fintech evolution in Asia.

02.11 / 10:19

business CBDC regulation Banks Central Bank Swiss wholesale CBDC pilot kicks off in alliance with central, commercial banks

The Swiss National Bank (SNB), six commercial banks and the SIX Swiss Exchange will work together to pilot the issuance of wholesale central bank digital currencies (CBDCs) in the nation, officially known as the Swiss franc wCBDC.

02.11 / 03:19

CBDC VISA Visa Successfully Concludes CBDC Pilot Program in Hong Kong with HSBC and Hang Seng Bank

Visa, a global leader in payments technology, has announced the successful completion of a pilot test of tokenized deposits using central bank digital currencies (CBDCs).

01.11 / 10:21

CBDC regulation Europe European Union Euro Survey: 65% of Spaniards aren’t interested in using digital euro

As the Bank of Spain embraces the potential adoption of a digital euro, the country’s population doesn’t appear to have the same strong appetite for the European Central Bank’s digital currency project.

31.10 / 20:39

CBDC Adoption ECB Project mBridge reveals details of its workings ahead of MVP, commercial debut

The Bank for International Settlements (BIS) released a colorful and fact-filled Project mBridge update on Oct. 31. The publication combines technical and promotional discussions in a shift of tone as the project prepares to become a minimum viable project for commercial launch next year.

31.10 / 19:35

Stablecoin CBDC BIS Cross-border Utility Lack of Global Regulation and Inconsistencies Could Hinder Stablecoin Cross-border Utility: CPMI Report

Financial authorities continue to tip stablecoins as a pathway to better cross-border payments but a new report shows that regulations, competition, and network scale pose threats to wider adoption.

31.10 / 09:38

CBDC Adoption regulation Africa end Kenya to introduce digital IDs for citizens by year-end

The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take the next few months. According to the president of Kenya, William Ruto, whose speech at the East Africa Device Assembly Kenya plant in Athi River was cited by local media on Oct.30:

31.10 / 06:59

business CBDC Adoption Central Bank Dollar e-HKD Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2

The Hong Kong Monetary Authority (HKMA) is gearing up for the second phase of the e-HKD (e-Hong Kong dollar) pilot program as it announced the successful completion of the Phase 1 trial of its in-house central bank digital currency (CBDC).

30.10 / 17:39

CBDC retail CBDC e-HKD Hong Kong Uncertain on e-HKD Issuance, Says Retail CBDC Needs More Study

As financial institutions worldwide explore the adoption of digital currencies, Hong Kong’s stance on its own Central Bank Digital Currency (CBDC), known as e-HKD, remains cautious. A recently published report by the Hong Kong Monetary Authority (HKMA) highlights both the opportunities and challenges surrounding the implementation of a retail CBDC in the special administrative region.

27.10 / 18:19

CBDC Deutsche Bank Standard Chartered Deutsche Bank and Standard Chartered Venture into SWIFT Alternative for CBDCs

Deutsche Bank and Standard Chartered’s venture arm SC Ventures are exploring a solution that aims to enable seamless communication between blockchain-based transactions, stablecoins, and central bank digital currencies (CBDCs).

27.10 / 17:49

Stablecoin CBDC regulation Federal Reserve Bank of England Fed, BOE officials share continuing interest in CBDCs, stablecoin regulation

The Federal Reserve Board continues to research a central bank digital currency (CBDC), or at least adjacent technologies, vice chair Michael Barr said on Oct. 27. He also touched on stablecoins at the Economics of Payments XII Conference where his English colleague Sir Jon Cunliffe made his last speech as deputy governor of the Bank of England (BOE).

27.10 / 16:09

CBDC Bank of England UK Consultations UK Residents Flag Privacy Concerns in Digital Pound Consultations: Bank of England

The Bank of England (BOE) says the majority of 50,000 feedbacks it received from the public consultation on the digital pound revolve around privacy and fiat scarcity concerns.

frequently asked questions about CBDC

What is CBDC and why is it gaining attention?

CBDC is a significant category that draws public attention. On our site, we regularly publish articles related to this subject.

Where can I find the latest updates on CBDC?

All latest articles about CBDC can be found in the dedicated section. 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 accurate and valuable for our readers.