Retail CBDC Financial News

04.12 / 20:09

CBDC Bank of England retail CBDC UK Treasury Advises Lower Limits on Retail Digital Pound Over Fears of Bank Runs

The UK Treasury Committee released a report on December 2, advising the Bank of England to proceed cautiously with plans for a retail digital pound, citing concerns that its introduction could spark bank runs and destabilize the financial system.

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.

12.09 / 21:59

CBDC Adoption Central Bank BIS retail CBDC Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity

The Bank for International Settlements and the central banks of Hong Kong and Israel released the results of Project Sela on Sept. 12. The project was a public-private partnership that used private intermediaries to create a retail central bank digital currency (rCBDC) combining the desirable characteristics of cash and the advantages of digitalization.

07.09 / 19:47

Digital retail CBDC Retail CBDC transactions to rise exponentially: RBI Deputy Governor

central bank digital currency (CBDC) transactions being carried out per day at a system-wide level is currently at 18,000, with the figure expected to rise dramatically in coming months, a government official said. In July, RBI deputy governor T Rabi Sankar had said that the central bank was aiming for a million retail CBDC transactions per day by the end of the current calendar year. The government official said on Thursday that the number of retail CBDC transactions would rise exponentially in coming months as interoperability with UPI QR codes would kick in. Sankar had said in July that 13 banks had already done partial interoperability where the UPI QR codes could be scanned for CBDCs.

12.06 / 20:31

CBDC Adoption retail retail CBDC Thailand launches retail CBDC pilot with 2 banks and Singapore payment service

The Bank of Thailand will launch a retail central bank digital currency (CBDC) pilot project in a regulatory sandbox this month. Three payment providers will take part, according to local media. The project will involve up to 10,000 users and run through August.

09.06 / 15:39

Sport Google security Fraud European Union Google Cloud retail CBDC Customers Today in Crypto: Google Cloud Offers Certain Customers Up To $1M for Cryptomining Attacks, Countdown Until MiCA Enters into Effect Officially Starts, Hong Kong to Lay Foundations to Implement Retail CBDC

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26.05 / 15:29

CBDC Adoption regulation Federal Reserve Bank of England ECB Bank of Canada retail CBDC 7 central banks and BIS continue examination of ongoing policy issues for retail CBDC

The Bank for International Settlements (BIS) and a group of central banks have published a paper detailing their “ongoing policy perspectives” on a retail central bank digital currency (rCBDC). The new publication is the fifth from the same authors.

06.03 / 19:35

business CBDC transactions Central Bank BIS retail CBDC BIS wraps exploration project on retail CBDC payment system

The Bank for International Settlements, or BIS, has reported it has concluded a project exploring international retail and remittance payments use cases for central bank digital currencies, or CBDCs, with the central banks of Israel, Norway and Sweden.

25.02 / 00:57

CBDC regulation Central Bank retail recommendations retail CBDC IMF offers Jordan’s central bank recommendations for implementing retail CBDC

The Central Bank of Jordan is closer to its next step toward a retail central bank digital currency (rCBDC) with the completion of an International Monetary Fund (IMF) technical report on the country’s markets. The IMF conducted a three-month mission last year to assist the bank with preparations for a CBDC feasibility report. The IMF released its report Feb. 23.

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.

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.

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.

21.09 / 23:39

CBDC Adoption retail retail CBDC Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp

The Hong Kong Monetary Authority (HKMA) published a paper outlining the state of research on its proposed retail central bank digital currency (rCBDC) and plans for its further development. This is the third paper the HKMA has published on the e-HKD, as the proposed CBDC is called.

05.08 / 13:47

UPS retail CBDC Bank of Thailand to launch retail CBDC pilot

Vachira Arromdee, deputy governor of the central bank, stated that the study will match the interest of other central banks, focusing on the development of retail CBDC and its possible impacts across the banking sector.

05.08 / 12:35

CBDC Adoption regulation retail CBDC end The Bank of Thailand to pilot Retail CBDC by the end of 2022

On top of its wholesale central bank digital currency (CBDC) projects and proof-of-concept Retail CBDC testing with corporates, the Bank of Thailand (BOT) will extend the scope of CBDC development aimed at retail to a pilot phase. A possible real-life application of the "Retail CBDC" will be conducted inside the private sector on a limited scale.

17.06 / 13:27

COST Digital Strategy HKMA retail CBDC HKMA Announces Joint Research with Bank of Israel, BISIH for Retail CBDC

The Hong Kong Monetary Authority (HKMA) announced joint research with the Bank of Israel (BOI) and the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Centre for retail Central Bank Digital Currency (CBDC).

31.03 / 00:55

Blockchain Adoption regulation Federal Reserve retail CBDC Ted Cruz introduces companion to Emmer's bill to exclude Fed retail CBDC digital currency issue

Texas Sen. Ted Cruz introduced companion legislation into the U.S. Senate on Wednesday for Minnesota Rep. Tom Emmer’s bill prohibiting the Federal Reserve from issuing central bank digital currency, or CBDC, directly to individuals, Emmer announced. Emmer introduced the House bill Jan. 18. Fellow Republican Cruz’ legislation could potentially speed up passage or rejection of the bill by allowing it to be considered in both chambers of Congress at the same time.

13.01 / 16:41

Blockchain regulation retail CBDC committee UK Economic Affairs Committee unconvinced by prospect of retail CBDC

The House of Lords Economic Affairs Committee — an investigative governing body representing the economic interests of the United Kingdom — has released an official report assessing the pertinence of a government-issued central bank digital currency (CDBC).

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