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CBDC News and Articles



PayPal

PayPal is planning to be a digital wallet for global CBDCs

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Payment giant PayPal will enhance the integration of cryptocurrencies into its business, including by positioning the supported application as a "digital wallet for global national digital currencies (CBDC)". Similar plans were shared by the CEO of the company Dan Shulman at a conference...

India

Indian central bank examines need to launch digital rupee

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The Reserve Bank of India (RBI), the country's central bank, is looking into the need to launch its digital currency (CBDC). In a brochure on payments systems published on Monday, January 25, RBI said it is going to explore launch options if the need for the digital rupee arises. “Private digital...

Banque of France CBDC test

Bank of France CBDC Pilot Transactions Exceeded €2 M

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Central Bank of France published the CBDC (Central Bank Digital Currency) test results. The experiment took place on December 17. During it, the first time performed CBDC transaction had success. The bank used a private blockchain of the French fund administration platform called IZNES. Blockchain...

Sweden

Sweden will report on the effects of the launch of the token

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The Swedish Ministry of Finance plans to complete work on assessing the consequences of the launch of a regulated token (CBDC) by the end of 2022. The country's authorities decided to accelerate the implementation of the project to create a token pegged to the crown since many countries are also...

CBDC, what is it

What Is CBDC? Which Are the Countries Experimenting With It?

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The concept of CBDC CBDC (Central Bank Digital Currency) is a new class of cryptocurrency that different governments worldwide are observing. The main difference between CBDC and regular currencies is that the first one is designed to run innovative payment solutions, especially a blockchain in...

Japan

Japanese business supports CB ambition to launch digital yen

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Large financial institutions in Japan support the country's central bank's aspiration to issue a national digital currency (CBDC). For example, the CEO of Monex Inc., Oki Matsumoto, told reporters that the arrival of the digital yen would strengthen the country's position in the global market....

Japan

The CB of Japan can issue its token only in a few years

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Japan's central bank will not be able to quickly issue its digital currency (CBDC). It will take him several years to realize his plans, says Hiromi Yamaoka, who previously headed the Department of Payment and Settlement Systems of the Central Bank. In an interview with Reuters, he said that there...

Australia a wholesale CBDC

Australia is Looking for Ways to Practice a Wholesale CBDC

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The Reserve Bank of Australia builds a partnership to find out the opportunities of practicing a blockchain-based central bank digital currency in a wholesale form. Today the officials informed the bank will be cooperating with the National Bank, an Australian multinational bank CommBank, the fund...

Digital Yuan

Legal framework for digital yuan to be presented in November

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At the end of last week, the People's Bank of China presented the public with a digital currency regulation (CBDC) bill. Then the regulator announced that the final version of the document would be ready by the end of November. The bill states that the digital yuan will be recognized as the...

Bahamas launches a CBDC

The Bahamas launches its CBDC

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The Central Bank of the Bahamas has launched its own blockchain-supported central bank digital currency (CBDC), becoming one of the first countries on the global scale to formally issuing a CBDC. Named “Sand Dollars,” the tokens are cryptographic symbols of the Bahamian dollar, minted and...

China

China's CBDC has been used in transactions worth $162M

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The People's Bank of China (PBOC), the country's central bank, has already conducted pilot digital currency transactions (CBDC) worth 1.1B yuan (~ $ 162 million). That was announced by the deputy head of the NBK Fan Yifei at the virtual conference Sibos 2020 organized by SWIFT. As of the end of...

Digital Euro

The digital euro will be used not only in the eurozone

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The European Central Bank expects that the digital euro (CBDC) will be used not only in the European Union but also in other countries. That is stated in the report of the regulator, published at the end of last week. It also notes that research into the creation and application of CBDCs will...

China

Chinese banks start testing service for storing digital yuan

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Several Chinese state-owned banks have begun testing a digital yuan storage and transmission service (CBDC). According to Reuters, the crypto wallet is being tested in major cities of the Middle Kingdom, including Shenzhen. Earlier it became known that the People's Bank of China has completed the...

Philippines CBDC

The Bank of the Philippines wants to issue its CBDC

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The Philippine Central Bank has set up a working group to study the need and possible implications of issuing own digital currency (CBDC). Bloomberg reports about it with reference to the statement of Benjamin Diokno the head of the CB. A further decision on the release of CBDC will be made after...

Japan CBDC

Bank of Japan creates a working group to study CBDCs

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The Japanese central bank has announced the creation of a new working group to study CBDC, Reuters reports. A closer study of this issue by the Japanese regulator was prompted by an increase in demand for cashless payments and growing attention to CBDC from other central banks. The group will...

Japan CBDC

Japan will include CBDC in the country's economic plan

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Japanese authorities will include the problem of working with the Central Bank's digital currency (CBDC) in the official economic plan. According to the Cointelegraph, citing local media, the CBDC will enter the Honebuto economic recovery plan, which is part of Japan’s national strategy. The...

Thailand

Another Central Bank is planning to launch its crypto coin

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The number of countries wishing to develop their digital currency continues to grow. This week, the Central Bank of Thailand announced the launch of a project to create its token (CBDC). The regulator’s statement notes that before the official release of the cryptocurrency, it is planned to test...

China

China considers the launch of stablecoin for East Asia

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China offers another crypto project aimed against the leadership of the US dollar in international payments. Chinese leaders intend to create a cryptocurrency for East Asia to reduce dependence on the US dollar and strengthen trade ties in the region. According to Nikkei Asia, ten members of the...

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