CBDC (CBDC) News

Back in 2020, the Central Bank of Jamaica announced its readiness to launch its token. The regulator already then began to negotiate with IT companies that should help the country create a national digital currency. Prime Minister Andrew Holness told reporters that he has no doubts about the...

According to the CEO of the crypto exchange Binance Changpeng Zhao, CBDC will make a great contribution to the development of the global economy. The cryptocurrency industry will benefit from the emergence of an innovative tool, but the central banks issuing their tokens should not be allowed to...

China imposed a ban on all cryptocurrency transactions for financial institutions and payment companies. Banks and online services are prohibited from advertising any transactions that relate to them. It is also forbidden to mine cryptocurrency, but with all this, it is allowed to keep virtual...

In May, the head of the National Bank of Kazakhstan, Yerbolat Dossayev, said that testing the digital tenge (CBDC) could begin this year. This week, the Central Bank published a report in which it revealed some details of its concept of a national digital currency. This document states that the...

In terms of the program Jura, national banks of France and Switzerland, together with the BIS Innovation Hub implemented a test for wCBDC (wholesale central bank digital currency). The experiment was a part of the Banque of France series of CBDC tests, which started in March 2020. It leveraged a...

The Bank of Thailand plans to launch a national digital currency (CBDC). Back in the spring, the regulator announced trials of its token. At the same time, the Central Bank is very negative concerning bitcoin and other virtual coins. On December 7, the Central Bank issued a decree requiring...

Recently, more and more countries have announced their readiness to issue a national digital currency (CBDC). Moreover, central banks do not hide the fact that by integrating their token into the financial sector of the state, they intend to reduce the impact of bitcoin. Judah Agung of Indonesia's...

In early summer, the Tanzanian authorities announced the legalization of digital currencies. Now it became known about the plans of the Central Bank to issue a token (CBDC). The corresponding statement last week was made by the head of the Central Bank Florence Luoga. According to him, the...

Central bank digital currencies (CBDCs) are the instruments of our future to bring about a global financial revolution. This point of view is shared by the management of the Bank of England. Deputy Head of the Central Bank John Cunliffe, during his speech at the Parliamentary Committee on Economic...

Back in early summer, the press center of the Central Bank of Brazil announced the regulator's plans to issue a digital version of the real (CBDC) within the next two to three years. Then, information about the start of token testing began to spread on social networks. The Central Bank denied these...

Many states have already announced plans to create national digital currencies (CBDCs). In addition to the CBs of China and Sweden, many other regulators from Europe and Asia have issued a series of statements of intent over the past two years to introduce tokens pegged to fiat currencies. The...

In early June, the press service of the Central Bank of Brazil said that digital real could appear in approximately two or three years. The authorities of the country will not rush to launch a national token (CBDC), as they need additional time to assess the long-term potential of the instrument...

Swiss National Bank (SNB) has completed testing of the wholesale CBDC (wCBDC). Board member Thomas Moser said in an interview that the technical launch could take place in January 2022, subject to a political decision. If approved, the regulator will use the SIX Digital Exchange (SDX)....

Vikram Pandit, chairman of The Orogen Group and former CEO of Citigroup, is convinced that soon all major financial institutions will think about trading cryptocurrencies. “In one to three years, every major bank or stock company will be actively thinking, 'Shouldn't we trade cryptocurrency...

China is on the list of countries that create national digital currencies (CBDC). The work on the deployment of the token slowed down during the coronavirus pandemic, but the leadership of the Middle Kingdom promised to complete it and provide a digital version of the yuan. Mu Changchun, who heads...

Many states are moving towards the creation of national digital currencies (CBDC). With the help of such a tool, the authorities expect to reduce transaction costs, increase the availability of financial services for the population, and also minimize the amount of investment in bitcoin, which is...

Back in the winter of 2019, it became known about the plans of the United Arab Emirates and Saudi Arabia to issue a joint digital currency as part of the so-called Abra project. The same states are moving towards the creation of their national tokens (CBDC). The Abra project is the basis for the...

One of the EU's largest CBDC tests took place today by France. The Central Bank of France carried out around 500 transactions using a blockchain technology system developed by New York-based tech corporation International Business Machines (IBM). The experiment was led by a Belgian financial...