CBDC (CBDC) News

Digital Pound Foundation, a separate forum engaged in the development of the U.K's central bank digital currency (CBDC) announced its launch today (October 14). The DPF is formed by tech, innovation, and regulation specialists. Its Chair is Jeremy Wilson, former Vice President of London-based...

The central bank of Britain is carrying out research on CBDC (Central Bank Digital Currency). The institution aims to include various banking and fintech experts to participate in the process. For this purpose, the Bank of England and HM Treasury informed about the membership of its CBDC Engagement...

The President of the Central Bank of Chile, Mario Marcel, spoke about plans to form a team to explore the possibilities of digital currencies of national banks (CBDC). In the first quarter of 2022, the group will present a document with information on strategic goals, development rules, and...

Noel Quinn, who is the CEO of the $ 3 trillion financial group, HSBC, is still skeptical about the prospects for Bitcoin and other cryptocurrencies. In doing so, he supports the plans of central banks to create national tokens (CBDC). The financier published an article on the website of his bank,...

The Bank for International Settlements (BIS) management supports central banks' plans to create national digital currencies (CBDCs). Back in June, this financial institution published a report stating that the appearance of the token would accelerate the modernization of the entire payment...

India has joined those states that are accelerating the development of a national digital currency. Testing of the Central Bank token (CBDC) should begin before the end of this year. Shaktikanta Das, representing the leadership of the Central Bank, told the journalists about this. The Reserve Bank...

The Ukrainian authorities continue to work on the creation of a national digital currency. Earlier, representatives of the government and the Central Bank have repeatedly stated that in addition to the launch of a regulated token (CBDC), Kyiv intends to legalize the cryptosphere. This week, the...

Jamaica’s CB minted the first amount of the country’s national currency in digital form. On August 9, the official site of the establishment published the news. The division working on the digital currency project carried out a small financial ceremony demonstrating the way of minting. Among...

Many countries in the post-Soviet space are considering options for launching a national digital currency (CBDC). Russia, Georgia, and Kazakhstan have already announced their readiness to develop a token pegged to fiat money. Now the National Bank of Ukraine has received the same right. The...

In a few years, we will see cash become part of history and finally be replaced by digital currencies. This point of view was expressed by João Manoel Pinho de Mello, who is the director of the Central Bank of Brazil. People and companies themselves will begin to switch to such forms of payment...

Initially, the Central Bank of Canada spoke out strongly against the launch of a national digital currency (CBDC). However, at the end of last year, the regulator for the first time made a change in its position on this issue. In parallel, the Canadian Central Bank began to look for specialists in...

China is one step closer to the launch of the digital Yuan. Today, the People's Bank of China (PBoC) has released a whitepaper of the CBDC. The paper shows that electronic Chinese yuan (e-CNY) is created to be programmable with smart contracts functions. However, the date of the official launch or...

The Central Bank of Jamaica announced its intention to begin testing its digital currency (CBDC) in August 2021. The list of countries ready to launch a token, if necessary, is constantly growing. New Zealand may be replenishing it soon. The central bank plans in the coming months to analyze the...

From European countries, Sweden and France recently announced accelerating efforts to create national digital currencies (CBDCs). Now Spain can join them. A proposal was sent to the Congress of this state to launch a token in connection with a decrease in the use of cash. A supporter of the launch...

Israel has adapted Ethereum blockchain technology for a pilot project to study the central bank's digital currency (CBDC). During the experiment, the IT department of the Bank of Israel created digital wallets through which employees can transfer "virtual shekels" to each other. No real...

The Bank of Israel told about the beginning of testing the digital shekel. As the deputy head of the Central Bank Andrew Abir noted, the national digital currency (CBDC) will be issued only by the regulator. All operations with such a tool will become as transparent as possible. Testing is already...

Back in the fall of last year, Brazilian Economy Minister Paulo Guedes announced his country's intention to launch a national digital currency (CBDC). The creation of the token will become part of a large-scale project of the authorities to digitize the economy. Moreover, the head of the department...

The Central Bank of Ghana is in a superior stage of developing a CBDC. This was announced by the head of the regulator Ernest Addison. Ghana has become the first country in the region to explore the idea of a CB's digital currency, the official said. “We are moving in stages. The first was...