CBDC (CBDC) News

In early April, the Bank of Thailand proclaimed its intention to begin testing the national digital currency (CBDC) as early as 2022. Media reported this week that the Central Bank has attracted a German tech company to develop its token. Giesecke + Devrient (G + D) will participate in the creation...

The Central Bank of Canada has no plans to launch a CBDC yet. However, the deputy head of the Central Bank Timothy Lane has already promised that the regulator’s token will be much more environmentally friendly than bitcoin. If the largest cryptocurrency causes huge harm to the environment and is...

Indonesia has joined the countries wishing to launch a national digital currency (CBDC). According to Reuters, with the help of the token, the country's Central Bank expects to speed up the processing of internal and external transactions. In addition, the emergence of an innovative tool will...

Back in the fall of last year, the Bank of Korea announced the start of testing the national digital currency (CBDC). According to the Central Bank, testing of the token tied to the won should begin as early as 2021. According to Reuters, tests of the digital won should begin in August. They will...

The introduction of central bank digital currencies (CBDCs) will create benefits but may disrupt the financial system. Such conclusions are contained in the report of the rating agency Fitch. Among the advantages of CBDC, analysts named digitalization of operations, financial inclusion, increased...

The Georgian authorities decided to follow the example of those countries that are actively developing a national digital currency (CBDC). Recall that the Bank of France recently reported on the successful test of a token pegged to the euro. This week, the Central Bank of Georgia announced that it...

Another government has decided to accelerate the development of a regulated digital currency (CBDC). The Bank of England announced later this week that it is starting to recruit a team of professionals representing the blockchain industry. Seven vacancies were published about a week after the...

PwC research says more than 60 central banks are currently working to create national digital currencies (CBDCs). The Bahamas is the farthest in this matter. This state received 92 out of 100 points in the rating. The second and third places were taken by Cambodia and China, which received 83 and...

Today Bank of England's official website disclosed that together with HM Treasury the entity will build a CBDC (Central Bank Digital Currency) task force, which aims to organize the examination of a possible UK CBDC. There was noted in the release that the financial influencers haven's decided yet...

The Chinese digital currency (CBDC) has begun to be used as a payment instrument. As TASS clarifies, for the first time the digital yuan was used when buying an air ticket. The token was accepted for payment in Shanghai by Spring Airlines. The ticket, priced at 560 yuan (up to $ 86), was purchased...

Japan is on the list of those states whose central banks plan to issue national cryptos (CBDC) in the coming years. In early April, the Bank of Japan launched the first round of digital yen testing. It will end by early March 2022. During the second stage of testing, the regulator plans to involve...

The People's Bank of China has begun cross-border trials of CBDC. Wang Xin, head of the research bureau of the Central Bank of China, told about this. Together with the Chinese Central Bank, the Hong Kong Monetary Authority is participating in the testing. As Wang Xin noted, testing of the digital...

Today, March 26 the Bank of Japan published an announcement on behalf of the executive director UCHIDA Shinichi concerning the country's CBDC. The Bank informed it will begin to test the implementation and main functions of its digital currency from April 2021. There was established Liaison and...

China's digital currency (CBDC) will not be able to become a fully anonymous financial instrument. The concept of a confidential crypto-yuan has effectively failed, said Mu Changchun, head of the Research Institute of the PRC's Central Bank. The expert outlined his position during a speech at the...

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...

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...

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...

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...