CBDC (CBDC) News

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'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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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 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...

The People's Bank of China can launch digital currency (CBDC) based on the country's existing payment foundation. So says Glen Wu, head of the Ledger Vault office in the Asia-Pacific region. He emphasized that the Chinese authorities could take such a step so that people would not notice the...

The launch of central bank digital currencies (CBDC) will increase the demand for bitcoin in the global market, analysts at Grayscale say. They note that central bank tokens are regulated instruments. They can be applied within certain boundaries and according to the rules approved by the...

According to the former administrator of the Bank of China, Li Lihui, the launch of the digital version of the yuan is already inevitable. Regulated Token (CBDC) will replace cash in the future. China is currently testing the digital version of its currency. The largest companies and banks of China...

The number of participants in the Chinese Digital Currency (CBDC) launch project continues to expand. The People's Bank of China announced that a startup specializing in the development of services based on AI is going to take part in testing the digital version of the renminbi. The SenseTime team...

The upcoming issue of regulated digital currency (CBDC) in China is widely perceived by society. Many people fear that after the launch of the digital version of the renminbi, inflation will surge. That may lead to further economic difficulties. The representative of the People's Bank of China at...