How CBDCs Could Reshape Banking as We Know It
How CBDCs could reshape banking as we know it is a question gaining increasing attention as over 130 countries explore the potential of…
New Zealanders Fear CBDC Privacy Risks
Responses to the Reserve Bank of New Zealand’s public consultation on digital currency are negative due to concerns about privacy and…
India Explores CBDCs and Cross-Border Mobile Payments
India is redoubling its efforts to improve cross-border mobile payment systems and incorporate central bank digital currencies (CBDCs) into…
India Expands Cross-Border Payments Platform
134 nations, including all G20 members, are exploring CBDCs, while the Reserve Bank of India (RBI) is expanding cross-border payments with new…
Major South Korean Banks Join CBDC Pilot
The central bank’s CBDC pilot, which is rapidly expanding, has attracted the participation of numerous prominent South Korean banks and…
IATA to Back China’s CBDC by 2024, Report Says
By the conclusion of 2024, a trade association for the world’s airlines intends to incorporate the digital yuan into its invoicing…
Russian Banks: CBDC Costs too High for Small Lenders
Experts caution that the substantial investment necessary to participate in the digital ruble platform may be prohibitive for small Russian…
India Debates Crypto Ban, Weighs Digital Currency
Instead of outright private crypto banning like Bitcoin, India is considering implementing Central Bank Digital Currency (CBDC). According to…
IMF Sees CBDC Adoption Challenges
According to the International Monetary Fund (IMF), Central Bank Digital Currencies (CBDCs) are confronted with a…
Australia’s Bank Unveils 3-Year Digital Currency Program
The Reserve Bank of Australia (RBA) has stated that it will concentrate on introducing a wholesale CBDC and not pursue a retail CBDC anytime…
Taiwan Central Bank: Denies CBDC Competition
Yang Chin-long, the director of Taiwan’s central bank, stated on Sunday that the country will promptly introduce a central bank digital…
Bahamas Mandates Banks for Sand Dollar CBDC
The Central Bank of The Bahamas, which introduced the world’s first digital fiat currency in 2020, is considering requiring banks to…
Parfin Creates New Blockchain
Parfin, a financial technology company, has developed a novel blockchain system that will serve as a privacy solution for the Brazilian CBDC,…
CBDC Wholesale Trial Period Extended to 2 Years by SNB
The Swiss National Bank (SNB) has extended the CBDC wholesale trial by at least two more years as more institutions are expected to join the…
Iran to pilot CDBC in Kish Island starting July
In July, the Central Bank of Iran (CBI) will commence a trial of its central bank digital currency (CBDC), the digital rial, on Kish Island On…
IMF Survey Shows how CBDCs Can Help Middle-East Nations
Central bank digital currencies (CBDCs) may increase financial inclusion and lower costs, according to an IMF survey for Central Asia and the…
Saudi Arabia Enters mBridge CBDC Project
Saudi Arabia has partnered with the mBridge Initiative to improve cross-border payments by utilizing central bank digital currencies (CBDCs).…
China Pays CBDC to Workers Who are Converting to Cash Fast
China pays CBDC to workers who instantly cash out the cryptocurrency because they fear it may lose value later on. A report suggests that some…