April 18th, 2025
CBDC News - Page 2
COTI Reaches Finals in Bank of Israel’s Digital Shekel Challenge with Blockchain-Based Marketplace Proposal
By Temitope Olatunji
October 31st, 2024
COTI showcased its decentralized ticket marketplace in the Bank of Israel’s Digital Shekel CBDC Challenge, emphasizing privacy and efficiency.
HKMA Partners with Brazil and Thailand on Cross-Border Tokenization and CBDC Initiatives
By Temitope Olatunji
October 28th, 2024
The HKMA partners with Brazil and Thailand’s central banks to advance cross-border tokenization and CBDC use while enhancing financial innovation and security.
UK to Roll Out Stablecoin Laws in Coming Months, Says Circle
By Chimamanda U. Martha
October 23rd, 2024
Circle’s policy head Dante Disparte believes the UK is only months away from rolling out stablecoin regulations.
Norway to Decide Future of Central Bank Digital Currency in 2025
By Chimamanda U. Martha
October 23rd, 2024
Norges Bank is carefully considering both the benefits and challenges of introducing a CBDC, with a decision expected in 2025.
RBI Governor Says India’s CBDC Pilot Could Transform Cross-Border Payments
By Chimamanda U. Martha
October 14th, 2024
India’s central bank governor said that the country’s ongoing work with CBDCs could be the key to making cross-border remittances more affordable and efficient.
Bank of Canada Drops Central Bank Digital Currency (CBDC) Plans
By Bhushan Akolkar
September 19th, 2024
A Bank of Canada spokesperson stated that the bank has undertaken “significant research on the implications of a retail central bank digital currency”.
Australia’s Central Bank Outlines 3 Years Roadmap for Wholesale CBDC
By Bena Ilyas
September 18th, 2024
RBA prioritizes wholesale CBDCs to reduce risks, cut costs, and boost liquidity, focusing on institutional markets and financial efficiency.
North Carolina Passes House Bill 690 to Block Federal CBDC Testing
By Anisha Pandey
September 10th, 2024
Meanwhile, North Carolina is equally recognizing the potential benefits of digital assets to stay competitive in innovation.
Chainlink (LINK) Signals Potential Bullish Recovery Fueled by Rising RWA Tokenization in Global Markets
By Steve Muchoki
September 2nd, 2024
The Chainlink network has grown to a major tokenization platform for real-world assets fueled by institutional investors seeking to tap into the Web3 ecosystem.
India’s RBI Chief Warns Against Rushing Full-Scale Rollout of Retail CBDC Pilot
By Bena Ilyas
August 26th, 2024
The phased implementation strategy ensures that the RBI can address any challenges that arise, making the CBDC a robust and reliable tool for the future.
Trudeau’s Rival Pledges to Protect Cash Usage, Vows to Ban CBDC in Canada
By Temitope Olatunji
August 12th, 2024
Bill C-400 aims to stop the creation of a CBDC in Canada and ensure cash remains available across the country.
Tech Giants Join e-Rupee Pilot: Google Pay, Amazon Pay, and Others Embrace India’s Digital Currency
By Temitope Olatunji
August 5th, 2024
Although e-rupee transactions increased in late 2023, amassing to over 1 million a day, it has now reduced to between 100,000 to 200,000 per day.
Qatar Expects to Enact Crypto Regulation by Q4 2024
By Anisha Pandey
July 29th, 2024
Currently, Qatar’s crypto regulation remains stringent, with a blanket ban on most cryptocurrency transactions. Exceptions are made for tokenized securities and other regulated financial instruments.
India to Release Crypto Policy Discussion Paper by September, No Immediate Regulatory Shift Expected
By Anisha Pandey
July 25th, 2024
The upcoming discussion paper comes after G20 member countries last year agreed that each country should individually assess risks and potential use cases associated with digital assets.
Taiwan Set to Test CBDC by Year-End, Says Official
By Bena Ilyas
July 10th, 2024
Although an official CBDC pilot or issuance date remains unconfirmed, there are indications of a possible trial run later this year.