April 18th, 2025
CBDC News - Page 24
Chinese State-owned Media Suggests China Is Far from Banning Crypto
By Patrick Kariuki
June 4th, 2021
China has been routing for the globalization of the Chinese yuan as a settlement and the reserve currency, eventually overthrowing the American dollar.
PayPal Executive Says They Will Soon Facilitate Crypto Withdrawals to Their Customers
By Bhushan Akolkar
May 27th, 2021
The PayPal Vice President assured that crypto investors will have the possibility to make their withdrawals using third-party wallets. The PayPal executive also sounded optimistic about CBDC roll-outs worldwide.
Bank of Korea (BOK) on Digital Currency: Seeks Tech Partner on Pilot Program
By Ibukun Ogundare
May 24th, 2021
Back in February, the BOK published a CBDC affiliated book, speaking on plans to test the distribution of a digital currency and detailing the legal challenges involved with a state digital currency.
Fed to Introduce Discussion Paper on Capacities of Digital Dollar
By Mercy Tukiya Mutanya
May 21st, 2021
A report by Bison Trails reveals that 80% of Central Banks are exploring CBDC use.
Digital Dollar Project to Carry out First US CBDC Tests
By Oluwapelumi Adejumo
May 3rd, 2021
The US Federal Reserve is handling the CBDCs carefully, working with the Massachusetts Institute of Technology (MIT) to achieve the best digital dollar result ever wanted.
New Asian Central Bank Digital Currency: What do You Need to Know?
By Julia Sakovich
April 29th, 2021
The central banks of China, Hong Kong, Thailand and the UAE have also joined forces to create their own digital currency initiative.
Visa Has Big Crypto Plans, CEO Al Kelly Says
By Oluwapelumi Adejumo
April 28th, 2021
During the earnings call, Al Kelly firmly reiterated and outlined Visa’s plans, stating that the credit card company has been looking into Bitcoin-related services.
JD.com Paid Some Employees with Digital Yuan
By Ibukun Ogundare
April 27th, 2021
Apart from JD.com, Chinese video-sharing website BiliBili and transport company Didi have also started working with digital yuan.
Chinese State-owned Banks Are Advertising Digital Yuan
By Godfrey Benjamin
April 26th, 2021
While China has not yet announced when it wants to officially launch the e-CNY nationwide, it is set to continue the pilot tests during the 2022 Beijing Winter Olympics.
PwC: Bahamas Leads Other Countries in Retail Development of CBDC
By Ibukun Ogundare
April 20th, 2021
PwC noted the Bahamas as a leader in the CBDC race in its recently published 1st edition of “PwC CBDC global index.”
UK Announces CBDC Taskforce to Be Lead by BoE and HM Treasury
By Godfrey Benjamin
April 19th, 2021
The CBDC Taskforce has four primary functions which revolve around coordinating the exploration of the objectives, use cases, opportunities, and risks of a potential UK CBDC, guiding the evaluation of the design features and others.
Swedish Central Bank Publishes First Phase Results of Its CBDC Project
By Godfrey Benjamin
April 7th, 2021
The potential launch of a CBDC following the developmental work being carried out by the Riksbank may not be feasible under current banking laws.
Bank of Japan Commences Phase 1 Proof of Concept Testing of CBDC
By John Kiguru
April 5th, 2021
The Central Bank of Japan has confirmed the phase 1 testing of its CBDC. This will see the Bank experiment with the environment and basic functions of the CBDC.
Bank of Thailand Seeks Public Consultation Ahead of CBDC Trials in 2022
By Godfrey Benjamin
April 2nd, 2021
The Bank of Thailand has a harsh stance against the use of stablecoins in the country, and in March, the monetary authority issued a stern warning that it will begin penalizing the usage of any Thai Baht-backed stablecoins.
Major Chinese Banks Begin Processing Applications for Digital Yuan Wallets
By Godfrey Benjamin
March 26th, 2021
While a defined date of the digital yuan launch has not been revealed, the current stride of opening up the wallet application to the public is a step closer to achieving the country’s CBDC dreams.