April 18th, 2025
CBDC News - Page 26
BIS Survey: Central Banks Could Issue Digital Currencies in 3 Years
By Oluwapelumi Adejumo
January 28th, 2021
Many of the banks looking to implement CBDC projects are doing so with the hope that a digital asset will complement their physical fiat currency.
Big Cities in China Plan to Conduct More Pilot Testing of CBDC in 2021
By Ibukun Ogundare
January 25th, 2021
Shanghai Mayor Gong Zheng also declared the city’s support for the development of the digital yuan.
BIS to Doubles Down on Its Digital Currency Drive with CBDC Settlement PoCs
By Godfrey Benjamin
January 22nd, 2021
The CBDC settlement project aims to develop a number of solutions bordering on the workability of CBDCs under cross-border scenarios.
Bank of France Unveils Results of Its CBDC Pilot Testing for Interbank Settlements
By Bhushan Akolkar
January 20th, 2021
The French central bank leveraged the private blockchain platform developed by UK blockchain startup SETL. It also used smart contracts for the issuance and circulation of the CBDC tokens.
Ukraine to Develop CBDC on Stellar Blockchain Network
By Mercy Tukiya Mutanya
January 5th, 2021
Ukraine is one of the countries that are now progressing in exploring the possibility of virtual assets and Central Bank digital currency.
Shenzhen Residents to Participate in Another Digital Yuan Lottery Draw Worth 20M Yuan
By Steve Muchoki
January 4th, 2021
The Chinese digital yuan is expected to be the first among other global central bank currencies to enter the public space.
Japan to Launch Feasibility Study into CBDC
By Mercy Tukiya Mutanya
December 25th, 2020
A report by the Bank of Japan indicates that to be prepared in case of the great need for a CBDC, the bank will launch a feasibility study.
ABI Begins Experiments with Digital Euro on Distributed Ledger Technology
By Ibukun Ogundare
December 23rd, 2020
Months ago, the ABI announced that Italian financial institutions are ready to commit to the CBDC project.
Fintech Startup EMTECH Launches Platform to Help CBDC Development
By Godfrey Benjamin
December 17th, 2020
The EMTECH Modern Central Bank Sandbox™ will provide its innovative solutions with backing from the cloud services giant Microsoft Corporation in its attempt to deploy the pilots in the coming months.
China to Test Tap Payments for Its CBDC This Friday
By Steven Msoh
December 7th, 2020
The decision to conduct the trial this weekend is strategic as it coincides with Double 12 (December 12th), a day when retailers offer steep discounts.
E-commerce Giant JD.com Starts Accepting Digital Yuan on Its Platform
By Bhushan Akolkar
December 7th, 2020
This is a big development as the Chinese central bank is looking ahead to push the use of Digital Yuan on the popular online platforms in the country. This will be one of the major giveaways to nearly 100,000 customers.
Citigroup Partners with Central Banks to Build CBDCs, CEO Reveals
By Steven Msoh
December 5th, 2020
Citigroup Inc (NYSE: C) CEO Michael Corbat recently revealed that the bank has been partnering with central banks globally to build Central Bank Digital Currencies.
Macau Regulators Move to Introduce Digital Yuan into Gambling Industry
By Ibukun Ogundare
December 3rd, 2020
Despite the fact that the news is not confirmed, casino operators have recorded losses in reaction to the rumors.
PayPal CEO Dan Schulman Bullish on Crypto Use and Digital Fiat
By Bhushan Akolkar
November 24th, 2020
The PayPal CEO noted that the COVID-19 pandemic has brought a fundamental shift in the use of money and has been a catalyst for digital payments. It’s only a matter of time that crypto use comes to the mainstream, he said.
China Intends to Hold Second Digital Yuan Lottery Trial
By James Lovett
November 23rd, 2020
China is scheduled for another test trial for its digital currency. The country had previously offered millions of digital yuan in a lottery during its biggest public test.