April 18th, 2025
CBDC News - Page 28
German Central Bank Head of Payments Says CBDC Launch Is More Political Decision Than Technical
By Godfrey Benjamin
October 21st, 2020
The European Central Bank may try to put a cap on the maximum amount of the digital euro each individual can hold per time, should the project eventually go live.
Bahamas Releases Sand Dollar, World’s First Central Bank Digital Currency
By Bhushan Akolkar
October 21st, 2020
The Bahamas has announced the launch of its central bank digital currency Sand Dollar which comes with several interesting features and the ability to work offline without electricity and mobile networks.
LINE, Tokyo-Based Messaging App, to Develop Its CBDC Platform
By John K. Kumi
October 20th, 2020
Line has revealed its intention to launch its CBDC platform. According to the report, the messaging company was moved by the increased consideration of making use of the customized digital currency in the continent.
Reserve Bank of New Zealand: No Immediate Plans to Launch CBDC
By Bhushan Akolkar
October 20th, 2020
The Assitant Governor of New Zealand’s central bank said that they will continue researching their CBDC in tune with global developments but haven’t been much keen on introducing it now in the country’s monetary system.
Mixed Reactions after Week-Long Public Test on Digital Yuan by PBOC
By Steve Muchoki
October 19th, 2020
Although the People’s Bank of China (PBOC) has not officially released a report on the test, analysts are positive on the overall score on the digital yuan public test.
Tether (USDT) Dominates Exchanges with Cumulative Transaction Volume of Over $600 Billion
By John K. Kumi
October 16th, 2020
Tether (USDT) staged an unprecedented run in the last 30 days to a 20% increase in volume to reach the cumulative transaction volume of the stated amount.
Russia’s Central Bank Considers Plan of Launching Digital Ruble, Issues Consultation Paper
By Bhushan Akolkar
October 14th, 2020
The Bank of Russia noted that the country’s existing digital payment infrastructure can support the new Digital Ruble as payment rails for the CBDC. Besides, the central bank plans to introduce the CBDC for all participants including government, citizens, businesses, etc.
China Awards 200 Digital Yuan to 2.61% of 2M Shenzhen’s Residents Who Applied for Lottery
By Steve Muchoki
October 13th, 2020
The free digital yuan currency awarded in the lottery can be spent only in 3389 stores that are set up to handle electronic payments.
Chinese Shenzhen Rolls Out 10M Digital Yuan in Public Giveaway Program
By Darya Rudz
October 12th, 2020
The aim behind the initiative is to allow the citizens to spend the digital yuan. According to Liao Qun, chief economist at China Citic Bank International, the program will spur consumption in Luohu district. Besides, it will stimulate using CBDC in consumers’ everyday lives.
Bank for International Settlements Partnered with Seven Central Banks to Detail CBDC Expectations
By Steve Muchoki
October 9th, 2020
The report indicates that a CBDC should be easily convertible, convenient to all, possess an unmatched security system, have high speed, and should be of legal sound.
South Korea’s Central Bank Announces Plans to Circulate National Digital Currency as Part of Pilot Test in 2021
By staff writer
October 7th, 2020
As the central bank of South Korea seeks to complete the pilot tests of its national digital currency, it has not announced any information regarding partnerships with major commercial business enterprises yet.
China’s Central Bank Processes Over 3.1 Million Transactions in National Digital Currency
By staff writer
October 7th, 2020
The Central Bank of China has researched over 6,700 use cases for its CBDC and wired more than 5000 payments in the national digital currency to healthcare workers to boost the fight against the coronavirus.
European Central Bank (ECB) Proceeds to Trademark ‘Digital Euro’
By Bhushan Akolkar
October 2nd, 2020
Pushing forward its development with digital currencies, the ECB has applied for a trademark of the “Digital Euro”. The central bank will soon release its assessment for the use of Digital Euro and its impact on the region’s economy.
FinCEN Director Cautions Banks to Be Vigilant on Crypto Exposure against Their AML Program
By Steve Muchoki
September 30th, 2020
Protecting customers from fraud and money laundering remains the utmost priority for the U.S. Financial Crimes Enforcement Network (FinCEN).
Ripple’s XRP Up 5.5% in Past 24 Hours, XRP Poised to Act as Neutral Bridge Asset between CBDCs
By Steve Muchoki
September 25th, 2020
As global central banks work to implement their own CBDCs, Ripple through RippleNet and XRP is eyeing to connect different global CBDCs.