April 18th, 2025
CBDC News - Page 3
North Carolina General Assembly Passed Bill to Ban CBDCs
By Bhushan Akolkar
June 27th, 2024
Senator Brad Overcash, R-Gaston, said that the bill aims to discourage the US federal government from pursuing a plan that could jeopardize one of America’s most vital assets: the US dollar.
Swiss National Bank Extends Wholesale CBDC Pilot Program by at Least Two Years
By Steve Muchoki
June 20th, 2024
The Swiss National Bank (SNB) was to close its ongoing wholesale CBDC program by June 30, but more institutions will join the pilot project instead.
IMF: CBDCs Can Help Middle-East Boost Its Financial Inclusion Plan
By Bhushan Akolkar
June 19th, 2024
A recent IMF survey conducted for Central Asia and the Middle East region shows that central bank digital currencies (CBDCs) may be useful for financial inclusion and lower financial costs. However, the IMF noted that adopting a CBDC requires careful consideration.
Nabatech Taps Substrate by Polkadot to Build Inclusive CBDC Solutions
By Godfrey Benjamin
June 19th, 2024
Some features of Substrate by Polkadot include support for wholesale and retail transactions involving CBDCs.
South Korea to Invest $14.5M in Blockchain Technology to Enhance Public and Private Sector Services
By Temitope Olatunji
June 17th, 2024
Six projects are being proposed for the public sector, including the development of a CBDC-based digital voucher management platform by the Bank of Korea.
Ripple Collaborates with 10 Governments to Develop CBDCs amid Ongoing SEC Dispute
By Bena Ilyas
June 17th, 2024
Ripple’s increasing influence is evident as 80% of Japanese banks have partnered with the company for blockchain-based payment solutions.
More than 90% of BIS Members Considering Issuing CBDC
By Steve Muchoki
June 14th, 2024
The latest report from the Bank for International Settlements (BIS) revealed that 94 percent of 86 central banks are considering a CBDC soon.
HSBC Offers e-CNY Services, Integrating Digital Yuan for Corporate Clients
By Bena Ilyas
June 10th, 2024
HSBC Bank announced that corporate clients can now link their bank accounts directly with digital yuan accounts.
Hong Kong’s SFC Chief Praises Bitcoin’s 15-Year Resilience amidst Regulatory Shifts
By Bena Ilyas
June 6th, 2024
Leung stated that their objective is to balance catering to investor demand with implementing robust safeguards to mitigate risk.
Stand With Crypto Claims to Have Exceeded 1M Signups
By Anisha Pandey
June 6th, 2024
A recent survey from Harris Polls commissioned by the crypto industry shows that a large segment of the public is watching candidates’ positions on digital assets
BIS Launches CBDC-Based Project to Streamline Cross-Border Payments
By staff writer
June 4th, 2024
Despite the growing push for CBDCs, many critics have pointed out the significant privacy risks posed by such assets.
Rwanda to Launch Its Central Bank Digital Currency in 2026
By Temitope Olatunji
June 3rd, 2024
The BNR’s decision to develop a digital currency is driven by the global trend as many countries are either testing or have already launched their CBDCs.
Chinese Industrial Bank Integrates Digital Wallets with Personal Carbon Accounts for Sustainable Finance
By Temitope Olatunji
May 28th, 2024
Industrial Bank has established itself as a leader in this sector, promoting green and digital finance.
Hong Kong Advances Retail e-HKD Testing for Mortgage and Lending Transactions
By Temitope Olatunji
May 27th, 2024
The next phase will involve a deeper study of the technology, business plans, and laws needed for using e-HKD for transactions.
Bitcoin Whales Intensify Accumulation Rate amid Ongoing Crypto Cash Rotation to Altcoins
By Steve Muchoki
May 27th, 2024
The recent approval of spot Ethereum (ETH) ETF has triggered an intensified crypto cash rotation from Bitcoin to the altcoin industry.