April 18th, 2025
CBDC News - Page 7
Visa Concludes Digital Hong Kong Dollar Trial Run with HSBC and Hang Seng Bank
By Temitope Olatunji
November 2nd, 2023
The test focused on business-to-business settlements using banks to carry out activties like payment settlements for goods and services, payments to and from institutions and merchants.
Turkey Prepares Fresh Crypto Legislation to Escape FATF ‘Grey List’
By Bhushan Akolkar
November 1st, 2023
Turkish Finance Minister noted that work related to the crypto assets regulations is the final outstanding matter in order to achieve full compliance with FATF standards.
Hong Kong CBDC Advances to Phase 2 after Successful First Phase
By Mercy Tukiya Mutanya
October 31st, 2023
The e-HKD program has taken a three-rail approach for the potential implementation of the virtual currency: foundation layer development, industry pilots and iterative enhancements, and full launch.
Deutsche Bank and Standard Chartered Begin Testing UDPN
By Godfrey Benjamin
October 26th, 2023
As blockchain technology continues to mature, Deutsche Bank and Standard Chartered’s initiative offers a promising vision of the financial world’s future.
Digital Yuan Completes Its First Cross-Border Oil Deal
By Darya Rudz
October 24th, 2023
The transaction is part of SHPGX’s efforts to provide a solid response to the Shanghai municipal government’s requirements to use the digital yuan in cross-border trade.
Standard Chartered’s SC Ventures and Deutsche Bank Make History with UDPN
By Godfrey Benjamin
October 23rd, 2023
To demonstrate the potential of UDPN, Standard Chartered’s SC Ventures and Deutsche Bank conducted a trial.
China Launches Its First Industrial Park for Digital Yuan CBDC Development
By Darya Rudz
October 13th, 2023
Currently, there are nine residents of the park. All of them will get access to ten government initiatives introduced to “boost the development” of the digital yuan ecosystem. The initiatives include payment solutions, smart contracts, hard wallets, and digital yuan promotion.
Mastercard Records Success as It Completes Wrapped CBDC Test
By Mayowa Adebajo
October 13th, 2023
Mastercard says it has devised a solution that helps it tokenize (or wrap) CBDCs onto different blockchains.
Government-Owned Newspaper China Daily to Launch NFT Platform
By Mercy Tukiya Mutanya
October 10th, 2023
Collectibles sold on the platform may also be bridged to mainstream platforms such as OpenSea and Rarible.
Former Italian Central Banker Piero Cipollone Defends Digital Euro as He Seeks to Replace CBDC Supremo Fabio Panetta
By Steve Muchoki
October 10th, 2023
The ECB lawmakers favored Cipollone’s candidacy to steer forward the agenda of a digital Euro to reinforce the public money infrastructure amid the mainstream adoption of digital assets.
South Korea to Start Wholesale CBDC Testing This Year
By Chimamanda U. Martha
October 4th, 2023
Aside from the commercial bank, the Bank for International Settlements (BIS) will participate in the pilot to provide technical guidance and expertise to users.
Central Bank Group to Launch Data Platform ‘Project Atlas’ for Tracking Crypto Transfers
By Mayowa Adebajo
October 4th, 2023
BIS continues to warn that crypto data can be “manipulated or distorted”.
France Tests CBDC Cross-Border Payments with Singapore and Switzerland
By Bhushan Akolkar
September 28th, 2023
As part of Project Marina, the three banks have collaborated with the Bank of International Settlements (BIS), for conducting CBDC cross-border settlements.
Crypto.com Teams Up with PayPal and Paxos to Boost PYUSD Position
By Chimamanda U. Martha
September 28th, 2023
Despite entering the list of approved digital assets, PayPal’s PYUSD stablecoin may not experience the instantaneous adoption initially anticipated following the launch.
BIS Chief Urges Countries to Establish Legal Frameworks for CBDCs
By Chimamanda U. Martha
September 27th, 2023
According to the report, in some countries, central banks are directing their attention toward wholesale CBDCs, which are designed to facilitate the settlement of interbank transfers and other wholesale transactions.