April 18th, 2025
CBDC News - Page 9
Bank of Korea to Explore CBDC Testing in Selected Regions Outside Seoul
By Chimamanda U. Martha
July 31st, 2023
While the CBDC testing is scheduled for next year, the road to CBDC implementation is not without its challenges.
A&G Announces Launch of First Crypto Fund in Spain
By Godfrey Benjamin
July 27th, 2023
The fund will be audited independently by PwC, one of the world’s leading professional services organizations.
Nigeria’s Apex Bank Modifies eNaira Model to Boost Adoption
By Babafemi Adebajo
July 26th, 2023
Today, the eNaira continues to face many challenges from the nation’s monetary policy and financial stability.
Korean Banks Start Research on Alternative for Stablecoins and CBDC
By Bhushan Akolkar
July 24th, 2023
Private banks are exploring blockchain-based “certificate of deposit” tokens (CDs) that will replace deposits and customary notes. Besides, they can also easily integrate with CBDCs.
US Congressman Warren Davidson: CBDC Corrupts Money into Tool for Coercion
By Darya Rudz
July 24th, 2023
The US has been exploring CBDCs, but it has not yet determined whether it will pursue one. The possibility of a digital US dollar itself has provoked serious concerns in the country, with the community’s opinions on this matter divided.
French Central Bank Unveils Results of Extensive Wholesale CBDC Tests
By Godfrey Benjamin
July 21st, 2023
The French Central Bank is not alone in conducting wholesale CBDC experiments. For example, the Bank of England (BoE) is set to conduct a similar test soon.
PBoC Governor Claims Digital Yuan Transaction Volume Touched $250B
By Bhushan Akolkar
July 20th, 2023
China’s central bank governor said that 950 million transactions made from around 120 million wallets since the e-CNY was first introduced in January 2022.
Florida Governor and 2024 US Presidential Candidate Ron DeSantis Says CBDC Will Not Happen Under His Administration
By Steve Muchoki
July 18th, 2023
The Republican presidential candidate has remained anti-CBDC even in his current position having signed a bill to prohibit the use of CBDC in Florida.
FSB Finalizes Global Regulatory Framework for Crypto
By Darya Rudz
July 17th, 2023
The aim of FSB was to provide a regulatory framework that would comply with the principle of “same activity, same risk, same regulation” and cover all possible risks related to crypto activity.
Bank of China Launches Offline Payment Trial for Digital Yuan
By Babafemi Adebajo
July 12th, 2023
For now, the e-CNY app has a limit of 500 yuan ($77) per transaction and 10,000 yuan ($1,540) per day for offline payments.
Circle CEO Advocates for Yuan-Backed Stablecoins Instead of CBDC in China
By Chimamanda U. Martha
July 11th, 2023
China has been at the forefront of CBDC development, with ongoing trials and pilot programs for the digital yuan.
Developer Digs Out Control Loopholes in Brazil’s CBDC Code
By Godfrey Benjamin
July 11th, 2023
Brazil is one of several countries around the world in various phases of CBDC implementation and adoption.
Bitcoin Remains Largely Speculative Asset than Global Currency, Says BoE’s Andrew Bailey
By Steve Muchoki
July 11th, 2023
The Bank of England’s governor reiterated that fiat currencies will not be replaced by crypto like Bitcoin since they are extremely speculative assets.
BIS Survey Reveals 24 Central Banks Planning to Introduce CBDCs by 2030
By Chimamanda U. Martha
July 10th, 2023
According to the survey, progress in the global development of CBDCs has continued since last year, with a particular emphasis on emerging economies where CBDCs are viewed as a means of providing financial access to unbanked individuals.
Ripple Lauds London’s Approach to Digital Currencies, Seeks to Expand Presence in Region
By Mayowa Adebajo
July 7th, 2023
Ripple is, now more than ever, convinced about expanding its presence in London.