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Global Surge in CBDC Development: 134 Countries Now Exploring Digital Currencies

19.9.2024
New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot or development stages. Every G20 nation is engaged in CBDC efforts, with notable leaders such as China and the European nations pushing...

Israel launches digital shekel CBDC experiment for payments

29.5.2024
The Bank of Israel launched the CBDC experiment taking inspiration from the Project Rosalind carried out by the BIS Innovation Hub

“A Calamity for Human Rights” – Robert F. Kennedy Jr to End CBDC Development if Elected President

29.1.2024
United States Presidential candidate Robert F Kennedy Jr said a Central Bank Digital Currency (CBDC) would lead to government control over personal finances and vowed to end all efforts towards its development. In a recent video posted on X (formerly Twitter), Kennedy highlighted his plans...

China’s CBDC Development is “Already On Track” and Nearing Completion: Ex-PBOC Governor

28.11.2023
Source: Pixabay Former Governor of China’s central bank PBOC is all optimistic about the country’s central bank digital currency (CBDC) nearing completion. Speaking at a conference in Honng Kong on Monday, Zhou Xiaochuan, the 75-year Chinese economist, said that a ‘digital yuan’ is “already...

China opens industrial park for digital yuan CBDC development in Shenzhen

12.10.2023
The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan

Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating Internal Proprietary Trading & Market-Making Teams, Wyre Set to Shut Down

19.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating...

Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating Internal Proprietary Trading & Market-Making Teams, Wyre Set to Shut Down

XRP Price Prediction as Central Bank of Montenegro Plans CBDC Development with Ripple – XRP to $1 Soon?

12.4.2023
The world’s sixth-largest crypto XRP, boasting approximately $26 billion in market capitalizing, lost 3.3% in 24 hours amid an ongoing quest to secure higher support at $0.5 after bulls took a breather at $0.5853, the highest peak in March. XRP is trading marginally above $0.5 mid-through this...

India and UAE To Collaborate on CBDC Development

15.3.2023
India and the United Arab Emirates (UAE) will collaborate on central bank digital currencies (CBDCs) by jointly conducting at least one pilot

UAE Launches ‘Financial Infrastructure Transformation’ Program; CBDC Among 9 Key Objectives

14.2.2023
On Feb. 12, 2023, the Central Bank of the United Arab Emirates (CBUAE) announced the launch of a new initiative called the “Financial Infrastructure Transformation Program,” which has nine key objectives. One of these objectives is the research and development of a central bank digital...

Digital Dollar Project urges US to take action on CBDC development

18.1.2023
The foundation set up by “Crypto Dad” Christopher Giancarlo released a new version of its CBDC white paper with new warnings about maintaining U.S. leadership

Russia to begin work on CBDC settlement system in Q1 as sanctions endure: Report

10.1.2023
The country's central bank will begin studying two possible cross-border CBDC settlement models this quarter

ECB official urges CBDC development for the good of cryptocurrency and consumers

5.1.2023
ECB board member Fabio Panetta has woven his enthusiasm for blockchain technology and skepticism of cryptocurrency into an argument that supports both, albeit begrudgingly

Kazakhstan to Press On With CBDC Development Until 2025

19.12.2022
For the next two years, the country will work on launching into industrial operation, and will cooperate other other central banks for cross-border and currency-exchange operations

CBDC Development Necessary for US to Remain Competitive, says Congressman

18.10.2022
U.S. Rep. Jim Himes joined CoinDesk TV’s “First Mover” to discuss why the U.S. should consider moving forward with a central bank digital currency

Fed conference hears stablecoins may boost USD as global reserve currency

6.7.2022
The underlying tech of a central bank digital currency wasn’t enough to convince some panelists at a Fed conference that it could change the international currency system

Ghana CBDC Development: New Central Bank Document Outlines Key Motivations for Issuing the Digital Currency

28.3.2022
In a recently released document, the Bank of Ghana (BOG) outlines some of its key reasons for developing the central bank digital currency (CBDC). Also, in the document, the bank’s governor insists the institution is open to suggestions that will help it to successfully launch the digital...

Digital Pound Foundation launches to promote CBDC development in the UK

14.10.2021
The think tank wants to ensure the United Kingdom keeps pace with the developments in the emerging digital landscape

IMF managing director: 110 countries are 'at some stage' of CBDC development

5.10.2021
Kristalina Georgieva said that stablecoins "fill the digital gap in privately issued money," but labeled Bitcoin and other cryptocurrencies as assets rather than a form of money

Central Banks Look To Two-Tier Retail CBDC Model Amid Disruption Fears

22.9.2021
ral-banks-seek-to-balance-innovation-and-disruption-when--PBC_1303486">report by international risk assessment firm Moody’s.  “Based on existing and proposed pilot schemes, CBDC development is being done in conjunction with existing financial market infrastructure, the two-tier