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Chainlink, Microsoft, Banco Inter collaborate on Brazil’s CBDC pilot
19.11.2024
The Drex phase two pilot leverages Chainlink’s CCIP and Microsoft’s cloud infrastructure to innovate trade finance automation
Kazakhstan CBDC pilot drastically reduces VAT refund wait
30.10.2024
The National Bank's latest project again shows the advantages of programmable central bank digital currency
Drex Brazilian CBDC pilot will work on privacy, DeFi in phase 2
14.10.2024
The Brazilian central bank has 13 participants for phase 2 so far, and it is willing to take on an unlimited number.
Brazillian Central Bank Invites New Participants to CBDC Pilot Program
14.10.2024
The Brazilian Central Bank is opening the drex CBDC pilot to new entrants, aiming to test more advanced use cases and privacy solutions for the project’s second phase. Thirteen use cases have been confirmed, including carbon credits, agricultural bonds, and foreign trade platforms. Brazilian...
Brazil tests DeFi elements, compatibility in Drex CBDC pilot
4.10.2024
Brazil’s central bank is developing a synthetic central bank digital currency, which aims to blend decentralization, privacy and programmability
Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use Cases
26.9.2024
The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as offline payments and asset settlement. The creation...
Visa and Santander Selected by Brazil’s Central Bank for a Second Phase of CBDC Pilot
5.9.2024
In May 2023, the BCB selected 14 participants for the first phase of the pilot
India amasses 5M central bank digital currency users
26.8.2024
India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions
India amasses 5M central bank digital currency users
26.8.2024
India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions
Iran to launch public CBDC pilot in June
19.6.2024
Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between the buyer and the seller
Brazilian CBDC Pilot Postponed to 2025 Due to Inefficiency of Privacy Solutions
26.5.2024
The Central Bank of Brazil announced the postponement of the completion of the drex pilot, the Brazilian CBDC, due to the inefficiency of the privacy solutions presented for the project so far. The pilot will have a new phase, finalized in 2025, and will also feature the implementation of smart...
Hong Kong Launches Second Phase of Its CBDC Pilot Program
19.3.2024
The Hong Kong Monetary Authority announced the launch of the second phase of the pilot of its CBDC, the digital Hong Kong dollar (e-HKD). This new phase will focus on furthering the research on already examined use cases for the currency, including programmability and tokenization, and adding...
Banco Do Brasil to Test Offline Payments in Brazilian CBDC Pilot
15.3.2024
Banco Do Brasil, a bank owned in its majority by the Brazilian state, and Giesecke+Devrient, are partnering to explore the possibilities of bringing offline payments to the future Brazilian CBDC, Drex. The joint initiative will include this functionality in Drex’s pilot, to extend access...
Central Bank of the Philippines to Complete Wholesale CBDC Pilot This Year, Hints at Securities Focused Use Case
11.3.2024
The Central Bank of the Philippines revealed that it aims to conclude the ongoing wholesale CBDC pilot, Project Agila, later this year. The pilot, which currently includes the participation of six local financial institutions, might be the gate for democratizing access to securities according...
Philippine Central Banker Unveils Project Agila: A Leap into wCBDC Pilot
8.3.2024
The central bank of the Philippines (BSP) aims to complete a CBDC pilot by the end of the year, according to a local press report. Central bank Deputy Governor for Payments and Currency Management Mamerto Tangonan told a press briefing Wednesday: “For CBDC… our timeline for that is to complete...
Solomon Islands and Soramitsu Unveil Partnership To Launch CBDC Pilot
1.12.2023
Source: Pixabay The Central Bank of Solomon Islands has revealed a partnership with Japanese blockchain Soramitsu to launch a proof-of-concept for a CBDC named Bokolo Cash. In a Keynote speech on Tuesday, Solomon Islands Prime Minister Manasseh Sogavare said his country was embarking on the CBDC...
Standard Chartered Bank Begins Offering Digital Yuan Exchange Services in China
29.11.2023
Standard Chartered Bank (China) has become one of the first foreign banks to participate in China’s central bank digital currency (CBDC) pilot. The bank explained that as an international bank rooted in the Chinese market for 165 years, Standard Chartered is optimistic about the development...
More foreign banks join China's CBDC pilot trials
28.11.2023
A total of four foreign banks have integrated China's e-CNY CBDC thus far
HSBC, Hang Seng Join China’s Digital Yuan Pilot
28.11.2023
Source: Eagle/Adobe The international banking giants HSBC and Hang Seng Bank have joined China’s digital yuan pilot. 21st Century Business Herald reported that a group of “four foreign banks” have “officially announced the launch of digital yuan business.” HSBC’s Chinese arm confirmed...
Standard Chartered joins China's CBDC pilot testing
27.11.2023
The British bank will provide e-CNY CBDC services to clients and explore its future use in China's financial system