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South Korea to Pilot CBDC With 100,000 Citizens in 2024: Report
23.11.2023
The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers
National Bank of Georgia Selects Ripple as Tech Partner for CBDC Pilot
6.11.2023
The National Bank of Georgia announced that it has enlisted the aid of Ripple, the cryptocurrency company, as the sole tech partner in its central bank digital currency (CBDC) project, denominated the digital GEL. Ripple’s CBDC solution was selected from nine shortlisted companies that...
Georgia National Bank Partners with Ripple to Host New Digital Lari CBDC Pilot – Adoption on the Rise?
3.11.2023
The National Bank of Georgia (NBG) has partnered with Ripple as the official technology provider for its Central Bank Digital Currency (CBDC) pushing for a pilot in the near term. In a Nov 2 press release, blockchain payment firm Ripple announced that it has been selected to power the Digital Lari...
Swiss wholesale CBDC pilot kicks off in alliance with central, commercial banks
2.11.2023
The Swiss wCBDC pilot project will be hosted on SDX and use the infrastructure of Swiss Interbank Clearing (SIC)
Swiss National Bank to Work With SIX Digital Exchange, 6 Banks on Wholesale CBDC Pilot
2.11.2023
The Helvetia Phase III pilot will create a tokenized version of the franc as a settlement instrument between financial institutions for digital assets on the exchange
Visa Successfully Concludes CBDC Pilot Program in Hong Kong with HSBC and Hang Seng Bank
2.11.2023
Visa, a global leader in payments technology, has announced the successful completion of a pilot test of tokenized deposits using central bank digital currencies (CBDCs). On November 1, Visa announced that it had completed the Hong Kong Monetary Authority’s CBDC pilot program with leading...
Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2
31.10.2023
e-HKD Phase 1 trial was dedicated to full-fledged payments, programmable payments, offline payments, tokenized deposits, settlement of Web3 transactions and settlement of tokenized assets
Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says
30.10.2023
A retail central bank digital currency could add unique value to the existing payments ecosystem and enable new types of economic transactions, but further investigation is needed, Hong Kong's central bank said
India's Central Bank Launches Wholesale CBDC Pilot For Inter-Bank Borrowing
20.10.2023
The Reserve Bank of India has initiated a wholesale Central Bank Digital Currency (CBDC) pilot program for inter-bank borrowing.
The central bank had earlier announced its plans to test the wholesale CBDC, with the pilot now underway as of October. RBI’s executive director Ajay Kumar Choudhary...
India’s Central Bank RBI Launches CBDC Pilot in Call Money Market
14.10.2023
India’s central bank, the Reserve Bank of India (RBI), has initiated a pilot for a second use case of its wholesale central bank digital currency (CBDC), focusing on the call money market. The Indian central bank reportedly plans to expand its e-rupee testing to cover the entire wholesale...
Bank of Korea and BIS Prepare Wholesale CBDC Pilot
7.10.2023
The Bank of Korea and the Bank for International Settlements (BIS) have announced a new pilot that will test the functionality of a Korean wholesale central bank digital currency (CBDC), which will serve as a tool for banks to settle interbank transactions and issue CBDC-backed digital currencies...
South Korean Central Bank Sets ‘Real-World’ CBDC Pilot Date
5.10.2023
The South Korean central bank has set a date for its “real-world” CBDC pilot, with the first citizens slated to use the coin in the fourth quarter of FY2024.
Per the broadcaster KBS, the Bank of Korea (BOK) will team up with the country’s top financial regulators – the Financial Services...
Russian Corporations Using Digital Ruble as CBDC Pilot Gathers Pace
4.10.2023
Russian corporations are starting to make use of the digital ruble, the country’s central bank digital currency (CBDC).
Per a report from SPB IT RU, the state-run Sirius Innovation Science and Technology Center has opened a corporate digital ruble wallet.
The center has already used its wallet...
Georgia preparing limited live CBDC pilot, considering Ripple among tech providers
29.9.2023
As the country is considered for EU membership, the digital lari is seen as providing interoperability with a digital euro while preserving monetary freedom
Georgia Lists Nine Tech Providers Including Ripple and Bitt For its Next Stage CBDC Pilot
29.9.2023
The National Bank of Georgia (NBG) has shortlisted nine companies to compete as technology partners for the nation's central bank digital currency (CBDC) project dubbed Digital GEL.
The national bank of the Caucasian nation announced Thursday that it will introduce “a Limited Access Live Pilot...
Australia's CBDC Likely Some Years Away, Central Bank Says
23.8.2023
Australia will not be making any decision on a central bank digital currency (CBDC) for some years due to several unresolved issues
Australian CBDC could be useful for payments, tokenization, says RBA
23.8.2023
The RBA has wrapped up its CBDC pilot program and outlined four key areas that could be improved by the introduction of central bank-issued digital currency
South Korea's CBDC Pilot to Take Place in Jeju, Busan, or Incheon, Excluding Seoul
1.8.2023
The central Bank of Korea (BOK) has narrowed down the choices for its central bank digital currency (CBDC) pilot venue to three regions. Notably, the nation's capital Seoul is not among these.
The major regions chosen as candidates are Jeju, Busan, and Incheon, according to IT Chosun. ...
Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report
31.7.2023
Jeju, Busan and Incheon are in the running to be considered
Russian CBDC Pilot Launch News Draws Mixed Reactions from Biz Community
27.7.2023
The Russian business community and financial experts have spoken about the potential pitfalls – and possible advantages – of a digital ruble as Moscow prepares for the August launch of a CBDC pilot.
Izvestia quoted Sergey Katyrin, the President of the Russian Chamber of Commerce and Industry,...