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BIS optimistic about central bank digital currencies
23.6.2021
The central bank of central banks says CBDCs are necessary for maintaining the status quo of the legacy financial system
New Bank of America Report Says Digital Currencies ‘Could Boost Economic Growth’ in Developing Countries
23.6.2021
A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potential” for increasing financial inclusion in developing countries. In the report, the bank also argues that such “digital...
Chris Giancarlo: U.S. risks becoming 'backwater' without central bank digital currency
22.6.2021
The former CFTC chairman weighs in on what a U.S. CBDC might look like, as well as the benefits it could bring to American citizens
Banque de France tests digital currency-based securities settlement
21.6.2021
The Bank of France has completed a central bank digital currency pilot for securities transactions in collaboration with Swiss crypto bank SEBA
Over 3,000 ATMs in Beijing can now convert digital yuan into cash
18.6.2021
The Agricultural Bank of China previously debuted digital yuan ATMs this January
Subcontractors and Builders Located in China’s Xiong’an New Area Are Being Paid in Digital Yuan
14.6.2021
Xiong’an New Area, a state-level new area in Hebei, China, is seeing the use of onchain digital yuan payments, according to a circular issued by the Xiong’an government. The announcement details that Xiong’an subcontractors and builders are being paid using the central bank...
China debuts blockchain-based digital yuan salary payments in Xiong’an
14.6.2021
China reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area
The CBN Says Nigeria Will Have a Digital Currency Before End of Year
12.6.2021
Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In his remarks following the bankers’ committee meeting, Rakiya Mohammed, who is the director of information technology at CBN, also...
Hong Kong includes central bank digital currency in fintech strategy
8.6.2021
Research into central bank digital currencies will play a significant role in Hong Kong’s fintech development efforts
Ghana gearing for central bank digital currency pilot
4.6.2021
Ghana is striving to become the first African nation to float a central bank digital currency
Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery
3.6.2021
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s...
China to hand out $6.2M in new digital yuan trial in Beijing
2.6.2021
Beijing residents should apply to participate in the lottery until midnight on June 7
Central Bank of Brazil Issues Guidelines for Its CBDC
31.5.2021
The Central Bank Of Brazil, the highest monetary authority of the country, has released a note listing the general guidelines for the design of a hypothetical central bank digital currency (CBDC) for the country. While there are still no concrete steps taken in this direction, at least the document...
OKex embraces Brazil’s official fast payments system PIX, as CBDC draws nearer
28.5.2021
OKEx, Crypto.com, and LocalBitcoins have integrated Brazil’s PIX instant payments system
Bank of Canada sees no strong case for a digital dollar — for now
27.5.2021
Amid the global CBDC race, the Canadian central bank does not currently see a strong case for issuing a state digital currency
South Africa Reserve Bank Commences Retail CBDC Feasibility Study
27.5.2021
The South African Reserve Bank (SARB) says it has commenced a feasibility study for a general-purpose retail central bank digital currency (CBDC). The study, which the SARB expects to conclude in 2022, will focus on the issuance of a domestic CBDC that can be used by consumers in South Africa...
Bank of Indonesia joins central bank digital currency race
25.5.2021
After banning crypto payments back in 2017, Indonesia is looking to allow payments in a digital rupiah currency
South Africa's central bank begins preliminary study for retail CBDC
25.5.2021
The South African Reserve Bank has begun exploratory studies on central bank digital currencies
China’s Absolute Control Over Digital Yuan Will Boost Demand for Cryptocurrencies, Says Analyst
22.5.2021
China’s push for the digital yuan will boost demand for cryptocurrencies, according to an analyst at BK Asset Management, citing that the Chinese government wants “absolute power” over the wealth and income of its citizens. Digital Yuan Push Could Raise Demand for Crypto Boris...
State-backed digital currencies can disrupt financial systems: Report
18.5.2021
While CBDCs could help central banks address the decline in cash payments, some risk factors remain