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Georgia to Pilot Digital Currency in Retail Commerce Next Year


The central bank of Georgia is advancing its digital currency project. The monetary authority is preparing to launch the CBDC as early as next year and plans to use the blockchain-based version of the national fiat, the Georgian lari, to facilitate retail sales. Georgia to Introduce Digital Lari...

Central Bank of Ukraine Seeks to Hire Blockchain Developer


National Bank of Ukraine is hiring a blockchain expert who will likely support its digital currency project. The vacancy has been announced as the financial institution prepares to pilot e-hryvnia salary payments for government workers as early as this year. NBU Posts Blockchain Developer Ad...

Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger


The Central Bank of Bhutan, the Royal Monetary Authority (RMA), has partnered with Ripple to start testing a model of its central bank digital currency (CBDC) using Ripple’s technology. The test will be using Ripple’s own CBDC private ledger, to support similar use cases. The pilot...

Ripple Says it Will Pilot a CBDC for Bhutan


l="noopener noreferrer" href="https://twitter.com/Ripple/status/1440782839188897794">claimed that it had partnered with the Royal Monetary Authority of Bhutan (RMA), the nation’s central bank, in a deal that would see the latter “use Ripple’s CBDC solution to pilot a digital ngultrum.”The

Ripple is helping Bhutan pilot a CBDC


The company claimed its CBDC solution would allow Bhutan's central bank to deploy a digital ngultrum "without compromising financial stability or monetary policy objectives.”

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


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

BIS Teases More CBDC Interoperability Progress in New Four-nation Pilot


Source: Adobe/Сергей Шиманович The Bank for International Settlements (BIS) is set to step up its central bank digital currency (CBDC) pilot program in a cross-border initiative aimed at testing inter-central bank settlements using multiple CBDCs. The plan is the brainchild of the BIS’s Innovation...

Colombian Bank Begins Second Phase of its Crypto Pilot with Exchanges


Source: A screenshot, Instagram/bancodebogota Colombia’s oldest commercial bank, the Banco de Bogotá, has begun the next stage of a crypto pilot that will allow 5,000 of its customers to make and receive payments using tokens hosted on the platforms of two major crypto exchanges. As reported,...

South Korean CBDC Pilot is Now Underway and Samsung is Onboard


The South Korean central bank, the Bank of Korea (BOK), has officially begun testing its prototype of digital KRW. The bank has decided to carry out a two-stage central bank digital currency (CBDC) pilot, with the first stage running from this week until June next year, tasked with testing focus...

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