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RBI Begins First Retail Digital Rupee Pilot in 13 Indian Cities With 8 Banks


India’s central bank, the Reserve Bank of India (RBI), is launching its first retail digital rupee pilot on Dec. 1 with the participation of eight banks. The pilot will start in four cities and then expand to cover nine more cities across India. RBI Picks 8 Banks, 13 Cities to Test Retail...

Bank of Japan to Launch Digital Yen Pilot Program Next Year


The Bank of Japan is preparing to run a test trial of its own central bank digital currency (CBDC), the digital yen, with help from three top banks and regional institutions. The pilot program, estimated to last two years, will focus on testing the currency via several transactions,...

Japanese Digital Yen Pilot to Begin ‘in Early 2023’


The Japanese central bank could begin piloting the digital yen as early as spring 2023 and will reportedly start a trial involving “consumers and private sector companies.”... Read More: Japanese Digital Yen Pilot to Begin ‘in Early 2023’

Hong Kong Preparing to Join Digital Yuan Pilot, Extend ‘Cross-border’ Reach


Mainland China and Hong Kong are set to co-launch the digital yuan’s first cross-border pilot project – as the People’s Bank of China (PBoC)-led project edges ever-closer to roll out. According to Shanghai Securities News, Howard Lee, the Deputy Chief Executive of the Hong Kong Monetary Authority...

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