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RBI declares its pilot project of Digital Rupee with CBDC
1.11.2022
In October 2022, the Reserve Bank of India issued an official concept note to Central Bank Digital Currency (CBDC) regarding tips and guidelines for creating the intended digital currency. The prime purpose of this concept note was to serve both the wholesale and retail sectors in terms...
Indian Central Bank RBI Begins First Digital Rupee Pilot Today
1.11.2022
India’s central bank, the Reserve Bank of India (RBI), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or...
Singapore’s MAS says no urgent case for retail CBDC, but launches 4 fast trials of it
31.10.2022
The Monetary Authority of Singapore will trial a retail central bank digital currency in various contexts at a fintech event, despite the electronic payment options already available
Monetary Authority of Singapore Completes Phase 1 of CBDC Project, With More Trials to Come
31.10.2022
The first part of the project found that there was no urgent need for a retail CDBC, although the bank said it wanted to be prepared in case that changes
Crypto News Summary: Asian Banking Giant Joins Singapore’s CBDC Effort, Hong Kong to Launch Crypto ETF, Argo Blockchain May Be Forced to Shut Down
31.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Asian Banking Giant Joins Singapore’s CBDC Effort, Hong Kong to Launch Crypto ETF, Argo Blockchain...
Reserve Bank of India to reportedly launch digital rupee pilot in November
31.10.2022
Now debuting the wholesale CBDC, the RBI plans to launch the digital rupee for the retail segment within a month in select locations
India's Central Bank to Start Wholesale CBDC Pilot Nov. 1
31.10.2022
The Reserve Bank of India will begin its wholesale e-rupee pilot project on Nov. 1 with a focus on settlement of secondary market transactions in government securities
Bank of Thailand Needs More Time to Complete and Launch Retail Digital Currency
31.10.2022
The central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to the head of the monetary authority, the development of the state-issued coin may take several years. Thailand’s Central Bank Wants to Better...
National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, Binance CEO Unveils
28.10.2022
The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work...
UAE Central Bank Completes First CBDC Payment Transaction
27.10.2022
The Central Bank of the United Arab Emirates (CBUAE) has announced it has finalized mBridge, the world's largest pilot of central bank digital currency (CBDC) transactions in cooperation with the Digital Currency Institute of the People's Bank of China, its Chinese counterpart. Other partners...
Crypto News Summary: Binance Launches Oracle, UvToken and Team Finance Exploited, Blockchain.com Debuts Visa Card
27.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Binance Launches Oracle, UvToken and Team Finance Exploited, Blockchain.com Debuts Visa Card
Kazakhstan to build central bank digital currency on BNB Chain
27.10.2022
Officials in Kazakhstan continue their close relationship with Binance, as the National Bank plans to integrate its CBDC on the BNB Chain
Nigerian CBDC Still Not Widely Used a Year After Launch
27.10.2022
On October 25, Nigeria commemorated the first anniversary of the Central Bank of Nigeria’s e-naira, even as more residents continue to snub the digital currency. In a move aimed at boosting the use of the CBDC, the central bank is offering a 5% discount to motorized rickshaw drivers...
Fed Governor Waller Skeptical of Central Bank Digital Currencies — Says He’s ‘Not a Big Fan’ of the Fed Issuing Digital Dollar
27.10.2022
Federal Reserve Governor Christopher Waller says he is not a big fan of the Fed issuing a central bank digital currency (CBDC). “It’s just a checking account at the Fed,” said the governor. Federal Reserve Chairman Jerome Powell recently said that the central bank has not decided...
BIS releases full report on mBridge wholesale CBDC platform after successful pilot
26.10.2022
The Bank for International Settlements is on a roll with its third publication within days detailing how commercial banks in four jurisdictions transferred funds using CBDC
Foreign Exchange Transactions Take Center Stage in New BIS CBDC Report
26.10.2022
The Bank for International Settlements tested its central bank digital currency research project, mBridge, in another pilot focused on foreign exchange transactions, a new report says
Nigerians' passion for crypto is stopping short at the eNaira
26.10.2022
With less than 0.5% adoption, the central bank of Nigeria is struggling to push its eNaira CBDC to its citizens
Central Bank of Turkey Plans to Launch a CBDC in 2023
25.10.2022
The proposal was mentioned in the executive branch's annual plan presented on Monday
Japanese Credit Card Giant JCB Begins CBDC Pilot in Tokyo
25.10.2022
The Japanese credit card giant JCB is set to begin a central bank digital currency (CBDC) pilot that will intentionally make use of technology similar to that used by the central Bank of Japan in its own digital yen experiments....
Read More: Japanese Credit Card Giant JCB Begins CBDC Pilot in Tokyo
Japan’s International Payments System will test plastic cards for CBDC
24.10.2022
Japan Credit Bureau will develop its CBDC infrastructure in collaboration with IDEMIA and Softspace