You Searched For "countries with cbdc" and got 20 results
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3 mins read
More than $300,000 of China’s new CBDC is being spent at the Olympics every day
Head of China’s central bank claims that over $300,000 of China’s new digital yuan is being spent a…
2 mins read
The Boston Fed and MIT publish long-awaited research on central bank digital currencies
The 35-page white paper was borne out of a joint initiative announced in 2020 that aimed to explore…
Isabelle Lee
3 mins read
A fully digital US dollar would be a better online currency than crypto, new Fed report suggests
A Fed-backed digital dollar would allow for fast and secure transfers without a third party or the …
Ben Winck
2 mins read
Fed punts on the creation of a digital dollar in long-awaited report on central bank cryptocurrencies
The Fed said the report wasn't intended to indicate "any imminent decisions about the appropriatene…
Natasha Dailey
2 mins read
Visa is testing a platform that will support central bank digital currencies in partnership with blockchain firm ConsenSys
Payment rival Mastercard already launched a similar CBDC testing platform in December 2020, also in…
Isabelle Lee
2 mins read
A US congressman has proposed a bill to limit the Fed's ability to issue its own digital currency
Rep. Tom Emmer said the Fed should not have central authority over the retail accounts of Americans…
Isabelle Lee
2 mins read
India’s central bank appoints department to regulate crypto exchange, formulate CBDCs
The report also said that the bank is working on two kinds of CBDCs — wholesale and retail — and…
1 min read
Jamaica is rolling out its central bank digital currency in the 1st quarter of 2022 after a successful pilot
After the announcement of a prototype CBDC in March, the pilot began in May and concluded in Decemb…
Isabelle Lee
3 mins read
Nigeria joins China, Brazil and others in the race to launch its own central bank digital currency
The cryptocurrency world is undergoing a period of rapid progression as governments and compan…
2 mins read
No crypto ban in India — SEBI will reportedly be pulled in to regulate the sector
The Indian government is not looking to ban cryptocurrencies, but to regulate them as ‘assets’. All…
3 mins read
Japan is increasing vigilance on crypto — to hire more employees and explore CBDC
The island nation was the first country in the world to put a law in place that defined ‘crypto …
2 mins read
Bank of England official says Britcoin CBDC launch is 'probable'
Cunliffe clarified the BoE will continue to make physical cash available, especially for the 1.2 mi…
Isabelle Lee
1 min read
E-commerce giant JD.com accepts China's digital currency for world's biggest shopping event
According to JD, over 100,000 customers have paid using China's digital currency on the JD shopping…
Phil Rosen
2 mins read
China's digital currency sees soaring growth in users as transactions near $10 billion
As of the end of October, more than 140 million people have opened wallets for the digital yuan, ac…
Phil Rosen
2 mins read
Central bank digital currencies could save global corporations $100 billion per year, JPMorgan says
The 35-page report looked into a CBDC network that operates 24/7 and focused on Southeast Asia, whi…
Isabelle Lee
2 mins read
Roughly half the world's central banks are 'at some stage' of exploring their own digital currencies, IMF says
Around half the world's central banks are at "some stage" of looking into creating their own digita…
Camomile Shumba
2 mins read
The Fed may release its long-awaited paper on central bank digital currencies as early as next week, report says
Jerome Powell has said CBDCs would negate the need for stablecoins, but other observers say a digit…
Isabelle Lee
2 mins read
Visa is looking to roll out a universal payment channel that could manage transfers of stablecoins, or central bank digital currencies
Visa said on Thursday it was looking into creating what it called a universal payment channel (UPC)…
Camomile Shumba
2 mins read
Australia, Malaysia, Singapore and South Africa will trial cross-border central bank digital payments
Australia, Malaysia, Singapore and South Africa have decided to jointly test multiple CBDC's that f…
Camomile Shumba
1 min read
Chinese state-run banks reportedly are looking to expand digital yuan usage to sales of investment funds and insurance
China Construction Bank has opened 7.23 million digital wallets for individual users, the South Chi…