Digital Currency

January 30, 2024

Japan to resolve CBDC issuance legalities by Q2 2024

The Bank of Japan (BoJ) recently engaged in its inaugural official dialogue with the Japanese government regarding the development of a central bank digital currency (CBDC). […]
November 30, 2023

Digital Canadian dollar fails to impress despite high awareness

People who were aware of CBDCs were more reluctant to adopt the technology when compared with those who didn’t know about it.   The Bank of […]
October 13, 2023

China opens industrial park for digital yuan CBDC development in Shenzhen

The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan.   On October 11, China […]
October 05, 2023

Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study says

The potential is there, but the difficulties in achieving financial inclusivity are often underestimated, a Bank of Canada study shows.   In the pursuit of establishing […]
September 26, 2023

mBridge CBDC project preparing for new members, launch of minimum viable product

The project now includes central and commercial banks from China, Hong Kong, Thailand and the UAE. Future new members were not identified.   Project mBridge, an […]
September 18, 2023

US lawmakers advance legislation blocking the digital dollar

On Sept. 20, the House Financial Services Committee will mark up two bills blocking a potential digital dollar in the United States.   The U.S. House […]

Kazakhstan establishes regulatory agency to implement CBDC

The National Payment Corporation will be responsible for the development of “digital financial infrastructure,” including the implementation of the digital tenge.   The National Bank of […]
September 04, 2023

Bank of China: Platforms must provide digital yuan retail payment option

In the short term, e-commerce platforms can integrate the CBDC through QR codes.   As China’s digital yuan, a central bank digital currency (CBDC), undergoes technological […]
August 23, 2023

Crypto amplified financial risks in emerging markets: BIS papers

The central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto but warned against excessively prohibitive laws.   The […]

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