Turkey completes phase 1 of digital lira pilot, pledges to push ahead in 2023
The Turkish central bank announced that it had conducted the first successful transactions on the digital lira and said it would involve banks in phase 2.
Latest CBDC News
Kyrgyzstan MP: We must regulate digital currencies and develop a CBDC
The MP told parliament that “nothing is growing as fast as cryptocurrency” and the government must regulate them to make Kyrgyzstan a regional Bitcoin hub.
BIS wants central banks to move faster with CBDC amid looming stablecoin pressure
The head of the Bank for International Settlements has asked central banks to step up their efforts with CBDCs as they face a threat from stablecoins and DeFi.
Jamaica, Ireland firm partner to test CBDC project in 2021
After the Bahamas, Jamaica would pilot test central bank digital currency. Roll-out expected in early 2022.
China’s $3 million DC/EP lottery
The city of Suzhou in China will be distributing 20 million yuan ($3 million) of China's central bank digital currency–the DC/EP–via a lottery.
A digital yen will be piloted in 2021
Japan's Study Group on Digital Currency Settlement Infrastructure has announced that a two-layered digital yen will be piloted in 2021.
Lebanon’s launching a central bank digital currency
Riad Salameh, the governor of the Central bank of Lebanon, has announced that Lebanon will launch a central bank digital currency in 2021.
PBoC Governor gives DC/EP update
Peoples Bank of China governor Yi Gang gave several announcements regarding the DC/EP at Hong Kong Fintech week–Yi Gang's reports indicate progress.
Reserve Bank of Australia announces CBDC plans
Reserve Bank of Australia has announced plans for a CBDC proof-of-concept; the bank says the project will be finished by the end of the year.
Over $160 million sent and received via China’s DC/EP
According to PBOC’s deputy governor, China’s CBDC, the DC/EP, has been used in over 3.13 million transactions with a valuation of roughly $162 million.
Mastercard launches CBDC test platform
MasterCard launched a Central Bank Digital Currency (CBDC) test platform that allows users to simulate the issuance, distribution, and exchange of CBDCs
Bahamas gets closer to CBDC launch in post-Hurricane Dorian rebuild
Bahamas started developing the Sand Dollar after the 2019 hurricane, seeking to "full-proof" its financial system against such destruction in the future.