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.
After the Bahamas, Jamaica would pilot test central bank digital currency. Roll-out expected in early 2022.
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.
Japan's Study Group on Digital Currency Settlement Infrastructure has announced that a two-layered digital yen will be piloted in 2021.
Riad Salameh, the governor of the Central bank of Lebanon, has announced that Lebanon will launch a central bank digital currency in 2021.
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 has announced plans for a CBDC proof-of-concept; the bank says the project will be finished by the end of the year.
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 launched a Central Bank Digital Currency (CBDC) test platform that allows users to simulate the issuance, distribution, and exchange of CBDCs
Bahamas started developing the Sand Dollar after the 2019 hurricane, seeking to "full-proof" its financial system against such destruction in the future.
Japan’s interest in a digital yen went up a notch after the government included it in its official economic plan. Japan has also been doing extensive research.