Cambodia’s Bakong app boosts tourism by enabling payments for 3.3M locations
The National Bank of Cambodia confirmed a commitment to setting up QR locations nationwide to streamline payments using the Bakong Tourists app.
Latest Central Bank Digital Currency News
Ghana issues draft digital asset guidelines
The new guidelines require VASPs to obtain licenses from the SEC, abide by AML rules and report crimes while entitling them to banking and payment services.
Jamaica’s largest bank casts doubt on CBDC
The National Commercial Bank, the only Jamaican bank that currently offers a CBDC wallet, says that while its digital banking app has been a hit, users have avoided JAM-DEX.
Tokenized deposits gaining traction in India, central bank says
Michael Debabrata Patra, deputy governor of the RBI, believes that tokenized deposits have various use cases in cross-border and domestic payments, trading and settlement.
Replacement of bank deposits by CBDC an area of key interest for deposit insurers: RBI
At a recent International Association of Deposit Insurers event, Michael Debabrata Patra, deputy governor of RBI, said that CBDC will continue to grow relevance for deposit insurers and the IADI.
Kyrgyzstan proposes new legislation to legalize CBDC
In April, the Kyrgyz Central Bank conducted a trial for the digital som and has now opened a public consultation on draft laws legalizing CBDC by 2027.
European financial markets advocacy body suggests policy steps to scale DLT in capital markets
The Association for Financial Markets in Europe’s paper on digital finance outlines priorities for a "competitive financial market," and one key priority was addressing regulatory issues affecting tokenization.
Cambodia’s central bank uses CBDC to stifle dollarization of local economy
Riel payments via Bakong are up by over 50% since the launch of the offering, encouraged by several government initiatives to attract new users, according to the National Bank of Cambodia.
Slovenia issues inaugural digital bond in EU via BNP Paribas
The $30M digital bond issued on BNP Paribas Neobonds has an offering interest rate of 3.65% and is perceived as a step toward fulfilling the Eurozone's vision for a more efficient bond settlement.
Reserve Bank of India: CBDCs may reduce availability of cash deposits with banks
CBDCs may have the potential to be the future of money, but the Reserve Bank of India points out the implications tied to these, including their impact on banks' overall funding and lending capacity.
North Carolina House of Representatives overturns governor’s veto of bill banning CBDC
Prohibiting testing or accepting a potential U.S. central bank digital currency remains on the table after the majority of North Carolina's lower chamber voted to overturn the governor's veto on a CBDC ban.
Bank of England looks to update RTGS by exploring wholesale CBDC, synchronization
After the real-time gross settlement crash in July, the BOE is looking for a solution to update the network, proposing synchronization for the revamp while considering wCBDCs as an alternative to the current system.