China unveils first digital yuan physical card in Shanghai
Unlike in Shenzhen, Beijing and Suzhou, the People’s Bank of China is expanding beyond the use of smartphones to make digital yuan payments.
Latest Central Bank Digital Currency News
Swedish bankers fear for deposit base as e-krona plans develop
Swedish bankers are weighing up the risks of a digital currency to their deposit base, as plans for the rollout of an e-krona continue at pace.
China extends digital yuan test to Beijing as Shenzhen holds second lottery
China’s digital currency electronic payment has been in testing phase in locations including Shenzhen, Suzhou, Xiong’an New Area, and Chengdu.
Turkish central bank announces surprise digital currency pilot for 2021
Turkey is set to begin trials of a new digital currency in 2021, after the country’s central bank announced it had been working on a digital lira.
Japan to launch a CBDC feasibility study in 2021: report
The Bank of Japan is reportedly conducting research on a digital yen as it aims to keep up pace with neighboring China.
2020 year in review: Revolutionary use cases of blockchain in banking and finance
Patrick Thompson takes a look at some of the revolutionary developments in banking and finance that took place in 2020 involving blockchain technology and digital currency.
Bank of France moves from conceptual to market CBDC trials: deputy governor
Banque du France is seeking to determine how a central bank digital currency can improve the fluidity and efficiency of payment and settlement systems.
Digital yuan not a replacement for the US dollar: ex-PBoC governor
China had learned a lesson from the hostile reception Libra, now Diem, has received globally, according to the former governor of the People’s Bank of China.
Suzhou residents make 20,000 digital yuan transactions on Double 12
Chinese residents in the city of Suzhou made close to 20,000 transactions in a digital yuan trial on e-commerce giant JD.com.
Are central bank digital currencies a bad idea?
While they are being touted as the future, it’s time to rethink and reevaluate the role that CBDCs will play in the future of finance.
China and Hong Kong working on digital yuan cross-border payments
Hong Kong’s central bank has been working with China’s digital currency institute to trial the use of the digital yuan on cross-border payments.
Bank of Canada ready to move ‘sooner than expected’ on digital dollar
Central bank officials have indicated progress has been made on launching a digital currency, citing the pressures of the COVID-19 pandemic as a catalyst.