Japan’s Soramitsu to conduct CBDC feasibility study for the Philippines and Vietnam
According to Nikkei, the two countries are revamping their CBDCs efforts in response to the growing popularity of Chinese payments apps like Alipay and WeChat Pay.
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Philippines: Bangko Sentral ng Pilipinas pushing through with CBDC experiment
A management team has been put to take on the initiative, with Deputy Gov. Mamerto Tangonan as project lead, Edna Villa as the payments advisor, and Lilia Guillermo as the technology advisor.
Israel central bank teams up with Hong Kong to test retail digital currency
Bank of Israel partnered with the Hong Kong Monetary Authority and the Bank for International Settlements to test the feasibility of a digital shekel for retail use.
Digital euro issuance would be capped at €1.5T, ECB’s Fabio Panetta says
Fabio Panetta says that this would limit the risk of disintermediation of the banking system should the majority of people decide to save with the central bank.
Nigeria’s eNaira now available via USSD to boost adoption and financial inclusion
The central bank believes that making the eNaira available to feature phone users will boost uptake, although some are skeptical about security and privacy.
Bangladesh exploring CBDC as an alternative to ‘risky’ private digital currencies
Minister of Finance AHM Mustafa Kamal revealed that the primary purpose of the CBDC will be to facilitate virtual transactions and encourage startups and e-commerce businesses.
Reserve Bank of India deputy gov confirms 2023 launch for CBDC
T. Rabi Sankar's statement echoes the RBI's revelation in its annual report released earlier this month, where it said it would follow a "graded approach" to introduce the digital rupee.
Reserve Bank of India deputy gov tells IMF: CBDCs can kill digital currencies
Speaking at a webinar series organized by the IMF, RBI Deputy Governor T. Rabi Sankar stated that the Indian central bank believes CBDCs could kill private digital currencies.
Reserve Bank of India lists CBDC introduction as one of major initiatives for 2022-23
In its annual report published recently, the Reserve Bank of India proposed a three-stage "graded approach" to introduce a central bank digital currency, including proof-of-concept, pilot, and launch.
ECB President Christine Lagarde slams digital currencies while backing CBDCs
Christine Lagarde remarked that digital currencies are highly speculative and very risky assets, but backed that the central bank will be behind the digital euro.
Central Bank of Chile prolongs plans to issue CBDC
The BCC says it needs to gather more information and would be conducting a series of "seminars, presentations, and meetings with different counterparts."
IMF recommends Bahamas deepen CBDC education campaign
Bahamas' central bank digital currency currently makes up about 0.1% of the country's money supply, prompting the IMF to recommend that the Caribbean country accelerate its CBDC education campaign and expand its capacity.