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Central Bank Digital Currency

ECB issues first digital euro ‘preparation phase’ progress report
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1 July, 2024

ECB issues first digital euro ‘preparation phase’ progress report

The European Union is a step closer to realizing its vision for an EU-wide CBDC with its first comprehensive update,...
Switzerland extends CBDC trial by 2 years after promising early results
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27 June, 2024

Switzerland extends CBDC trial by 2 years after promising early results

Project Helvetia III will continue its run until 2026, with more firms expected to join the initiative, laying a solid...
Tencent to participate in mBridge MVP
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27 June, 2024

Tencent to participate in mBridge MVP

Through its domestic payments platform, Tenpay Global, Tencent has been testing mBridge payments for e-commerce exports and will participate in...
IMF’s work on CBDCs and digital currencies is straining its budget
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25 June, 2024

IMF’s work on CBDCs and digital currencies is straining its budget

The IMF has suggested it may reduce its output frequency, provide lighter analysis and give general policy advice, adding that...
CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF
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25 June, 2024

CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF

IMF says Middle Eastern and Central Asian countries can significantly benefit from CBDCs but urges caution as they come with...
National Australia Bank kills off stablecoin project
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25 June, 2024

National Australia Bank kills off stablecoin project

NAB started work on the AUDN stablecoin in 2022 and thought clients would use it to settle cross-border transactions, but...
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