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Central Bank Digital Currency

India greenlights digital rupee and Bitcoin taxes
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2 February, 2022

India greenlights digital rupee and Bitcoin taxes

The digital rupee will be launched on April 1, while the Indian government proposes a 30% tax on digital currency...
Federal Reserve long-awaited CBDC report examines pros and cons of state-backed digital currency
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31 January, 2022

Federal Reserve long-awaited CBDC report examines pros and cons of state-backed digital currency

The Fed acknowledges the benefits that a CBDC can introduce to banking and payment settlement, as well as the obstacles...
Iran eyes CBDC pilot to decentralize resources
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25 January, 2022

Iran eyes CBDC pilot to decentralize resources

The Iranian central bank plans to begin a pilot for its CBDC soon, an executive has revealed, saying it will...
70% of Jamaicans will be using CBDC within five years, prime minister says
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21 January, 2022

70% of Jamaicans will be using CBDC within five years, prime minister says

Prime Minister Andrew Holness believes that the CBDC, expected to debut in Q1 2022, will reduce banking costs and boost...
Swiss central bank completes pilot for CBDC settlement with commercial banks
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20 January, 2022

Swiss central bank completes pilot for CBDC settlement with commercial banks

The Swiss bank partnered with the BIS, SIX stock exchange and five commercial banks, including UBS, Citi, and Credit Suisse,...
India’s central bank sets up fintech department to oversee CBDC development
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13 January, 2022

India’s central bank sets up fintech department to oversee CBDC development

The department will promote innovation and aid policy interventions by the central bank while also overseeing the advancement of a...
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