Central Bank Digital Currency

Central Bank of Kenya: State-backed digital currency won’t solve all financial challenges
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2 April, 2022

Central Bank of Kenya: State-backed digital currency won’t solve all financial challenges

The CBK governor believes that central banks must address their financial challenges directly before launching a digital currency as it...
Bank of Japan begins second phase of CBDC testing
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1 April, 2022

Bank of Japan begins second phase of CBDC testing

The BOJ completed the first phase, which started in April last year, in which it focused on the basic functions...
Bank of England partners with MIT for 12-month CBDC research project
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31 March, 2022

Bank of England partners with MIT for 12-month CBDC research project

The BoE joins the U.S. Federal Reserve and the Bank of Canada, which has been working with MIT, but it...
BIS partners with Australia, Singapore on multi-CBDC platform pilot
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30 March, 2022

BIS partners with Australia, Singapore on multi-CBDC platform pilot

The Bank for International Settlements also partnered with South African and Malaysian central banks to develop the prototypes for an...
Low smartphone penetration will hinder CBDC adoption, Kenya central banks says
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30 March, 2022

Low smartphone penetration will hinder CBDC adoption, Kenya central banks says

The central bank governor believes it may be wise to delay the possible rollout of a digital shilling as those...
‘We’ll not be making BTC legal tender’: Honduras central bank debunks rumors
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27 March, 2022

‘We’ll not be making BTC legal tender’: Honduras central bank debunks rumors

Referencing two previous communiqués in 2020 and 2021, the bank stated that it does not “supervise or guarantee operations carried...
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