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Central Bank Digital Currency

Singapore central bank launches global challenge for retail CBDC solutions
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4 July, 2021

Singapore central bank launches global challenge for retail CBDC solutions

The Global CBDC Challenge focuses on enhancing the effectiveness of payment and stimulating financial inclusion through the discovery of innovative...
China rolls out digital yuan for subway payments in Beijing, Suzhou
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3 July, 2021

China rolls out digital yuan for subway payments in Beijing, Suzhou

The municipal government of Beijing announced that users of the Industrial and Commercial Bank of China digital app would be...
Nigeria CBDC already in development with plans for pilot testing in 2021: report
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26 June, 2021

Nigeria CBDC already in development with plans for pilot testing in 2021: report

The West African country has been cracking down on digital currencies for months, but according to one report, it has...
Bank of Israel official confirms digital shekel plans
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25 June, 2021

Bank of Israel official confirms digital shekel plans

Andrew Abir said the bank had begun piloting the digital currency, though was keen to downplay suggestions that a wider...
French central bank trials CBDC-based securities settlement
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24 June, 2021

French central bank trials CBDC-based securities settlement

The trial involved using the CBDC to simulate the settlement of listed securities in a test environment. Banque de France...
Bank of Ghana working towards issuing first state-backed digital currency
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15 June, 2021

Bank of Ghana working towards issuing first state-backed digital currency

Central bank governor Dr. Ernest Addison confirmed that the digital cedi project is now “in the advanced stages,” noting there...
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