Central Bank Digital Currency

Shenzhen pilot program highlights potential for digital yuan
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31 October, 2020

Shenzhen pilot program highlights potential for digital yuan

The digital yuan is not a digital currency like Bitcoin, but a virtual fiat currency issued and controlled by the...
Swiss National Bank and BIS announce digital currency trial by 2020 end
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29 October, 2020

Swiss National Bank and BIS announce digital currency trial by 2020 end

The trial will also allow the banks to see how the technology syncs with existing payment systems, as well as...
China’s new draft law seeks to legalize digital yuan but ban competitors
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29 October, 2020

China’s new draft law seeks to legalize digital yuan but ban competitors

In a new draft law, the bank proposed banning any yuan-pegged digital tokens, effectively killing off any competitor to its...
Bahamas launches Sand Dollar, the world’s first official CBDC
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28 October, 2020

Bahamas launches Sand Dollar, the world’s first official CBDC

The Central Bank of the Bahamas has developed the Sand Dollar to be transferrable via mobile phones, making it easy...
Hong Kong finance chief open to collaboration on digital yuan
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28 October, 2020

Hong Kong finance chief open to collaboration on digital yuan

The Hong Kong government is reportedly exploring working with Chinese authorities to incorporate the digital yuan in wholesale and cross-border...
Kenyan central bank exploring CBDCs, digital currency regulation
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26 October, 2020

Kenyan central bank exploring CBDCs, digital currency regulation

The Central Bank of Kenya is in discussions with other central banks globally regarding the introduction of a central bank...