First set of local retailers in Shanghai accept digital yuan payments
As local outlets report, China is accelerating its rollout as it readies the digital currency for use during the Winter Olympics in Beijing in 2022.
Latest Central Bank Digital Currency News
Morocco central bank exploring digital currency but Bitcoin still banned
The Bank Al-Maghrib has tasked the new committee with identifying and analyzing the advantages and drawbacks of a digital dirham for the Moroccan economy.
Nicolas Maduro promises digital currency ‘surprise’ for Venezuela
President Nicolas Maduro recently told Venezuelans that his government is working on a digital bolivar, promising a big surprise announcement soon.
Federal Reserve: 2021 is the year we will engage the public on digital dollar
Jerome Powell has in the past remained tightlipped on the central bank digital currency, urging caution and claiming the Federal Reserve was monitoring the field.
China joins Hong Kong and Thailand in CBDC research project
China and the United Arab Emirates have joined a research initiative that studies the feasibility of a central bank digital currency.
Sweden extends central bank digital currency trial for another year
A trial of Sweden’s e-krona will be extended for another year to 2021, in a bid to better understand the benefits and implications of a wider roll-out.
Bahamas launches the first digital currency-linked debit card
The Bahamas launched the Sand Dollar as it sought to insulate its financial system against the constant disruptions that occur whenever the country experiences a natural disaster.
Russian mobile networks plan wallet and payment services for digital ruble
Mobile networks Beeline and Megafon are reported to be considering supporting services for an eventual central bank digital currency.
ECB exec proposes penalty for hoarding digital euro
Fabio Panetta wants a €3,000 threshold for digital euro users to hold, beyond which they would incur a penalty, such as negative interest rates.
Bank of Canada: Coronavirus could accelerate central bank digital currency
The Bank of Canada said the global health crisis had hastened the urgency of the development of its state-backed digital currency.
Investors to get reprieve as India gears up for total ban on digital currencies: report
The ban will reportedly be enforced in phases, giving digital currency owners the opportunity to sell all their holdings.
Bank of Korea: Treat CBDCs as fiat, not virtual assets
The Bank of Korea has said central bank digital currencies are not virtual assets, but an alternative form of fiat currency, requiring some legal changes ahead of any future national rollout.