Bank of Canada says digital dollar ‘beyond trial phase’
The project had moved beyond proof-of-concept and was approaching being ready for a wider rollout, according to the central bank head.
Latest Central Bank Digital Currency News
PBoC Governor gives DC/EP update
Peoples Bank of China governor Yi Gang gave several announcements regarding the DC/EP at Hong Kong Fintech week–Yi Gang's reports indicate progress.
Reserve Bank of Australia announces CBDC plans
Reserve Bank of Australia has announced plans for a CBDC proof-of-concept; the bank says the project will be finished by the end of the year.
Estonia central bank talks CBDC research project, combating digital currency fraud
Rainer Olt, head of Payments and Settlement Systems Department, said Eesti Pank wants to “address and overcome the bottlenecks of DLTs for bearer CBDC.
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 People's Bank of China.
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 providing more effective routes to monitoring compliance.
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 central bank digital currency.
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 to use for the residents.
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 settlement.
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 digital currency.
Chinese consumers spend 8.8 million in digital yuan trial
Equivalent to around $1.3 million in spend, Shenzhen residents reportedly turn to the as-yet-unreleased digital currency for payments in a variety of everyday settings.
New Zealand central bank chief says ‘no plans’ for CBDC
There are currently no imminent plans to launch a central bank digital currency in New Zealand, according to a Reserve Bank of New Zealand senior executive.