SWIFT makes significant progress in CBDC experiments, poised to flip cross-border payments
SWIFT's two experiments conducted in recent months proved that it was possible to move CBDCs on existing financial infrastructure.
Latest Central Bank Digital Currency News
Philippines CBDC would not be worthwhile at this point, finance chief says
Benjamin Diokno, who previously headed the central bank, believes that payment systems in the Philippines such as PesoNet are working just fine as it is.
US lawmakers want to look at Justice Department’s CBDC assessment
House Republicans noted that only Congress has the power to coin money and regulate the value thereof, despite Biden’s order to DOJ seeking its CBDC assessment.
Ghana’s central bank backs CBDCs for financial inclusion
In a recent interview, the head of fintech at the Bank of Ghana backed state bank-backed digital currencies, saying that data generated by CBDC transactions optimizes credit opportunities.
Hong Kong launches trials for more suitable use cases for e-HKD: report
Eddie Yue, head of the HKMA, noted that the trials would involve commercial banks and are scheduled to begin sometime in the fourth quarter.
Russia eyes use of digital ruble in transacting with China
As the U.S. fortifies its grip on the global financial system, Russia targets to give sanctions-hit countries an opportunity to carry out international business easily—by using CBDCs.
Bank of International Settlement wraps up mBridge cross-border CBDC pilot
A month-long CBDC pilot program involving Hong Kong, Thailand, China, and the United Arab Emirates ends with millions in cross-border and foreign exchange transactions made, signaling a new track for economic growth.
French central bank to explore wholesale CBDCs and utility of tokenized bonds
Apart from considering the benefits of wholesale CBDCs, Villeroy de Galhau notes that the central bank is also looking to improve CBDCs' liquidity management in DeFi using automated market makers.
Reserve Bank of Australia seeks input on use cases for CBDC pilot program
Preparations are up for Australia's CBDC pilot initiative, with the release of a white paper rallying the industry to explore use-cases of digital fiat and how it can transform the finance sector.
Bitcoin and CBDC: Co-existence of private money
In the CBDC playbook of nChain, the risks of CBDCs were discussed, especially "loss of privacy," and the BSV blockchain is a handy tool to enhance privacy at scale.
HKMA: Hong Kong inches toward launching wholesale CBDC
The HKMA has not yet issued a time frame, but experts believe that a full launch could take up to two years due to the amendments the legislature will have to make to give the CBDC legal backing.
European Central Bank recruits Amazon, 4 other firms to test digital euro
Five fintech firms were selected for a special collaboration with the European Central Bank, which will see them test the digital euro, opening a pathway for fast and inexpensive payment methods.