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Central Bank Digital Currency

India’s HDFC bank onboards 100,000 users for digital rupee pilot
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21 July, 2023

India’s HDFC bank onboards 100,000 users for digital rupee pilot

HDFC, India's largest private sector bank, has also onboarded 170,000 merchants as India seeks to hit a million daily transactions...
Russia passes CBDC legislation as digital ruble pilot prepares for takeoff
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20 July, 2023

Russia passes CBDC legislation as digital ruble pilot prepares for takeoff

The CBDC bill, supporting the creation of a digital ruble pilot, amended certain parts of the Russian civil code and...
India unveils plans to trigger increased CBDC adoption
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16 July, 2023

India unveils plans to trigger increased CBDC adoption

India explores other use cases of CBDCs in an attempt to achieve a record of one million daily transactions, with...
Bank of China tests digital yuan SIM card payments using NFC technology
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15 July, 2023

Bank of China tests digital yuan SIM card payments using NFC technology

Aside from the CBDC functionality, the Bank of China stated that the SIM cards may support several applications, including access...
UK update: CBDCs, tokenized bank deposits, and self-sovereign identity systems in play
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14 July, 2023

UK update: CBDCs, tokenized bank deposits, and self-sovereign identity systems in play

In the past week, the U.K. has been moving quickly with innovations related to digital currencies, blockchains, and financial innovation...
24 CBDCs set to launch by 2030, over 93% of central banks experimenting with the asset class: BIS
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14 July, 2023

24 CBDCs set to launch by 2030, over 93% of central banks experimenting with the asset class: BIS

Bank for International Settlements notes that the retail CBDCs will be the dominant offering while their wholesale versions will be...
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