Japan to launch a CBDC feasibility study in 2021: report
The Bank of Japan is reportedly conducting research on a digital yen as it aims to keep up pace with neighboring China.
Latest Central Bank Digital Currency News
2020 year in review: Revolutionary use cases of blockchain in banking and finance
Patrick Thompson takes a look at some of the revolutionary developments in banking and finance that took place in 2020 involving blockchain technology and digital currency.
Bank of France moves from conceptual to market CBDC trials: deputy governor
Banque du France is seeking to determine how a central bank digital currency can improve the fluidity and efficiency of payment and settlement systems.
Digital yuan not a replacement for the US dollar: ex-PBoC governor
China had learned a lesson from the hostile reception Libra, now Diem, has received globally, according to the former governor of the People’s Bank of China.
Suzhou residents make 20,000 digital yuan transactions on Double 12
Chinese residents in the city of Suzhou made close to 20,000 transactions in a digital yuan trial on e-commerce giant JD.com.
Are central bank digital currencies a bad idea?
While they are being touted as the future, it’s time to rethink and reevaluate the role that CBDCs will play in the future of finance.
China and Hong Kong working on digital yuan cross-border payments
Hong Kong’s central bank has been working with China’s digital currency institute to trial the use of the digital yuan on cross-border payments.
Bank of Canada ready to move ‘sooner than expected’ on digital dollar
Central bank officials have indicated progress has been made on launching a digital currency, citing the pressures of the COVID-19 pandemic as a catalyst.
Swiss central bank completes CBDC trial, downplays DLT
While the trial demonstrated the feasibility of a wholesale CBDC, the bank claimed that distributed ledger technology has not yet proven its ability to handle the European country’s payments system.
Russia central bank snubs private ruble-pegged stablecoins
The Chinese model for its digital yuan is a better template for Russia in exploring a central bank digital currency, central bank officials said.
Project Aber: CBDC an improvement over current fiat systems
Two of the largest economies in the Middle East have described a central bank digital currency as an improvement over the centralized payment systems.
Bank of Russia discusses digital ruble plans with bank execs
The Russian central bank recently met with some of the country’s commercial banks to discuss the proposed digital ruble.