Digital yuan pilot moves to southern Hainan province
In its latest test, the PBoC has partnered with the Industrial and Commercial Bank of China’s Haikou branch and the Sansha city municipal government.
Latest Central Bank Digital Currency News
Digital ruble highest form of money, Russia says
Russia’s central bank may roll out digital ruble early 2022. The project is focused on replacing other digital currencies in the country.
The CoinGeek Pulse Episode 39: Celebrity investors eye next NFT, Tokenized releases API, and Japan takes first step to future with digital yen
A list of celebrity tech investors is looking into the latest buzzword in the blockchain industry—non-fungible tokens (NFTs).
Japan central bank kicks off digital yen feasibility study
The central bank of Japan has started the first phase of a feasibility study with a goal of testing the CBDC’s basic functions including issuance, distribution and redemption.
ECB chief: Digital euro could take 4 years
ECB President Christine Lagarde set out the intricate decision making process involved for the bank in a Bloomberg interview, in which she indicated it may be 2025 before any digital currency would be ready.
Germany’s federal bank tests blockchain payment system sans CBDC
The test bridges the gap between mainstream finance and blockchain technology without relying on a central bank digital currency.
Bank of Japan forms new committee to coordinate CBDC efforts
The Liaison and Coordination Committee will focus on facilitating smooth implementation of the proof of concept for the central bank digital currency.
Chinese banks open for digital yuan wallet applications
The move is being seen as a widening of the scope of trials of the digital currency, following successful regional pilots across the country.
China’s digital yuan will be private but not anonymous: CBDC lead
The controllable anonymity will protect the central bank digital currency against criminal use and ensure the bank can track all payments the users make, according to a central bank official.
Japan eyes central bank digital currency experiments in 2021
Bank of Japan Governor Haruhiko Kuroda stressed the need for Japan to prepare thoroughly for a time in which it may need to issue a digital yen.
Russia to pilot digital ruble prototype in 2021
Russia’s central bank intends on launching a digital ruble prototype this year, its deputy chairman has recently revealed.
South Korea’s Shinhan Bank trials new digital currency platform
Shinhan Bank is hoping to collaborate with the central bank with the blockchain-powered platform, in order to assist with the development and rollout of a central bank digital currency in South Korea.