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.
Russia’s central bank may roll out digital ruble early 2022. The project is focused on replacing other digital currencies in the country.
A list of celebrity tech investors is looking into the latest buzzword in the blockchain industry—non-fungible tokens (NFTs).
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 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.
The test bridges the gap between mainstream finance and blockchain technology without relying on a central bank digital currency.
The Liaison and Coordination Committee will focus on facilitating smooth implementation of the proof of concept for the central bank digital currency.
The move is being seen as a widening of the scope of trials of the digital currency, following successful regional pilots across the country.
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.
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’s central bank intends on launching a digital ruble prototype this year, its deputy chairman has recently revealed.