Huawei’s new operating system supports digital yuan transactions
Huawei's HarmonyOS Next will offer "atomicity," a key feature of central bank digital currencies (CBDCs) designed to allow instant settlement between consumers and merchants.
Latest Central Bank Digital Currency News
Digital yuan trials included in 5-year modernization plan for Shanghai district
Chinese authorities have confirmed a modernization plan for Shanghai's Pudong New Area, focusing on establishing a new commercial hub and digital yuan experiments.
How CBDCs and stablecoins could impact monetary policy: Fed report
While TradFi has built a reputation that could withstand the test of time, CBDCs and stablecoins are making a name of their own, with the Fed acknowledging their disruptive impacts in a new report.
BOE and UK Treasury praise potential of CBDCs, remain undecided on ‘digital pound’
The Bank of England and the U.K. Treasury remain undecided about the necessity of a CBDC in the U.K. but confirmed that neither the Bank nor the government would have access to users' personal data.
Sri Lanka’s central bank mulls CBDC launch before end of 2024
To revitalize the financial sector, the Sri Lankan central bank pushes for the development of an accessible payment solution and the launch of CBDC, which it sees as a key to financial inclusion.
Egypt eyes CBDC launch by 2030
Designed to run from 2024-2030, the Central Bank of Egypt is expected to pursue a central bank digital currency pilot to identify the ideal strategy for a national launch.
Jamaica to finance point-of-sale upgrades in CBDC push
Jamaica needs to upgrade 50,000 point-of-sale machines to handle its JAM-DEX, and the central bank has pledged to fund the upgrade for 20% to prop up the struggling state-backed digital currency.
India’s Web3 industry expects ‘financial proliferation’ of blockchain technology in 2024
As India warms up to blockchain with the federal government emphasizing its benefits, its Web3 industry experts expect more banks and financial institutions to utilize the technology in 2024.
Russia pushing pensioners to ‘digital ruble trap,’ economist says
Alexander Razuvaev says that while it’s being framed as optional, the digital ruble will become mandatory for all pension payments, limiting economic freedom.
Delta Capita, Montis explore deposit tokens, wholesale CBDCs in expanded partnership
Montis and Delta Capita have agreed to explore blockchain offerings further, leveraging the MACH technology as part of their mission to improve the CSD landscape.
Australian consortium prepares for pilot exploring money markets, debt tokenization
In a joint statement, DFCRC and Imperium Markets’ pilot is expected to run until 2026, seeking to reduce industry risks through the use of blockchain technology.
Stablecoins, enterprise adoption, regulations: Blockchain trends in Nigeria in 2024
Nigeria’s blockchain adoption will continue this year, with enterprise solutions taking center stage as blockchain goes beyond hype into the utility phase.