Bermuda launches stimulus token, but no plans for CBDC
Bermuda has launched a digital token to stimulate the local economy following the COVID-19 pandemic.
Latest Central Bank Digital Currency News
South Korea central bank seeks partner to build its CBDC architecture
Bank of Korea is looking for a firm to partner with on the CBDC’s second phase which involves building the infrastructure.
China’s 2nd largest bank briefly launches CBDC wallet—then disables it
The China Construction Bank briefly rolled out the feature over the weekend, allowing users of its mobile app to access the digital yuan.
Bahamas central bank adds new digital currency to balance sheet
There was $48,000 worth of its central bank digital currency, the Sand Dollar, in circulation, according to the Bahamas central bank.
China digital yuan catering to small retail transactions
The digital currency electronic payment has been on a test run, targeting small retail transactions amid preparations for nationwide rollout.
Brazil central bank forms CBDC study group
The group will investigate the implications of a central bank digital currency (CBDC) on the country’s economy, among other things.
Federal Reserve experimenting with distributed ledger for digital dollar plans
The central bank has been studying and testing DLT for years now and is currently working on a hypothetical digital currency oriented to central bank uses.
Bank of Japan top economist to lead digital yen initiative
Kazushige Kamiyama has been appointed to head Bank of Japan’s payments and settlement department.
Bank of England develops infrastructure for digital pound
The facility to support CBDCs is being developed as a “bolt-on” should the bank decide to roll out a digital currency in future.
Cambodia awaits digital currency rollout
Bakong is in testing since July and is expected to be up and running by the end of the quarter, according to a central bank official.
Philippines tasks group to explore central bank digital currency
The Philippine central bank has assembled a committee to research the feasibility of central bank digital currency as well as its policy implications.
Digital yen ‘now top priority’ for Bank of Japan
Bank of Japan has been experimenting with a central bank digital currency, although it is yet to officially develop a digital currency.