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Central Bank Digital Currency

African central banks discuss CBDCs for cross-border payment
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27 November, 2022

African central banks discuss CBDCs for cross-border payment

Thirteen central banks met in Kenya recently to discuss the impact of CBDCs on cross-border payments while still ensuring AML...
India’s central bank to launch retail CBDC pilot in December
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25 November, 2022

India’s central bank to launch retail CBDC pilot in December

A number of commercial banks will participate in the project with RBI noting that each financial institution will test the...
Bank of Jamaica extends eCurrency deal ahead of full-scale CBDC rollout
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25 November, 2022

Bank of Jamaica extends eCurrency deal ahead of full-scale CBDC rollout

eCurrency and Jamaica expect that the extension of their JAM-DEX project will make significant strides in the country's digital transformation...
New York Fed partners Singapore in wholesale CBDC trial
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16 November, 2022

New York Fed partners Singapore in wholesale CBDC trial

The Federal Reserve Bank of New York, which also launched another trial with major U.S. lenders, made it clear that...
Bank of Korea: Ethereum is insufficient as CBDC network
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11 November, 2022

Bank of Korea: Ethereum is insufficient as CBDC network

The Bank of Korea published a report revealing that its simulations of a digital won had proven Ethereum isn’t scalable...
NY Federal Reserve testing CBDCs to improve foreign exchange transactions
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9 November, 2022

NY Federal Reserve testing CBDCs to improve foreign exchange transactions

The exploration is part of Project Cedar, an experiment conducted by the BIS to test the worthiness of wholesale CBDC...
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