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Search Results for: central bank digital currency

UAE records first digital dirham transaction via mBridge CBDC
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4 February, 2024

UAE records first digital dirham transaction via mBridge CBDC

The Central Bank of the United Arab Emirates initiated a 50 million dirham ($13.6 million) transfer to China at the...
Huawei’s new operating system supports digital yuan transactions
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3 February, 2024

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...
Digital yuan trials included in 5-year modernization plan for Shanghai district
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2 February, 2024

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...
Central banks are adopting AI despite inherent risks
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1 February, 2024

Central banks are adopting AI despite inherent risks

Even before artificial intelligence gained mainstream popularity, central banks have been utilizing the technology, according to a study by the...
BOE and UK Treasury praise potential of CBDCs, remain undecided on ‘digital pound’
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30 January, 2024

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...
Sri Lanka’s central bank mulls CBDC launch before end of 2024
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29 January, 2024

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...
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