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Search Results for: central bank digital currency

China expands digital yuan pilot for SME loans to trigger widespread usage
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23 May, 2023

China expands digital yuan pilot for SME loans to trigger widespread usage

Banking officials state that relying on CBDCs for SME loans can ensure "the authenticity and credibility of the closed-loop circulation...
Jamaica plans digital marketplace to trigger CBDC adoption
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22 May, 2023

Jamaica plans digital marketplace to trigger CBDC adoption

Jamaican Senator Aubyn Hill disclosed that the marketplace would operate as an e-commerce platform allowing customers to pay for goods...
In South Korea, a power tussle is brewing for right to regulate digital assets
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21 May, 2023

In South Korea, a power tussle is brewing for right to regulate digital assets

Bank of Korea argues it has the right to access data of VASPs due to the risks tied to offering...
Zimbabwe defies IMF, sells $40 million worth of gold-backed digital tokens
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20 May, 2023

Zimbabwe defies IMF, sells $40 million worth of gold-backed digital tokens

Zimbabwe’s tokens are backed by 140 kilograms of gold, the central bank says, revealing it’s preparing for a second round...
Ripple buys Swiss digital asset custody firm Metaco—what’s the deal?
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19 May, 2023

Ripple buys Swiss digital asset custody firm Metaco—what’s the deal?

Ripple paid $250 million in cash for Metaco, giving it access to potentially important companies like Citi, BNP Paribas, and...
G7 finance ministers renew support for digital asset monitoring, CBDC research
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19 May, 2023

G7 finance ministers renew support for digital asset monitoring, CBDC research

G7 member nations reiterate that CBDCs could play a major role in maintaining a good financial system but, similar to...
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