CBDC

Twitter influencer BitBoy warns the community about the circulation of $USDC, claiming that it is a central bank digital currency (CBDC). As part of Circle’s CEO Jeremy Allaire’s announcement, the...

According to a recent poll by the business data firm Morning Consult in conjunction with Bloomberg and World Bank, more than half of Nigeria and Turkey’s adult populations trade cryptocurrency...

On Wednesday, in a media summit, the Governor of the Reserve Bank of India (RBI), Shaktikanta Das said that the next financial crisis will be due to private cryptocurrencies. Citing...

The Bank for International Settlements (BIS) has now allowed banks to now hold 2% of their reserves in cryptocurrencies as per its recently released Prudential Treatment of Crypto Asset exposure...

Nigerian central bank reduces ATM cash withdrawal limit to boost e-Naira. Withdrawal limit has been reduced from $337 to $45. Nigerian government is looking to tax cryptocurrencies. With the goal...

Perry Warjiyo announced that BI’s digital currency can be used in the metaverse. Last week, BI launched the design for its digital currency following the trend of many central banks’...

The Reserve Bank of India has chosen eight commercial banks to participate in a trial stage for launching the central bank digital currency (CBDC) on December 1, 2022. According to...

RBI has announced the launch of the first pilot for the retail digital rupee on Dec 1. Eight banks have been selected to act as an intermediary for the pilot...

Peter Schiff took to Twitter to report that the RBI will roll out a retail pilot program for the digital rupee. The Federal Reserve authorities launched a 12-week pilot program...

NY Fed and MAS’s Project Cedar x Ubin+ explore wholesale central bank digital currencies (wCBDCs). Project Cedar Phase II x Ubin+ will offer insight into the functionality of a multi-currency...

David Chaum introduced CBDC technology to enhance privacy. CBDC may take over as the industry standard for crypto transactions. The CBDC can prevent tracking down the unlawful currency. David Chaum,...

Korean central bank tested a program that facilitates cross-border payment via CBDC. It also confirmed that offline CBDC translation was possible. Previously, India released a report for establishing retail and...

Crypto businesses in Mainland China are considering moving to Hong Kong. Hong Kong regulators are implementing measures to promote cryptocurrency use. Regulators in Hong Kong are looking to draw in...

As per the Deputy Governor, Zimbabwe is preparing to introduce a digital currency. Matshe called eNaira’s slow adoption a learning point for Zimbabwe. Zimbabwe sent teams to visit central banks...

Pilot Central-Bank-backed Digital Rupee to be launched by Reserve Bank of India. It will be used to settle secondary market transactions in government securities. Nine banks including the State Bank...

Nigeria’s Central Bank reaches out to taxi operators for the adoption of digital currency. Regulators scrutinize Nigerian digital currency eNaira. Those using e-Naira get a 5% discount for motorized rickshaw...

The US central bank head opposes digital currency issuance. He dismissed the idea as a ‘mere checking account at the Fed. Previously, India released a report for establishing retail and...

The United Kingdom’s new Prime Minister pushes for CBDC support in the country. Rishi Sunak’s statement was shared by Bitcoin Magazine on Twitter. The PM has been vocal about supporting...

JCB, in collab with Idemia and Soft Space, launches the JCBDC pilot project. Managing Director of Idemia believes CBDC will redefine the basics of payment systems Senior executive officer of...

Chinese researchers have floated the idea of the Asian Yuan to loosen reliance on the US dollar. The Asian Yuan is an Asia-wide digital currency based on distributed ledger technology....

The Reserve Bank of India proposes its own CBDC concept The Indian CBDC aims to be a legal tender that exchanges at a one-to-one ratio with the Indian Rupee. Notably,...

Reserve Bank of India released a 50-page concept note for CBDC launching. The country will establish a retail and wholesale CBDC to simplify transactions. The Indian crypto community does not...

SWIFT announces plans for a global Central Bank Digital Currency The trial included big names like HSBC, Standard Chartered, and UBS. The project evaluated whether CBDCs could be used globally...

Central banks collaborate with the BIS for project Icebreaker. Head of BIS says these learnings will be invaluable to banks trying to implement CBDC for cross-border payments. The architecture will...

The BIS announced the successful completion of its CBDC pilot stage. The testing program took about a month to complete and facilitated over $22m in cross-border transactions. Advisor and Solution...