British authorities are exploring the possibility of creating a new digital currency that can safeguard the sterling and improve the UK payment system.
“We’re launching a new taskforce between the Treasury…
Ahead of the Chinese New Year in February, the city of Shenzhen is slated to hold its third lottery for digital yuan, which will see another 10,000 Chinese citizens in…
The Banque de France announced the successful completion of a CBDC pilot programme testing the function of interbank settlements, where transactions were executed on a blockchain-based platform. This was facilitated…
Every country’s governments and financial institutions are making solid attempts at jumping on the central bank digital currency (CBDC) bandwagon, and Japan is no exception. Despite a lacklustre response to…
As China gears up for a nationwide central bank digital currency (CBDC) testing phase following successful citywide implementations of the DCEP, Norway on the other hand, after four years of…
As the global financial crisis accelerates, cryptocurrency has returned to mainstream public discourse. You know bitcoin has reached some level of legitimacy when Bloomberg Radio quotes its price.
Now that people…
The Reserve Bank of Australia (RBA), which went on record in September stating that there is no need for Australia to develop a digital AUD, announced that it is working…
According to the Bangkok Post, Cambodia officially launched its central bank digital currency (CBDC) called the ‘Bakong’ on October 28, and the blockchain-based platform underlying the digital version of the…
Crypto and financial analysts across the globe marvelled at China’s progress in developing and testing its central bank digital currency, the Digital Currency Electronic Payment (DCEP), last week. This came…
Central bank digital currencies (CBDCs) have been touted as the future of money, with central banks seriously considering the creation of a digital version of their respective country’s sovereign currency.…