May 1st, 2025
CBDC News - Page 15
US Not in Hurry to Adopt Digital Dollar, Says Treasury Official
By Mayowa Adebajo
December 22nd, 2022
The Federal Reserve is a long way from issuing its CBDC, must get clear approval from Congress and the executive arm of government.
Kazakhstan to Complete Its CBDC Rollout by 2025
By Mayowa Adebajo
December 19th, 2022
Kazakhstan should have its in-house CBDC ready and available for commercial use as early as 2023.
Central Bank of Brazil to Launch CBDC by 2024
By Babafemi Adebajo
December 14th, 2022
The announcement of a CBDC pilot comes after the Central Bank of Brazil partnered with nine banks that will assist it with CBDC development.
UK Crypto Tax Break Extended to Induce More Investments in This Space
By Tolu Ajiboye
December 9th, 2022
The UK will extend its crypto tax break as part of a broader financial reform package to increase the country’s crypto profile.
Australian Central Bank Higlights Pros and Cons of CBDC
By Mercy Tukiya Mutanya
December 8th, 2022
The potential benefits of a CBDC in the Australian context include its possibilities to enhance the country’s monetary and payment systems and support competition and efficiency in the payments system while reducing user costs.
Central Bank of Spain Calls for Proposals on New CBDC Project
By Sanaa Sharma
December 8th, 2022
The program is specific to the BDE and it claims to be unassociated with the undergoing work in the European Union researching the utility of a digital euro.
Iran to Freeze Bank Accounts of Women Who Do Not Wear Hijab
By Sanaa Sharma
December 7th, 2022
As the Iranian government finds newer ways to impose restrictions on its people, the solidarity of the Iranian community is also worth talking about.
Pakistan Set Up New Laws to Fastrack CBDC Launch
By Mayowa Adebajo
December 5th, 2022
Pakistan is intensifying efforts to launch its CBDC and has issued a timeframe within which it’ll achieve its aim.
Reserve Bank of India Rolls Out Pilot Phase ahead of Digital Rupee Launch
By Tolu Ajiboye
December 1st, 2022
The RBI is test-running its digital rupee in numerous banks and Indian cities as it nears the official launch of the CBDC.
France and Luxembourg Partner on Venus Initiative to Use CBDC in Settling Bond
By Ibukun Ogundare
November 30th, 2022
In the latest announcement on France and Luxembourg collaborating on the Venus project, it was revealed that both institutions are proposing cross-border settlements.
RBI Plans to Introduce Digital Rupee on December 1st
By Ibukun Ogundare
November 29th, 2022
The CBDC program will help RBI to experiment with more features and applications of the digital rupee in future pilot programs.
ECB’s President Christine Lagarde Calls for Further Crypto Regulations Following FTX Collapse
By Steve Muchoki
November 29th, 2022
The FTX bankruptcy has surprised many investors with fears of possible unexpected centralized crypto exchange collapse.
Bank of Japan to Experiment with Digital Yen in 2023
By Babafemi Adebajo
November 24th, 2022
BOJ Governor stated that a retail CBDC could provide a more secure and seamless way to make settlements in Japan.
India to Roll Out Retail Digital Rupee Pilot Program in December
By Mayowa Adebajo
November 22nd, 2022
India has plans to later integrate the digital rupee with the existing bank apps and services.
New York Fed Plans to Launch 12-week CBDC Pilot Program, Features Top US Banks
By Ibukun Ogundare
November 16th, 2022
This announcement signals the developing interest of the central bank in the blockchain space.