May 1st, 2025
CBDC News - Page 16
Bank of Korea (BoK) Scales CBDC Test Programs to NFTs and Global Remittances
By Steve Muchoki
November 8th, 2022
The Bank of Korea discovered that its CBDC could process up to 2000 transactions per second, which is way below what the standard centralized ledger database offers.
Netherlands Queen Declares Support for Digital Euro
By Ibukun Ogundare
November 8th, 2022
The Queen declared her support for the digital euro while speaking virtually at a conference organized by the European Commission.
Digital Euro May Impose Transaction Limit for Individual Users
By Godfrey Benjamin
November 7th, 2022
While the expected transaction limits have not been finalized as the development of a prototype of the Digital Euro is still going on, the possibilities have shown how much oversight the ECB plans to have over the CBDC.
Former Argentine Banker Proposes Unified Digital Peso Payment System
By Godfrey Benjamin
November 7th, 2022
The Digital Peso proposal from Carlos Maria De Los Santos sounds like a viable alternative for countries looking at floating their own CBDCs.
Japan’s Digital Ministry Introduces DAO to Explore Web3
By Bhushan Akolkar
November 4th, 2022
The Digital Agency of Japan is exploring how DAOs can run and what they can achieve. Japan has been looking at ways to integrate Web3 technology into their government operations as well as the economy.
MAS Unveils Project Ubin+ to Explore Wholesale CBDCs
By Babafemi Adebajo
November 3rd, 2022
The unveiling of the wholesale CBDCs project comes a day after MAS announced the completion of live tests under project Guardian.
Monetary Authority of Singapore Completes Phase 1 of Project Orchid
By Babafemi Adebajo
November 1st, 2022
With MAS hoping to build an innovative and responsible digital asset ecosystem, it continues to explore the retail CBDC, despite finding it currently unnecessary.
Reserve Bank of India Starts Digital Rupee Pilot on November 1
By Babafemi Adebajo
November 1st, 2022
While pushing for a quick launch of its CBDC, the Indian government has not been welcoming to cryptocurrencies in general.
Turkey Plans to Launch CBDC by 2023
By Sanaa Sharma
October 26th, 2022
The Digital Turkish Lira System will be merged with digital identity and the FAST payment system.
Japan Credit Bureau to Test CBDC for Payment Settlement
By Babafemi Adebajo
October 24th, 2022
Asides from creating its digital currency, JCB has been making forays into the world of blockchain, crypto, and Web3.
India to Create Standard Operating Procedures for Crypto
By Mayowa Adebajo
October 17th, 2022
Sitharaman has always had reservations about crypto, clamouring for the need for global regulators to take a cautious approach to the asset class.
Chinese Government Researchers Ponder Pan-Asian Digital Currency to Loosen US Dollar Dependence
By Tolu Ajiboye
October 14th, 2022
Amid aggressive US rate hikes, Chinese state researchers are floating the idea of a ‘liberating’ pan-Asian digital currency.
Treasury Secretary Janet Yellen Emphasizes Need for Regulatory Framework for Crypto Market
By Ibukun Ogundare
October 14th, 2022
The US Treasury Secretary thinks a CBDC possesses the advantages required for problem-solving in many cases.
Digital Yuan Transactions Volume Tops $14B Mark
By Kofi Ansah
October 13th, 2022
The e-CNY pilot program has already expanded to 23 cities and regions in 15 provinces and provincial-level cities.
India to Begin Testing Its E-Rupee CBDC
By Mayowa Adebajo
October 10th, 2022
Per the RBI, the e-rupee will not only be an alternative to paper money but also an alternative to cryptocurrencies.