May 2nd, 2025
CBDC News - Page 17
Central Bank of Canada Highlights Retail CBDC Archetypes
By Ibukun Ogundare
October 7th, 2022
The Bank of Canada was one of the first sets of central banks to begin in-depth research on CBDC.
SWIFT Unveils Its Blueprint for Central Bank Digital Currency Network
By Godfrey Benjamin
October 5th, 2022
For the important role that the SWIFT network has played thus far in keeping global financial integrity, it is confident in being able to develop a functional system that will make CBDCs a globally liquid legal tender as it is currently doing for fiat.
SWIFT Joins Hands with Chainlink over Cross-Chain Protocol
By Bhushan Akolkar
September 29th, 2022
The Proof-of-Concept will utilize Chainlink’s Cross-Chain Interoperability Protocol (CCIP) while allowing SWIFT messages to instruct token transfers across every blockchain network.
Sweden, Israel and Norway Engage BIS to Explore Cross-border CBDC Payments
By Mercy Tukiya Mutanya
September 29th, 2022
This news comes after an announcement by the BIS revealing that a CBDC pilot involving the central banks of Hong Kong, Thailand, China, and the United Arab Emirates had been successful.
Russia Plans to Use Digital Ruble for International Deals with China
By Kofi Ansah
September 27th, 2022
The head of Russia’s lower house of parliament’s finance committee, Anatoly Aksakov, recently acknowledged that Russia’s access to the world market has been hampered by geopolitical turmoil.
Australia’s eAUD Pilot to Be Completed by Mid-2023
By Mercy Tukiya Mutanya
September 27th, 2022
The white paper stressed that the eAUD pilot program does not guarantee that RBA will issue a CBDC at the end.
Australian Liberal Senator Calls for Stablecoin and Digital Yuan Regulation, Drafts Bill
By Mercy Tukiya Mutanya
September 19th, 2022
Given that the Liberal party is in opposition to the ruling Labour party, it remains to be seen if Senator Bragg’s bill will be passed.
White House Releases Guidelines for Crypto Regulation
By Godfrey Benjamin
September 16th, 2022
One major aspect that was addressed by the new framework is the fight against illicit finance.
Digital Euro Should Be Capped and Green, Five European Nations Suggest
By Sanaa Sharma
September 16th, 2022
The ECB authorities have claimed that the virtual euro will be initially introduced to pay attention to public-based applications like transactions among peers and in retail shops.
Ripple Advisor Hints at Several CBDC Announcements in Next Couple of Weeks
By Sanaa Sharma
September 7th, 2022
Ripple has been very involved with its participation in central bank digital currencies projects since inaugurating an exclusive rendition of the XRP ledger in March 2021 and offering a platform for central banks to safely roll out CBDCs.
India’s Central Bank Prepares for CBDC Trial Along with Local Fintechs
By Bhushan Akolkar
September 6th, 2022
The RBI is also reportedly consulting with a US-based financial services company FIS fo the launch of its central bank digital currency (CBDC).
IMF Pushing for New and Efficient Global Payment System with CBDCs
By Godfrey Benjamin
September 2nd, 2022
There are also many negativities that Central Bankers focus on when it comes to the use of digital currencies for international or even local transactions.
Digital Dollar Project Launches Technical Sandbox Program to Explore CBDC Infrastructure Solutions
By John K. Kumi
September 1st, 2022
Digital Asset, EMTECH, Knox Networks, and Ripple are named among the participants of the new program.
Fed’s FedNow Payment System Expected to Be Launched Next Year, Says Brainard
By John K. Kumi
August 30th, 2022
It is important to note that FedNow is not a blockchain-based product like Cosmos, Monero, Polkadot, or Bitcoin.
Nigeria Expands eNaira Project to Reach Unbanked Population
By Babafemi Adebajo
August 19th, 2022
Nigeria launched its Central Bank Digital Currency, the eNaira, in October 2021, becoming the first African country to do so.