May 2nd, 2025
CBDC News - Page 21
Executive Says Bank of England Is ‘Highly Unlikely’ to Launch Retail Wallet for CBDC
By Ibukun Ogundare
February 7th, 2022
With no concrete decision on whether or not to develop a CBDC in the UK, the idea of a wallet seems to be completely ruled out.
India to Launch CBDC by 2022-2023, Proposes 30% Tax on Crypto Income
By Sanaa Sharma
February 1st, 2022
Having made this declaration on the digitized rendition of the Indian rupee, India’s first Woman Finance Minister also offered the implementation of a thirty percent tax on crypto that focuses on the exchange and trade of virtual digital assets.
Central Bank of South Korea Wraps Up Phase One of CBDC Pilot, Currently in Phase Two
By Tolu Ajiboye
January 24th, 2022
The Korea CBDC testing program is in a more advanced stage which encompasses the application of real-world functionalities.
Fed Releases Its Study on CBDC, Invites Public Opinion via Form
By Sanaa Sharma
January 21st, 2022
The paper ensures that the public response is amassed through the paper, with a feature on the probable costs and benefits of a CBDC, that could eventually advance legislation for a longer stint.
China’s e-CNY Tops $13.68B in All-Time Transactions from 261M Users
By Godfrey Benjamin
January 18th, 2022
Though backed by the government, the e-CNY still has a long way to go in dominating the digital payment ecosystem in China.
Swiss Financial Stakeholders Conclude Trial of Successful CBDC Project
By Tolu Ajiboye
January 13th, 2022
BIS, Swiss National Bank, and SIX Exchange wrapped up a successful CBDC experiment with participation from select commercial banks.
Digital Yuan Wallet Ranks among Most Downloaded Apps in China
By Tolu Ajiboye
January 12th, 2022
The state-issued digital yuan is one of China’s most downloaded apps within a week of launching, ahead of the Beijing Winter Olympics.
China’s Digital Yuan Wallet Can Now Be Downloaded via App Stores
By Oluwapelumi Adejumo
January 4th, 2022
Although the digital yuan has met with stiff opposition from countries like the United States, China has continued to push forward with its e-CNY plan.
Swift Explores Possibilities to Experiment with Tokenized Assets Next Year
By John K. Kumi
December 24th, 2021
Swift is seeking to support both traditional and tokenized asset flow. For now, they will focus on only the regulated assets.
HSBC and IBM Conduct Successful CBDC Experiments on Cross Cloud Environment
By Gladis Monteiro
December 17th, 2021
HSBC and IBM worked through the designs and architecture of the distributed ledger in a span of four months.
Indian Crypto Bill Likely to Be Delayed as Cabinet Contemplates Adjustment
By Godfrey Benjamin
December 15th, 2021
The crypto ecosystem in India is evolving and the government, as well as other key stakeholders, have a unifying stance against regulating the space.
European Central Banks Conduct Successful Experiment on wCBDC as Part of Project Jura
By Gladis Monteiro
December 9th, 2021
The experiment does not guarantee European Central Banks to bring wCBDCs into the market in immediate future.
Ripple to Help Palau Create Climate-friendly CBDC
By Oluwapelumi Adejumo
November 24th, 2021
It appears Palau, a country in Oceania, is considering adopting digital and blockchain technology, as it partnered with Ripple, the team behind XRP, to help develop its digital currency.
British Central Bank Thinks CBDCs Will Serve as a Revolution for Future of Money
By Bhushan Akolkar
November 24th, 2021
As Britain witnesses a strong surge in the use of digital money, the BoE deputy governor believes that having a Digital Pound CBDC can exactly cater to this transition.
Treasury Deputy Secretary Says Crypto’s Growth Will Not Impact Dollar’s Dominance
By Godfrey Benjamin
November 17th, 2021
The Treasury Deputy Secretary believes that the use of digital currencies in whatever format cannot prevent the effectiveness of US sanctions on countries like Russia.