May 1st, 2025
CBDC News - Page 23
Samsung Electronics Partners with Bank of Korea to Create a Platform for CBDC
By Sanaa Sharma
August 16th, 2021
The project revolves around exploring the advantages of a Central Bank digital currency that could enjoy convenient money transfers with high-end technology.
Top Economies Representing 90% of Global GDP Experiment with CBDC
By Bhushan Akolkar
July 26th, 2021
World’s top central banks have started pilot testing CBDCs and we can expect a full-fledged rollout from several of these in the next 4-5 years.
Mastercard Joins Hands with USDC Issuer Circle to Simplify Crypto-to-Fiat Conversions
By Bhushan Akolkar
July 21st, 2021
The two players will work on helping businesses to accept crypto payments at their end. Mastercard will leverage Circle’s USDC stablecoin to facilitate instant settlement at their end.
US Senators Ask Olympic Committee to Restrict Atheletes from Using Digital Yuan at Beijing 2022 Olympics
By Mercy Tukiya Mutanya
July 20th, 2021
The senators expressed concern over the possibility of continued surveillance of the athletes if they use the digital yuan.
Bidding for South Korea CBDC Operator Ends with Three Top Contenders
By Mercy Tukiya Mutanya
July 12th, 2021
The move to digitize the won could be well suited for South Korea as 86 percent of all transactions conducted in the country are cashless.
Bank of Ghana Unveils Plans for CBDC Pilot Test by September
By Babafemi Adebajo
July 12th, 2021
The latest comments by the bank’s deputy governor confirm the CBDC pilot test will be launched in a sandbox environment.
CBDC Exploration and Public Consultations by Reserve Bank of New Zealand Begin
By Gladis Monteiro
July 8th, 2021
The Assistant Governor of the RBNZ explained that a system of Central Bank Digital Currency will fight the cons of reduced physical cash flow.
Japan’s Digital Yen Plans to Be Clearer by Late 2022, Reveals Govt Official
By Mercy Tukiya Mutanya
July 5th, 2021
More details on the design of a CBDC could spark debate on how it could potentially affect financial institutions.
Beijing Subway Begins to Accept Digital Yuan
By Mercy Tukiya Mutanya
June 30th, 2021
Digital yuan pilot projects are not limited to the transport sector. Digital yuan salary payouts were successfully implemented in the Xiong’an New Area.
BBVA Executive Expresses Concern Over Digital Euro Adoption
By Babafemi Adebajo
June 28th, 2021
BBVA executive raises concern over the adoption of digital euro and states that there is a need to create a flexible framework that will encourage public-private partnership.
Robinhood Delaying Its IPO Plans amid Expansion of Its Crypto Business
By Patrick Kariuki
June 25th, 2021
The initial plan of Robinhood was for the IPO to be done in June but the plans stretched to July.
Impending Era of Digital Assets: National Cryptocurrencies and What to Expect from Them in 2021
By Julia Sakovich
June 22nd, 2021
CBDC is much safer than fiat money because a national digital currency is much more difficult to forge or to utilize for the purpose of carrying out illegal acts.
Bank of Israel Conducts Tests with Digital Shekel
By Babafemi Adebajo
June 22nd, 2021
The Bank of Israel has experimented with a digital shekel token. The bank states that it is far from adopting it although its plans are advancing as interest in CBDCs grows across different countries.
Digital Euro Will Guarantee Privacy and Protect EU Monetary Sovereignty, Stresses ECB Executive
By Gladis Monteiro
June 21st, 2021
According to ECB President Christine Lagarde, the CBDC Euro plan is still in its nascent stage and the completion could take up to 4 years.
BOE Model Spells Effects of Digital Currency in Money Markets and General Financial Clime
By Tolu Ajiboye
June 7th, 2021
According to the BOE model, large-scale digital currency introduction could shift the direction of the current retail financial sector.