December 16th, 2025
CBDC News - Page 25
Bank of Japan Commences Phase 1 Proof of Concept Testing of CBDC
By John Kiguru
April 5th, 2021
The Central Bank of Japan has confirmed the phase 1 testing of its CBDC. This will see the Bank experiment with the environment and basic functions of the CBDC.
Bank of Thailand Seeks Public Consultation Ahead of CBDC Trials in 2022
By Godfrey Benjamin
April 2nd, 2021
The Bank of Thailand has a harsh stance against the use of stablecoins in the country, and in March, the monetary authority issued a stern warning that it will begin penalizing the usage of any Thai Baht-backed stablecoins.
Major Chinese Banks Begin Processing Applications for Digital Yuan Wallets
By Godfrey Benjamin
March 26th, 2021
While a defined date of the digital yuan launch has not been revealed, the current stride of opening up the wallet application to the public is a step closer to achieving the country’s CBDC dreams.
Chinese Central Bank Proposes Global Rules for CBDCs
By Bhushan Akolkar
March 26th, 2021
China’s central bank is proposing global rules to synchronize the use of CBDCs worldwide and ensuring “a fair supply of digital currencies” for the greater financial stability of the international monetary system.
Coinbase Opens Arms for CBDCs and Declares Stands on Security Token
By John K. Kumi
March 24th, 2021
In a Reddit ask-me-anything session, Brian disclosed that any digital asset can find its way on their exchange as long as the listing standard is met.
Thailand’s Central Bank Issues Guidelines for Digital Baht and Illegal Use of Stablecoins
By Bhushan Akolkar
March 22nd, 2021
The Bank of Thailand will penalize users for illegal use of stablecoins backed by the Thai Baht without actually taking formal approval from the central bank.
Fed Chair Jerome Powell: CBDC Needs to Coexist with Cash and Other Types of Money
By Steve Muchoki
March 19th, 2021
According to Powell, the Covid-19 crisis has not only accelerated the digital payment adoption but also shifted focus to redefine the global cross-border payment system.
Ripple Pilots CBDCs Private Ledger
By Ibukun Ogundare
March 5th, 2021
Ripple mentions that the Private Ledger will ensure secured and fast transactions at low-costs.
Fed Chairman Jerome Powell Said They Would ‘Engage with Public’ on Digital Dollar
By Bhushan Akolkar
February 25th, 2021
The Federal Reserve chairman said that they would opt for a public-centric approach on cryptocurrencies, however, would proceed with the digital dollar developments only after weighing the risks it poses to the US financial system.
Federal Reserve Wire and ACH Systems Back Online after Outage Affecting Exchanges
By John Kiguru
February 25th, 2021
Some other services offered by the Fed were also disrupted some of which include, FedLine Advantage, FedLine Command, FedLine Direct, FedLine Web and FedMail.
Chengdu City Announces Digital Yuan Trials with Biggest Handout of $6M
By John Kiguru
February 24th, 2021
The Chengdu lottery will have around 200,000 participants who will receive from $27 to $37.
South Korea’s Bank Chief Expresses Skepticism about Crypto Industry
By Oluwapelumi Adejumo
February 23rd, 2021
The bank’s chief also mentioned that the apex bank was making considerable progress with its central bank digital currency (CBDC) project.
Tencent and Ant Group Join Digital Yuan Test as Central Bank Seeks to Expand Its Influence
By John Kiguru
February 22nd, 2021
Participation in the digital yuan test will provide MyBank and WeBank with new opportunities.
Mastercard Launches Prepaid Card Linked to Bahamas Sand Dollar CBDC
By Godfrey Benjamin
February 18th, 2021
Mastercard is a leading force in today’s digital payment ecosystem as the firm helps to drive the development of CBDCs beyond the issuance of prepaid cards.
China’s DCEP Project Must Outpace Payment Giants Before Aiming at US Dollar
By Godfrey Benjamin
February 17th, 2021
The intermediaries and wallets that will have direct involvement in issuing the digital yuan will be highly regulated, giving an extra level of confidence to users.