February 13th, 2026
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.
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.
With PayPal being a CBDC distributor, more customers would be interested in its products, especially those related to crypto.
According to Chinese media calculations, the digital yuan trials now total about 110 million yuan.
The Indian government is reportedly considering a law to ban the use of private cryptocurrencies like Bitcoin. However, the government still seems keen on the use of crypto technology.
Many of the banks looking to implement CBDC projects are doing so with the hope that a digital asset will complement their physical fiat currency.
Shanghai Mayor Gong Zheng also declared the city’s support for the development of the digital yuan.
The CBDC settlement project aims to develop a number of solutions bordering on the workability of CBDCs under cross-border scenarios.
The French central bank leveraged the private blockchain platform developed by UK blockchain startup SETL. It also used smart contracts for the issuance and circulation of the CBDC tokens.
Ukraine is one of the countries that are now progressing in exploring the possibility of virtual assets and Central Bank digital currency.
The Chinese digital yuan is expected to be the first among other global central bank currencies to enter the public space.
A report by the Bank of Japan indicates that to be prepared in case of the great need for a CBDC, the bank will launch a feasibility study.
Months ago, the ABI announced that Italian financial institutions are ready to commit to the CBDC project.
The EMTECH Modern Central Bank Sandbox™ will provide its innovative solutions with backing from the cloud services giant Microsoft Corporation in its attempt to deploy the pilots in the coming months.
The decision to conduct the trial this weekend is strategic as it coincides with Double 12 (December 12th), a day when retailers offer steep discounts.