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CBDC News
CBDC News
Russia Moves Closer to Launching Digital Ruble as Parliament Passes Bill
Russia is moving closer to its plan of issuing a central bank digital currency (CBDC). On July 11th, the State…
Federal Reserve Bank of New York’s Innovation Center Reveals Groundbreaking Results of CBDC Proof of Concept
The New York Innovation Center (NYIC) of the Federal Reserve Bank of New York has released the results of a…
Chinese City of Jinan Introduces Digital Yuan (E-CNY) Payment on Bus Routes as Pilot Phase
In a move aimed at promoting the adoption of the central bank digital currency (CBDC), the Chinese city of Jinan…
The Bank of Italy Launches ‘Project Leonidas’ CBDC Pilot
In a significant move towards modernizing its financial system, the Italian central bank has embarked on a…
IMF Paper Advises Against Crypto Asset Bans, Emphasizes Addressing Demand Drivers and Transparency
A recent paper published by the International Monetary Fund (IMF) has highlighted the diverse approaches to crypto…
IMF Unveils Revolutionary Cross-Border Payment System for CBDC
The International Monetary Fund (IMF) has unveiled the outlines of a revolutionary "new class" of cross-border…
Colombia’s Central Bank to Explore Blockchain Use Cases with Ripple’s CBDC Platform
Ripple has officially announced its partnership with Banco de la República, the Central Bank of Colombia. The…
Central Bank of Kenya Takes Cautious Stance on Central Bank Digital Currencies (CBDC)
In a recent announcement, the Central Bank of Kenya (CBK) has indicated that the allure of central bank digital…
Bank of Japan Releases Report on Central Bank Digital Currency (CBDC) Experiment
The Bank of Japan recently published its report on the outcomes of the "Proof of Concept Phase 2" for its…
Hong Kong Launches e-HKD Pilot Programme to Explore CBDC
The Hong Kong Monetary Authority (HKMA) has announced the initiation of the e-HKD Pilot Programme, a significant…