CBDC News

Central bank digital currencies (CBDCs) are digital counterparts of traditional fiat currencies overseen by central banks. Unlike volatile cryptocurrencies, CBDCs have a stable value, mirroring their nation’s currency, backed by monetary policies and regulations.

For the latest in CBDC news, this section provides real-time updates. Here, uncover insights on CBDCs pilots across the world and their results. Delve into CBDC news today exploring debates on CBDCs as potential state control tools or monetary innovations. Stay ahead with CBDC’s latest news as nations like China expand digital yuan use, and the IMF seeks global CBDC unification. For comprehensive news CBDC coverage, this is your hub.

Latest CBDC News

Stablecoin USDT more popular than Bitcoin in Latin America, Kaiko says

Over 40% of all crypto trades in Latin America involve the USDT stablecoin, signaling a waning interest in Bitcoin, which is even trailing XRP in the region’s top trading pairs. Stablecoins are more popular in Latin America (LATAM) than Bitcoin…

3 days ago

Swiss central bank extends CBDC pilot until 2026

The Swiss National Bank moves forward with its digital franc pilot, extending it by at least two more years. The Swiss National Bank (SNB) has decided to extend its pilot program for issuing a wholesale central bank digital currency (CBDC)…

4 days ago

Iran to start public pilot for digital currency on Kish Island

Iran’s central bank is set to launch a pilot for its digital rial enabling cashless transactions for banking customers. The Central Bank of Iran (CBI), also known as Bank Markazi, has announced the operational phase of its digital currency known…

6 days ago

Central banks less likely to issue retail CBDCs in mid-term, BIS says

According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)…

1 week ago

Ripple seeks new economy digitization venues with Georgia

Ripple executives met Georgia’s National Bank Governor Natia Turnava to discuss digitalizing the economy with blockchain. Ripple appears to be exploring new avenues for collaboration in the digitalization of Georgia‘s economy following a recent meeting between its top executives and…

2 weeks ago

Money20/20: Digital euro is highly likely, says ECB’s Evelien Witlox

In her presentation at Money20/20, Evelien Witlox, Digital Euro Director at the European Central Bank, delved into the potential implications of a digital euro and how its inception would impact the Euro payment landscape Noting a decrease in cash usage…

June 5, 2024 at 3:19 pm

Money20/20: The race between stablecoins and CBDCs

Alisa DiCaprio from R3, Siân Jones from XReg Consulting, and Ran Goldi from Fireblocks all shared their perspectives on the current state and future of CBDCs compared to privately issued stablecoins. At a panel discussion at Money20/20, the three professionals…

June 4, 2024 at 6:56 pm

Money20/20: Global adoption of CBDCs is growing, but interoperability presents challenges

Pallavi Thakur, Director of Strategy and Innovation at Swift, and Ryan Rugg from Citi shared insights at Money20/20 from their recent collaborative CBDC experiment. Both Thakur and Rugg cited the rapid progress of the global adoption of central bank digital…

June 4, 2024 at 2:48 pm

German public believes digital euro could be used for surveillance

Germany’s Deutsche Bundesbank has revealed the results of its survey, showing that around 50% of the respondents could “generally imagine” using a digital euro. Many people in Germany are “open to the idea of the digital euro,” according to the…

June 4, 2024 at 10:09 am

Crypto and the Kafkaesque | Opinion

In this week’s #hearsay column, Dorian Batycka marks the 100-year anniversary of the Bohemian writer Franz Kafka’s death on June 3, 1924, taking you on a literary journey through the most “Kafkaesque” moments in all of crypto.

June 4, 2024 at 4:23 am

Israel starts digital shekel pilot

The Bank of Israel is launching the so-called Digital Shekel Challenge, inviting diverse sectors to develop applications for a potential central bank digital currency. The Bank of Israel is moving forward with its digital currency also known as the digital…

May 29, 2024 at 6:45 am

Cambodia’s central bank chief says digital currency will bolster local fiat

Cross-border QR code payments via Cambodia’s digital currency are poised to boost the use of the riel, according to central bank governor Chea Serey. The National Bank of Cambodia‘s new digital currency, Bakong, is poised to significantly boost the use…

May 28, 2024 at 9:49 am

Future of crypto in the next 5 years: what comes next?

The future of crypto looks bright, but not without problems. Do you know what the future of crypto in 5 years looks like?

May 24, 2024 at 3:40 pm

U.S. House approves CBDC anti-surveillance bill

The House of Representatives voted to maintain Congressional power over any present or future CBDC issuance.

May 23, 2024 at 6:20 pm

Hong Kong debuts China’s digital yuan pilot, prohibits peer-to-peer transfers

China’s central bank digital currency is now available in Hong Kong, as Beijing is pushing hard to digitize its economy. China has started its first pilot outside the mainland, with digital yuan now available in Hong Kong‘s local shops, according…

May 17, 2024 at 11:26 am

Are CBDCs the ultimate weapon against money laundering?

Could CBDCs’ transparency effectively track and curb the $3 trillion illicit financial flows? Let’s find out. The world faces a staggering challenge: illicit funds and money laundering. In 2023, over $3 trillion illicitly flowed through the global financial system, according…

May 16, 2024 at 10:46 am