CBDC
A central bank digital currency (CBDC) is a new digital form of sovereign money. CBDCs are issued by the government, where monetary policies are still formed by the central bank.
The RBI will pilot retail CBDC in December
The RBI is planning to test the "digital rupee" in retail. Within a month, the pilot will debut. Digital rupees will augment the present payment system, not replace it. Each bank testing CBDC will utilize 10,000 to 50,000 people.
New York Federal Reserve Partners With MAS to Research on wCBDCs
The New York Fed and Singapore's MAS are collaborating on CBDC development
Mastercard CEO Says Crypto Has a Long Way to go Before Going Mainstream
Mastercard CEO Michael Miebach says crypto has some hurdles to cross before going mainstream
Bank of Korea Completes 2nd Phase of CBDC Simulation Test
The Bank of Korea said that it has completed a 10-month CBDC simulation experiment research work on the 10-month central bank digital currency.
The Launch of CBDC May Destroy Bitcoin - Arthur Hayes
BitMEX co-founder Arthur Hayes believes the advent of CBDCs may not be a good tale for Bitcoin
Canada's Federal Government Begins Consultations on Digital Currency
The federal government of Canada announced in a budget address that it has started discussions on cryptocurrencies, stablecoins and central bank digital currencies.
BIS to Adopt DeFi Implementation in Forex CBDC Markets
The Bank for International Settlements (BIS), along with the “Eurosystem” – central banks of France, Singapore, and Switzerland will be launching a new project called “Project Mariana.”
PBOC Governor Says Digital Yuan Will Prioritize Privacy Protection
China's PBoC Governor Yi Gang has reassured that the country's Digital Yuan will prioritize privacy protection
India to Test Viability of Digital Rupee to Cut Fees When Trading Securities
The Reserve Bank of India is starting a whole pilot for its Digital Rupee project
Kazakhstan to Integrate its Digital Tenge into the BNB Chain
Binance CEO has confirmed the National Bank of Kazakhstan will integrate its Digital Tenge into the BNB Chain ecosystem
Australia to Continue Treating Cryptos as Assets
According to the Australian government's budget announcement on Tuesday, legislation will be put upon treating digital currencies such as bitcoin as an asset.
The Central Bank of the Republic of Turkey Plans to Launch CBDC in 2023
The Turkish government has submitted the President’s annual plan, which included discussions on the launch of CBDC. The administration plans to launch its country’s CBDC by next year.
Hong Kong to Propose Statutory Licensing Regime for VASPs: CE John Lee
Hong Kong leader John Lee delivered his first policy address Wednesday, indicating that the administration has introduced a bill to propose establishing a statutory licensing regime for virtual asset service providers.
Bank of Jamaica Collaborates with Local Government to Expand CBDC Adoption
In a recent update, it was reported that the Bank of Jamaica is set to partner with the Government to boost the adoption of its central bank digital currency, JamDex, as a payment method.