CBDC Archives - Page 3 of 6

Reserve Bank Of Australia Forms Collaborations To Research CBDC

November 2, 2020

Reserve Bank of Australia forms collaborations to research CBDC. The financial institution will collaborate with the Commonwealth Bank, National Australia Bank, the financial services firm Perpetual, and the ...

Australian Central Bank Sets Out to Explore Central Bank Digital Currency

November 2, 2020

The Reserve Bank of Australia (RBA) has announced that it will be with several other banks as well as software companies to explore the development and use of a central bank digital currency (CBDC). RBA’s par...

ECB President Says Bank Is Looking At Possibility Of Launching Digital Euro

November 1, 2020

ECB President says bank is looking at possibility of launching digital Euro. Christine Lagarde, President of the European Central Bank took to Twitter to announce that the ECB is looking at the possibilities ...

China’s Central Bank Drafts Law On CBDC Legitamacy

October 25, 2020

China's central bank drafts law on CBDC legitimacy. A proposed law was released on Friday by China's central bank, the People's Bank of China (PBOC), which aims to provide a regulatory structure and legitimac...

Digital Ruble ‘Promising,’ Pilot Likely In 2021, Says Bank Of Russia Chief

October 23, 2020

Russia’s central bank might pilot its own central bank digital currency (CBDC) at the end of 2021, said the Bank of Russia’s head, Elvira Nabiullina, during an online press conference on Friday. “We view thi...

Bahamas Introduces World’s First CBDC ‘Sand Dollar’

October 21, 2020

Bahamas introduces world's first CBDC 'Sand Dollar'. The Central Bank of the Bahamas has announced that the country’s digital currency called the “Sand Dollar” is now available nationwide. The central bank d...

Hong Kong Central Bank Willing to Test Digital Yuan

October 21, 2020

The Hong Kong Monetary Authority (HKMA) has confirmed that it is willing to collaborate with the People’s Bank of China (PBoC) for the trials of digital yuan in the special-administrative region. Answering a...

Japanese Giant Line Developing CBDC Platform

October 20, 2020

Japanese giant Line developing CBDC platform. On October 19th, South Korean news agency, Chosun Ilbo reported that the subsidiary of South Korean internet search engine company Naver, is building a platform t...

Canada’s Central Bank Moves Toward CBDC

October 19, 2020

Canada's central bank moves toward CBDC. The Bank of Canada is looking to recruit an economist who has in depth knowledge of financial technology and digital currencies. This could potential suggest the lates...

South Korea’s CBDC Will Begin Distribution Phase Next Year

October 7, 2020

South Korea's CBDC will begin distribution phase next year. The South Korean central bank announced today that it will start the distribution phase of its central bank digital currency, or CBDC, pilot scheme ...