Central Bank Digital Currency

January 30, 2024

UAE makes first digital dirham transfer via mBridge CBDC platform

The Central Bank of the United Arab Emirates (UAE) successfully executed its inaugural cross-border transaction using the digital dirham. This transfer, amounting to 50 million AED […]

Japan to resolve CBDC issuance legalities by Q2 2024

The Bank of Japan (BoJ) recently engaged in its inaugural official dialogue with the Japanese government regarding the development of a central bank digital currency (CBDC). […]
January 29, 2024

Robert F. Kennedy Jr pledges to end US efforts to move toward CBDC

Robert F. Kennedy Jr., a presidential candidate, has joined Donald Trump in opposing the development of a central bank digital currency (CBDC) in the United States. […]
January 23, 2024

BIS announces CBDC, tokenization projects for 2024

The Bank for International Settlements (BIS) Innovation Hub is set to embark on the next phase of its central bank digital currency (CBDC) privacy research and […]
December 04, 2023

UK House of Commons recommends further CBDC tests on viability, risks

The U.K. Parliamentary Committee fears that an official launch will demand a significant investment, adding that “It is not clear to us at this stage whether […]
October 26, 2023

Bank of Spain embraces ‘digital euro,’ explains its benefits

The digital euro will make electronic payments a vital piece of the financial system, the statement claims.   Spain’s central bank, Banco de España, has released […]
October 05, 2023

Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study says

The potential is there, but the difficulties in achieving financial inclusivity are often underestimated, a Bank of Canada study shows.   In the pursuit of establishing […]
July 10, 2023

There could be 24 CBDCs live by 2030: BIS survey

93% of central banks are already conducting research on central bank digital currencies.   A survey conducted by the Bank for International Settlements (BIS) reveals that […]

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