Digital Currency

February 27, 2024

Chinese ministry posts warning about fake digital yuan app

An allegedly fake digital yuan app has been uncovered, as reported in a post on WeChat attributed to the Chinese Ministry of Industry and Information Technology. […]
February 17, 2024

Digital euro will have better privacy than private systems, ECB exec says

European Central Bank (ECB) executive board member Piero Cipollone addressed the European Parliament Committee on Economic and Monetary Affairs regarding the ECB’s preparations for the issuance […]
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). […]
November 30, 2023

Digital Canadian dollar fails to impress despite high awareness

People who were aware of CBDCs were more reluctant to adopt the technology when compared with those who didn’t know about it.   The Bank of […]
October 13, 2023

China opens industrial park for digital yuan CBDC development in Shenzhen

The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan.   On October 11, China […]
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 […]
September 26, 2023

mBridge CBDC project preparing for new members, launch of minimum viable product

The project now includes central and commercial banks from China, Hong Kong, Thailand and the UAE. Future new members were not identified.   Project mBridge, an […]
September 18, 2023

US lawmakers advance legislation blocking the digital dollar

On Sept. 20, the House Financial Services Committee will mark up two bills blocking a potential digital dollar in the United States.   The U.S. House […]

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