Understand the significance of central bank digital currencies (CBDCs) and their impact on the global financial system. Explore various national initiatives.
CBDC
Understand the significance of central bank digital currencies (CBDCs) and their impact on the global financial system. Explore various national initiatives.
Transactions using the digital yuan have amounted to $250 billion since the start of the CBDC’s pilot phase. China’s Central Bank Governor looked to the next step to increased adoption - cross-border payments
The Japanese central bank has established a working group of 60 companies to gain input into its decision on launching a CBDC from a business perspective.
The Japanese central bank has established a working group of 60 companies to gain input into its decision on launching a CBDC from a business perspective.
Transactions using the digital yuan have amounted to $250 billion since the start of the CBDC’s pilot phase. China’s Central Bank Governor looked to the next step to increased adoption - cross-border payments
This week the U.S. Federal Reserve finally launched its long-awaited instant payments solution. Meanwhile, the South Korean central bank published a report outlining an important upgrade to the country’s longstanding instant payments solution.
China is doubling down on its efforts to increase the use of the digital yuan. The
Bank of China has started testing offline no-battery mobile payments.
The Governor of the Bank of England told an audience that an inability to specify a precise detailed use case today was no reason to put off investigating the future potential of ‘enhanced digital money’.
The Bank for International Settlements’ Annual Economic Report 2023 dedicates a significant portion to a ‘Blueprint for the future monetary system’, covering tokenization, CBDCs, smart contracts, and a proposed unified ledger.
The recent fine-tuning amendments to Russia's digital ruble legislation indicate an ever-closer launch of the country's Central Bank Digital Currency (CBDC)
