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.
On January 05, 2023, the Central Bank of Mexico (Banxico) stated that the announced launch of the Central Bank’s (CBDC) digital currency was going to be delayed. According to the original plan, Digital Peso was to be released in 2024.
The Central Bank of Nigeria has slightly eased the cash withdrawal limits policy announced earlier. Nigeria is still on route to a full non-cash economy
Payment Systems Department, Bank of the Lao PDR and Soramitsu signed a Memorandum of Understanding (MOU) to launch CBDC Proof of Concept on February 6, 2023
Payment Systems Department, Bank of the Lao PDR and Soramitsu signed a Memorandum of Understanding (MOU) to launch CBDC Proof of Concept on February 6, 2023
On January 05, 2023, the Central Bank of Mexico (Banxico) stated that the announced launch of the Central Bank’s (CBDC) digital currency was going to be delayed. According to the original plan, Digital Peso was to be released in 2024.
The Central Bank of Nigeria has slightly eased the cash withdrawal limits policy announced earlier. Nigeria is still on route to a full non-cash economy
On November 30, right after G20 Summit in Indonesia, the Central Bank of the country presented the "Garuda Project" - a road map for the development and implementation of CBDC in the national economy.
The call for participants in Australian CBDC project pilot has received significant interest. At almost the same time, Australian Securities Exchange (ASX) cancelled its plans for its settlement system upgrade that utilized blockchain technology.
The New York Innovation Center (NYIC), a joint project of US Fed and BIS, is launching a proof-of-concept project to explore the feasibility of an interoperable network of digital central bank liabilities and commercial bank digital money using distributed ledger technology.
China expands the e-CNY trials across four more provinces: Sichuan, Guangdong, Jiangsu, and Hebei. One of the first CBDCs in the world, China’s e-CNY is also showing great adoption rates.
