A China-based think tank has discussed the idea of designing and developing an Asian CBDC, which could be used across the region. This idea was floated to help the continent reduce its dependence on t...
Tag: CBDC
China’s CBDC Transactions Reach $14B as Uptake Slows: Report
The 100 billion yuan figure is also dwarfed by the volumes recorded by the country’s top payment providers such as Tencent’s WeChat Pay and Ant Group’s Alipay. The latter, for exampl...
China is watching transactions as its CBDC roll-out gains traction
China’s CBDC, the e-CNY, is seeing massive success according to the country’s central bank, the People’s Bank of China. Launched in 2019 for testing, China’s CBDC roll-out culminated in the official r...
Zimbabwean university unveils its CBDC design 1
Zimbabwean tertiary institution, the Harare Institute of Technology, has announced that its Central Bank Digital Currency is currently in the works. The news was made available to the public today by ...
India’s Central Bank Releases Concept Note Ahead of CBDC Pilot – crypto.news
The Reserve Bank of India (RBI) has published a Concept Note for its digital rupee development project. The document details the objectives, choices, pros, and cons of launching a digital rupee. The a...
Republican Lawmakers Urge Justice Department To Publish CBDC Assessment
Republican members of the U.S. House Banking Committee, one of the most powerful committees in the nation, have called for the Justice Department’s assessment of whether the Federal Reserve has the re...
India Central Bank Hopes CBDC Can Combat Crypto Threat
India has outlined its key motivations behind planning a CBDC pilot It’s the first time the country’s central bank has conveyed its intentions since February In India, the central bank is pushing ahea...
India’s Central Bank RBI To Soon Launch CBDC Pilot
India’s Central Bank, the Reserve Bank of India, is soon to commence the launch of its CBDC, which is the Central Bank Digital Currency aimed at specific use cases. The Reserve Bank of India has state...
Reserve Bank of India outlines its plans for a CBDC
Join Our Telegram channel to stay up to date on breaking news coverage The reserve Bank of India (RBI) has announced its plans to launch a central bank digital currency (CBDC). In a 51-page note relea...
RBI Releases Publication of CBDC to be Issued in India
The FinTech department of the Reserved Bank of India (RBI) recently released concept notes on the issuance of its Central Bank Digital Currency (CBDC) in India. This was revealed in a tweet from the ...
India’s crypto firms oppose RBI’s CBDC concept note that aims to replace private digital assets
Days after the Reserve Bank of India (RBI) released its concept note on a central bank digital currency (CBDC), the institution has received backlash from crypto companies. In this line, executives o...
Reserve Bank of India (RBI) Ramps Up CBDC Drive with Digital Rupee Pilot Test – crypto.news
Amid the growing call for central bank digital currency, the Reserve Bank of India (RBI) announced on Friday that it would begin the pilot launch of the e-Rupee for retail transactions. India seeks to...
India on course with its CBDC project, releases first Digital Rupee concept note
The Reserve Bank of India (RBI) has stepped up its Central Bank Digital Currency (CBDC) project. The RBI has issued a 50-page concept note outlining their CBDC plans. Many countries around the world i...
India Releases 50-Page CBDC Report
The CBDC report published by India’s central bank may not be good news for the Indian cryptocurrency market. Crypto was such a hit in India in 2021 that it made the country the fastest growing market ...
India’s central bank to launch digital rupee pilot
The Reserve Bank of India (RBI) is stepping towards initiating a digital rupee pilot and indicating key features in the central bank digital currency (CBDC), according to a 50-page report released on ...
Reserve Bank of India (RBI) Reveals Upcoming CBDC Plans
2 hours ago | 2 mins read Altcoin News The paper provides a concise overview of the rationale for the launch of CBDC. Since its inception, the RBI has been wary of public blockchains and cryptocurrenc...
India’s central bank outlines digital rupee CBDC plans
India’s Reserve Bank outlined the pros and cons of a digital rupee as it looks to raise awareness around its CBDC project. The Reserve Bank of India (RBI) has outlined the proposed features and reason...
SWIFT explores the advantages of a global CBDC network
Join Our Telegram channel to stay up to date on breaking news coverage The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has conducted an 8-month trial on multiple technologies a...
New CBDC Report May Spell the End of Crypto In India
The Reserve Bank of India presents its concept of a digital rupee, considering its design, issuance, and effects on the current banking system. In a report released on Oct. 7, 2022, the RBI’s FinTech ...
India’s central bank shares concept note on CBDC; will begin pilot soon
India’s central bank, the Reserve Bank of India (RBI), has released a concept note on the country’s proposed central bank digital currency (CBDC). The concept note discussed key issues such as technol...
Reserve bank of India outlines CBDC blueprint
The Reserve Bank of India (RBI) is finalizing plans to kickstart the pilot phase leading to the issuance of its central bank digital currency-“digital rupee”. The RBI released a concept paper on Oct. ...
Canadian central bank identifies retail CBDC archetypes in theory-heavy analysis
An analyst at the Bank of Canada has written a paper that identifies recurring patterns in CBDC models and how those patterns impact a list of performance criteria. Five patterns that recur in retail ...
India’s Central Bank Crystalizes CBDC Vision in Concept Note
The RBI’s motivations in creating a CBDC range from reducing operational costs involved in physical cash management, fostering financial inclusion, bringing resilience, efficiency, and innovatio...
RBI’s Concept Note on CBDC to Begin the Pilot Launch of e-rupee
The Reserve Bank of India has issued a concept note on Central Bank Digital Currency (CBDC) with the instructions to launch its pilot project of the e-rupee. This is being done to generate a general p...
SWIFT Explores the Benefits of a Global CBDC Network
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) conducted an 8-month trial on different technologies and central bank digital currencies (CBDCs). It determined that such moneta...
House Republicans seek central bank digital currency opinion from Department of Justice
Republicans on the House Financial Services Committee requested the Department of Justice share its assessment of a potential central bank digital currency, the lawmakers announced on Wednesday. Senio...
US lawmakers request Justice Dept share CBDC assessment
The House members claimed the “appropriate place for the discussion” on legislation concerning a digital dollar would be in the U.S. legislative branch. Republican members of the U.S. House Financial ...
SWIFT says it has reached a ‘breakthrough’ in recent CBDC experiments
On Oct. 5, the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, announced that it had successfully moved central bank digital currencies and tokenized assets on existing financia...
SWIFT Releasea Blueprint for Global CBDC Operation
As the majority of the world’s Central Banks are now developing or researching the prospects of Central Bank Digital Currencies (CBDCs), the Society for Worldwide Interbank Financial Telecommunication...
SWIFT Says It Can Resolve a Major Obstacle to CBDC Adoption
SWIFT says it is ready to take on CBDC cross border payments The development is a sign that central banks are starting to seriously think about infrastructure related to the roll out of nation-backed ...
SWIFT Trial Demonstrates How Global CBDC Can Become Reality
Plans to create a global central bank digital currency (CBDC) network are on the horizon following eight months of testing by SWIFT. The Society for Worldwide Interbank Financial Telecommunication, be...
US Senator Introduces Bill That Prohibits Government From Eliminating Cash When CBDC Is Created
U.S. Senator James Lankford of Oklahoma has proposed new legislation to ensure Americans can continue using physical bills and coins even if the US adopts a digital dollar. In a statement, Lankford s...