CBDC
What is a CBDC?
A central bank digital currency (CBDC) is a new digital form of sovereign money. CBDCs are issued by the government, where monetary policies are still formed by the central bank.
A central bank digital currency (CBDC) is a new digital form of sovereign money. CBDCs are issued by the government, where monetary policies are still formed by the central bank.
OKEx Allows Traders to Purchase Tether through Brazilian Reals via PIX
OKEx exchange officially announced establishing a strategic partnership with CuboPay, a local payment processor in Brazil. Exchange users are now allowed to use Brazilian real through PIX in exchange for Tether purchases.
Bank Indonesia Plans to Launch its Central Bank Digital Currency
Bank Indonesia is planning to launch its central state digital currency in response to the increasingly prosperous cryptocurrency market.
South Korea Seeks Tech Partner to Build the Pilot Program for CBDC
South Korea's central bank on Monday said it would choose a technology supplier to build a pilot platform for a digital currency, moving a step closer to creating a central bank-backed digital currency.
HSBC CEO: No Plans for Launching Crypto Trading
HSBC revealed that the bank has no plan to offer virtual currency as investments to their clients by starting cryptocurrency trading.
US Fed Aims To Publish Discussion Paper on CBDC This Summer
The US Federal Reserve will issue a discussion paper about CBDC this summer.
The Bank of Israel to Accelerate Its CBDC Research for a Digital Shekel
The Bank of Israel is accelerating its CBDC research.
Kazakhstan Launches Public Consultation for Its Proposed CBDC
Kazakhstan is advancing its digital tenge project with a use case design and stakeholder consultation.
National Bank of Georgia Considers Launching Its Own Central Bank Digital Currency
The National Bank of Georgia believes that the CBDCs have become essential for the financial ecosystem to improve financial inclusion and enhance domestic payment systems.
Bahamas Ranks First as The Country with Most Advanced Retail CBDC Development
The Bahamas narrowly beats Cambodia because its CBDC is available to all citizens.
UK Announces the Launch of its CBDC Task Force
The UK has launched a CBDC task force where the Bank of England and the HM Treasury will collaborate to study CBDC.