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#central bank digital currency News
Norway: No Urgent Need to Create a CBDC Despite Current Global Hype
November 9, 2020 by
Anthonia Isichei
at
Regulation
A top official of Norway’s central bank stated that while the country is investigating a possible central bank digital currency (CBDC), there was no “acute need” for a digital krone. Cash Usage Decline Prompts CBDC research Speaking at Norway’s Payment Conference, Ida Wolden Bache, the deputy governor of the Norges...
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Japan: Central Bank Says CBDC Trials will Commence in Q2 2021
October 13, 2020 by
Anthonia Isichei
at
Regulation
The Governor of the Bank of Japan (BOJ) revealed plans by the central bank to begin testing its proposed central bank digital currency (CBDC) in the Spring of 2021. Japan Eyes CBDC Tests in 2021 According to a Reuters report on Monday (October 12, 2020), the BOJ Chief Haruhiko Kuroda...
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South Korea Nears Final Stage of CBDC Pilot Test Program
October 8, 2020 by
Anthonia Isichei
at
News
South Korea’s central bank is preparing to enter the final phase of its central bank digital currency (CBDC) pilot program, as it hopes to start the distribution and testing of the digital won in 2021. South Korea to Begin CBDC Trial in 2021 According to the Korea Times on Wednesday...
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Hong Kong Financial Authority Taps ConsenSys for Cross-border CBDC Pilot Study
September 26, 2020 by
Anthonia Isichei
at
Regulation
ConsenSys will be collaborating with the Hong Kong Monetary Authority (HKMA) to a cross-border payment network for HKMA’s central bank digital currency (CBDC) project Ethereum Developer ConsenSys Joins the Hong Kong and Singapore CBDC Pilot The U.S. Ethereum blockchain development company announced the news via a press release on Friday...
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China: CBDC Trial Focused on Retail Transactions
August 24, 2020 by
Anthonia Isichei
at
Regulation
China’s central bank has stated that the trial of its developing central bank digital currency (CBDC) is currently limited to retail transactions, as against claims stating that the digital yuan was used for large transactions. Digital Yuan Test for Small Transactions In a report by Global Times on Monday (August...
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China: State Commercial Banks Trial Digital Wallet for CBDC
August 6, 2020 by
Anthonia Isichei
at
Regulation
China’s central bank digital currency could be inching closer to its official launch, as some top state-run commercial banks in the country are reportedly trialing a digital wallet for the national digital currency. Digital Wallet App Used for Payments and Transfer According to Reuters on Thursday (August 6, 2020), the...
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China’s CBDC to Target Private Sector Dominance
August 4, 2020 by
Anthonia Isichei
at
Regulation
With China’s central bank digital currency (CBDC) project still in progress, there are speculations that the digital yuan could be used to water down the dominance enjoyed by major players like Alibaba and Tencent. China’s CBDC Looking to Even Out Competition According to a report by the Financial Times, some...
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Thailand: Central Bank Deploys CBDC to Large Corporations
July 16, 2020 by
Anthonia Isichei
at
Regulation
Thailand’s central bank is continuing developments on the central bank digital currency (CBDC) project as the apex bank will test its CBDC for transactions among large businesses. Thailand’s CBDC Reaches Third-Stage Development According to a report by the Nation Thailand on Thursday (July 16, 2020), the Bank of Thailand (BOT)...
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Bank of England Deliberating Digital Currency Issuance, Governor Says
July 14, 2020 by
Aisshwarya Tiwari
at
Regulation
The U.K.’s central bank, the Bank of England (BOE), is assessing whether it should launch a central bank digital currency (CBDC), Bloomberg reports, July 13, 2020. Bank of England Evaluating the Necessity for CBDC In a webinar event with students on Monday, Bailey touched on the possibility of a U.K....
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Chinese Transportation Giant Didi Chuxing to Trial DCEP
July 8, 2020 by
Ogwu Osaemezu Emmanuel
at
Regulation
Didi Chuxing Technology Co., China’s leading mobile transportation firm founded by Cheng Wei in June 2012, has announced that it has joined forces with the Digital Currency Research Institute of the People’s Bank of China (PBoC). The alliance will enable Didi Chuxing to trial and explore the nation’s central bank...
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