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4 mins read
CBDC trial a landmark moment in the history of money: Shaktikanta Das
Reserve Bank of India governor Shaktikanta Das today announced that retail central bank digital cur…
2 mins read
Australia, Malaysia, Singapore and South Africa will trial cross-border central bank digital payments
Australia, Malaysia, Singapore and South Africa have decided to jointly test multiple CBDC's that f…
Camomile Shumba
8 mins read
CBDCs — The fight for fiat currencies to remain relevant in the age of digital cryptocurrencies
Many countries are looking at launching a central bank digital currency (CBDC) to take advantage of…
3 mins read
Bitcoin could form the backbone for CBDCs, according to a new report
Environmental concerns around Bitcoin have been well documented, but it is still the most valuable …
3 mins read
More than $300,000 of China’s new CBDC is being spent at the Olympics every day
Head of China’s central bank claims that over $300,000 of China’s new digital yuan is being spent a…
1 min read
E-commerce giant JD.com accepts China's digital currency for world's biggest shopping event
According to JD, over 100,000 customers have paid using China's digital currency on the JD shopping…
Phil Rosen
2 mins read
'Britcoin' moves closer to becoming reality after the Bank of England says it will launch a consultation on the digital pound in 2022
The UK central bank is asking for views on the merits of it issuing its own digital currency, which…
Camomile Shumba
2 mins read
China's digital currency sees soaring growth in users as transactions near $10 billion
As of the end of October, more than 140 million people have opened wallets for the digital yuan, ac…
Phil Rosen
2 mins read
China is pressing US companies like McDonalds and Visa to accept its e-yuan at the Winter Olympics: report
China is pressuring US companies to accept payments in digital yuan at the Winter Olympics, accordi…
Camomile Shumba
2 mins read
Central banks must 'roll up their sleeves' and urgently speed up their work on their own digital currencies before crypto upends the current financial system, the BIS says
The Bank for International Settlements is urging central banks to crank up their efforts in develop…
Camomile Shumba
1 min read
Chinese state-run banks reportedly are looking to expand digital yuan usage to sales of investment funds and insurance
China Construction Bank has opened 7.23 million digital wallets for individual users, the South Chi…
Carla Mozée
2 mins read
China is years ahead of other major countries in the development of its digital yuan, giving Beijing the chance to expand its influence: Chainalysis
China is several years ahead of other major economies in its efforts to develop a central bank digi…
Camomile Shumba
3 mins read
'Britcoin' may soon be a reality after the Bank of England says it is looking more deeply into a digital pound
There's no decision yet, but the Bank of England's modellers assume one-fifth of all UK retail bank…
Amanda Cooper
2 mins read
China is giving away digital yuan worth $6.2 million in a Beijing lottery as it tests out its CBDC, reports say
Beijing residents can win "red packets" worth 200 yuan each in a lottery held by China's central ba…
Sophie Kiderlin
2 mins read
Central bank digital currencies could use networks like ethereum, China's former digital yuan chief says
The former head of China's digital yuan project said central bank digital currencies could use smar…
Sophie Kiderlin
5 mins read
Central banks aren't running scared of bitcoin but they want to keep control, says former Bank of England digital guru
Huw van Steenis, senior advisor to the chief executive of UBS, punctures some central bank digital …
Harry Robertson
2 mins read
Cryptocurrencies will survive the rise of central bank-backed digital coins, but their use will likely decline, Deutsche Bank says
Cryptocurrencies will survive the rollout of central bank digital currencies and grow stronger, but…
Sophie Kiderlin
2 mins read
China's digital yuan could be used by international visitors at the 2022 Beijing Winter Olympics
The Beijing Olympics would be the first time international visitors could use the digital currency,…
Sophie Kiderlin
3 mins read
A group of emerging nations could soon start knocking down one key pillar of dollar dominance
Central-bank-issued digital currencies could chip away at the US dollar's share in international pa…
Huileng Tan
2 mins read
Rupee has behaved in an orderly manner, says RBI Governor
With the rupee witnessing a downward spiral for the past several weeks, even crossing the 83 mark a…