The Bank of England (BoE) is set to embark on a series of experiments to explore the potential of wholesale central bank digital currency (wCBDC) and synchronization. This initiative aims
Pacific island nation Palau has partnered with Japanese financial software company Soramitsu to develop a blockchain-based platform for issuing and managing government bonds. This project marks another step in Palau's
Taiwan's central bank is pumping the brakes on launching its own digital currency, according to a recent statement. While acknowledging the potential of a central bank digital currency (CBDC), the
A pilot program in China is facing a hurdle: some workers paid in the country's Central Bank Digital Currency (CBDC) are converting it back to regular cash as soon as
The National Bank of Rwanda (BNR) is forging ahead with a groundbreaking project to launch a retail central bank digital currency (CBDC). This digital version of the Rwandan franc would
Yao Qian is reportedly under investigation by the government for suspected violations of the law. Yao, known as the "Crypto Dad" for his pioneering role in developing China's Central Bank
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has announced positive results from the second phase of testing for its central bank digital currency (CBDC) connector, a solution designed to
Israel's central bank, the Bank of Israel, announced plans to launch its own central bank digital currency (CBDC) – the digital shekel. This digital currency promises unique features, including the
The United Kingdom is poised to establish regulations that allow both stablecoins and central bank digital currencies (CBDCs) to flourish within the financial system. This news comes from Varun Paul,
The United Arab Emirates (UAE) has taken a monumental step toward the future of finance, successfully executing the first-ever cross-border transfer using it's Central Bank Digital Currency (CBDC), the digital