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
CBDC
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
Nitin6 days ago
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
Nitin3 weeks ago
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
Nitin2 months ago
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
Nitin2 months ago
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,
Nitin2 months ago
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
Nitin4 months ago
Former President Donald Trump reignited the debate surrounding Central Bank Digital Currencies (CBDCs) by taking a firm stance against the creation of a digital dollar in the United States. During
Nitin4 months ago
Bills opposing the use of central bank digital currency (CBDC) as money have been filed in Utah, South Carolina, South Dakota, and Tennessee. The bills would exclude a CBDC from
Nitin4 months ago