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GeneralBeginnerSouth Korea’s 7-Eleven stores will accept payments in the country’s central bank digital currency (CBDC) until June as part of the retailer’s participation in the CBDC test phase. During this trial period, 7-Eleven will offer a 10% discount on all products purchased using CBDC. Moon Dae-woo, head…
#cbdc#crypto#south-korea
GeneralBeginnerThe European Central Bank (ECB) is accelerating its efforts in developing a wholesale central bank digital currency (CBDC) platform. This move signals a significant step towards potentially introducing a digital euro for financial institutions, distinct from a retail CBDC that would be used by the…
#cbdc#central-bank#european
GeneralBeginnerIndia is actively preparing for a future where the Central Bank Digital Currency (CBDC) plays a pivotal role in the country’s economy. This sentiment was expressed by the Reserve Bank of India (RBI) Governor, who highlighted the potential benefits of a CBDC in enhancing financial inclusion,…
#asia#cbdc#central-bank
GeneralBeginnerThe 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 to assess the capabilities and interoperability of these systems within the context of the central bank’s…
#cbdc
GeneralBeginnerPacific 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 embrace of blockchain technology and could pave the way for more efficient and…
#cbdc
BitcoinBeginnerTaiwan’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 bank emphasizes a cautious approach, prioritizing a thorough understanding of its implications before…
#cbdc#central-bank#crypto
GeneralBeginnerA 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 they receive it. This news comes from a South China Morning Post report on May 13, 2024. China is currently testing its digital…
#cbdc#china#crypto
GeneralBeginnerThe 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 be accessible to the general public for everyday transactions, making Rwanda one of the first African nations to…
#cbdc#tokens
GeneralBeginnerYao 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 Digital Currency (CBDC), finds himself in the crosshairs of authorities just as the country’s stance on…
#cbdc#china#government
GeneralBeginnerThe 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 link different CBDC initiatives. This sandbox testing went beyond just CBDCs. While…
#cbdc
GeneralBeginnerIsrael’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 potential to earn interest, unlike traditional cash. The digital shekel will operate on a two-tier…
#cbdc
