Category: CBDC

Central bank digital currencies(CBDC) are digital tokens, similar to cryptocurrency, issued by a central bank. They are pegged to the value of that country’s fiat currency. As cryptocurrencies and stablecoins become popular, central banks provide alternatives. Get the latest news on Central Bank Digital Currencies (CBDC) around the globe with Announcements, status reports of digital money projects, analytics, Central Banks Policy, Regulation, Markets & Institutions.

Treasury Official Suggests CBDCs Should Have Privacy, Anonymity

Anti-CBDC Bill Passes House Financial Services Committee

US Treasury official Graham Steele at a Texas payments conference, stated that the design of a digital dollar and central bank digital currencies (CBDCs) should take privacy and the ability to conduct transactions anonymously into account. Graham Steele, assistant secretary for financial institutions at the Treasury Department, spoke at a payments-focused conference in Texas on […]

Host of Companies Set to Partake in Brazil’s CBDC Pilot

Senate approves 'Bitcoin law' in Brazil

National and international companies, including Visa, Microsoft, and Santander, will participate in the Brazilian central bank’s upcoming digital currency pilot project (CBDC). The central bank released the final list of CBDC pilot participants on May 24. Participants were selected from 36 bids submitted by single corporations and consortia, “totalling more than 100 institutions.” The total […]

Samsung and BOK team up for offline CBDC tech

Samsung and BOK team up for offline CBDC tech

Samsung and the Bank of Korea are working together to develop offline CBDC technology that can enable secure and reliable transactions using digital currency on Samsung devices with NFC. In a strategic pivot toward the future of finance, South Korean technology giant Samsung has partnered with the Bank of Korea (BOK) to enter the field […]

Florida Becomes First US state to Outlaw CBDCs

Florida Becomes First US state to Outlaw CBDCs

Governor Ron DeSantis of Florida outlawed the usage of Central Bank Digital Currencies (CBDCs) in his jurisdiction on Friday. Florida Governor, Ron DeSantis , has outlawed the issue and usage of Central Bank Digital Currencies (CBDCs) in the state, which surprises the US government. The new law would also safeguard Floridians against the introduction of […]

China Expands Digital Yuan Usage for Cross-border Trade

China Expands Digital Yuan Usage for Cross-border Trade

China is increasing the use cases for its CBDC, known as digital yuan or e-CNY for its Belt and Road program and cross-border trading. One of the initial CBDCs that was created and extensively tested was the digital yuan, often known as the digital RMB. Despite the lack of a formal launch, the government has […]