BoJ to launch CBDC pilot in April
The Bank of Japan (BoJ) is set to start its central bank digital currency (CBDC) pilot in April 2023. The trial intends to include commercial companies and explore a CBDC ecosystem model. The Bank of Japan (BoJ) made executive director Shinichi Uchida’s opening remarks at a CBDC committee meeting public on February 17. Uchida said […]
UAE central bank to launch CBDC for Transactions
As the first phase of its financial infrastructure transformation (FIT) program, the Central Bank of the United Arab Emirates (CBUAE) intends to introduce a central bank digital currency (CBDC) for both local and international usage. The CBUAE recently announced the FIT initiative and emphasized its goal of assisting the nation’s financial services industry. The scheme, […]
Reliance Retail chain rolls out support for CBDC payments in stores
Reliance Retail, one of the largest retail chains in India, has begun taking the nation’s CBDC digital rupee at a select number of its locations and intends to expand the rollout to all of its establishments. According to a Tech Crunch story, Reliance Retail’s gourmet shop bran d, Freshpik, has already pushed out support for […]
Saudi Arabia continues CBDC research with no deployment plans
The Saudi Central Bank (SAMA) continues to explore and research use cases of central bank digital currencies (CBDCs), however, there has been no plan for deployment yet. The bank said it was working on a phase of a project that “focuses on domestic wholesale CBDC use cases in conjunction with local banks and fintechs” in […]
Turkey completes first Central Bank Digital Currency (CBDC) test
The Central Bank of the Republic of Turkey (CBRT) has recently completed the first experiment of its central bank digital currency (CBDC), the Digital Turkish Lira, and intends to carry out more trials in 2023. In a statement issued on December 29, the CBRT claimed that it had successfully completed its “first payment transactions” utilizing […]