Zambia’s Central Bank To explore CBDCs
According to a Bloomberg Wednesday report, Zambia, like other surrounding nations, is researching a possible CBDC. Bank of Zambia on CBDCs According to Bloomberg, the Bank of Zambia wants to reduce transaction costs and enhance people engagement in the formal financial system. According to Bloomberg, the announcement comes after the central bank issued a warning […]
Central Bank of Jordan plans to launch a CBDC
Central Bank of Jordan (CBJ) has stated that it is considering launching a digital currency that would be legal tender and linked to the Jordanian dinar. CBJ Governor Adel Al Sharkas has reportedly claimed that his institution is looking into the possibility of launching a legitimate digital currency . He also anticipated that if the […]
Korean central bank completes its CBDC pilot’s first phase
The first phase of the Bank of Korea’s central bank digital currency (CBDC) testing, which began in August 2021, has been completed successfully. The second phase of the testing is expected to be completed by June this year. The first round of the South Korean central bank’s CBDC simulated testing was finished in December, and […]
Malaysia’s Central Bank is actively considering CBDC options
In 2021, Malaysia collaborated with South Africa, Australia, and Southeast Asian neighbor Singapore to develop a proof-of-concept CBDC pilot. Malaysia has joined a growing list of countries looking at the benefits of researching and implementing a central bank digital currency (CBDC). While a decision on how to proceed with a CBDC has yet to be […]
Swiss central bank tests wholesale CBDC with commercial lenders and BIS
The Swiss National Bank (SNB) has completed a successful test of a wholesale central bank digital currency (CBDC) settlement system with commercial banks. SNB joins the list of countries piloting CBDCs The successful trial was a crucial component of the second phase of Project Helvetia, which aims to integrate tokenized financial assets with mainstream markets, […]