Riksbank Examines Offline CBDC Payment
The Central Bank of Sweden, the Riksbank, has published the concluding report regarding its CBDC, the digital Krona pilot program. The report focused on offline functionality and examined the end-user experience. On March 20, the Riksbank issued its final and fourth report regarding the e-krona. It investigated an offline retail transaction model distinct from the […]
Nigeria’s Apex Bank Taps Gluwa to Hasten e-Naira CBDC Adoption
The Central Bank of Nigeria and Gluwa, a blockchain infrastructure company, have teamed up to promote the e-Naira, the nation’s digital currency. Through blockchain technology, the partnership seeks to boost financial inclusion, improve e-Naira’s functioning, and spur financial innovation in Nigeria while encouraging the adoption of e-Naira. Additionally, the alliance will streamline the loan origination […]
Philippines to Launch Non-Blockchain CBDC in Two Years
According to Eli Remolona, the governor of Bangko Sentral ng Pilipinas (BSP), the Philippines is moving closer to introducing a non-blockchain central bank digital currency (CBDC) in the next two years. The proposal, revealed on February 12, is in line with worldwide trends in which regulators are investigating digital tokens as a stable value holder […]
US Senate Bills Reject CBDCs Use as Money
States of Tennessee, Utah, South Carolina, and South Dakota have all introduced bills to discourage using central bank digital currencies (CBDCs) interchangeably with physical currency. On January 12, Tennessee State Senator Frank Niceley introduced a bill to the Senate. Money is a recognized and permitted medium of commerce under the Tennessee Uniform Commercial Code (UCC). […]
HSBC to Advance Digital Currency, CBDC Pilots in Hong Kong
The multinational HSBC bank’s Hong Kong branch plans to keep collaborating with the government on projects, including using digital currencies for cross-border payments. HSBC Hong Kong is pushing forward with implementing digital currencies for cross-border payments in collaboration with local authorities. In an interview with the South China Morning Post, HSBC HK CEO Luanne Lim […]