Hong Kong Monetary Authority Completes First CBDC Trial
Hong Kong’s Central Bank digital currency (CBDC) pilot program has finished its first phase, demonstrating possible developments in digital finance. Hong Kong has completed the first phase of its CBDC study. It’s still unclear if they’ll release the e-HKD retail version in its entirety. Tokenization, programmability, and atomic settlement are a few of the potential […]
Central Bank of Spain Adopts Digital Euro CBDC
The Central Bank of Spain joins other European banking institutions in preparing their clients for the advantages of the “digital euro,” saying the CBDC will make electronic payments a vital piece of the financial system. The Bank of Spain published a brief text explaining the nature and applications of the potential central bank digital currency […]
Chinese Digital Yuan Debut Usage in Cross-border Oil Deal
Chinese digital yuan CBDC has been used to trade in an oil transaction for the first time as PetroChina International purchased one million barrels of petroleum using it, as reported by the Shanghai Petroleum and Natural Gas Exchange (SHPGX). According to the exchange, the transaction was a response to a request by the Shanghai Municipal […]
Central Bank of Argentina Says Digital Peso Bill Is in Works
The Central Bank of Argentina announced that it has accelerated its work on the legislation necessary to implement its central bank digital currency (CBDC) ‘digital peso’ workflow in the country. During a public discussion on the Filo News channel on October 18, Argentina Central Bank director Juan Agustin D’Attellis Noguera disclosed that the BCRA is […]
EU Data Protectors Recommend Regulations for Digital Euro
The European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) issued a joint opinion statement on the regulation of the “digital euro,” which was proposed by the European Commission in July 2023. The regulators made several recommendations to enhance the personal data protection standards for the European Central Bank’s digital currency (CBDC). […]