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.
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. Saudi Arabia continues...
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...
Chinaās CBDC wallet resorts to ages-old customs to boost adoption
Chinaās wallet app for its digital yuan central bank digital currency (CBDC) introduced a feature for users to send money. Chinaās CBDC wallet resorts to ages-old customs to boost adoption...
Nigeria bans ATM cash withdrawals over $225 (ā¦100,000) weekly
The Central Bank of Nigeria has limited the amount of cash that people and companies may withdraw in order to boost the usage of the eNaira, Nigeria's Central Bank Digital...
Pakistan signs new laws ahead of CBDC launch in 2025
In preparation for a Central Bank Digital Currency (CBDC) by the year 2025, the State Bank of Pakistan (SBP) has signed in new laws for Electronic Money Institutions, and non-bank...
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