Taiwan to Pilot Crypto Custody Services Through Local Banks in 2025
Taiwan seeks to promote institutional cryptocurrency adoption as regulators endeavor to pilot crypto custody services through local institutions in the first quarter of 2025. Central News Agency, a local media outlet, reported on October 8 that Taiwan’s Financial Supervisory Commission (FSC) is preparing to initiate an institutional trial of crypto custody services. Three private banks […]
India to Expand CBDC Pilot to More Locations
The Reserve Bank of India (RBI) stated that it is expanding its ongoing pilot of the Central Bank Digital Currency (CBDC) to more locations and financial institutions so as o add more use cases and features to the digital currency. RBI stated in its annual report that the CBDC was introduced in phases throughout the […]
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 […]
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 […]
Israel launches pilot trial of its digital bonds trading
Israel’s Ministry of Finance and the Tel Aviv Stock Exchange will begin the pilot trial of a blockchain-backed platform for digital bonds trading with the trial expected to finish by Q1 2023. A blockchain-based platform for digital bonds trading will be tested by the Israeli Ministry of Finance in collaboration with the Tel Aviv Stock […]