Tag: CBDC
PBOC Revamps Digital Yuan to Function as Interest-Bearing Deposits
Reading time: < 1 minuteChina’s central bank announced that its digital yuan will soon function as an interest-bearing deposit.
Central Bank of Norway Steps Back from Digital Currency Issuance
Reading time: < 1 minuteThe announcement reflects a deliberate pause in Norway’s approach to state-backed digital money.
Australia Proceeds with CBDC, Stablecoin Pilots—But Full Rollout Remains Distant
Reading time: < 1 minuteAustralia’s central bank is cautiously advancing its digital currency experiments, entering a new phase of testing for wholesale CBDCs and stablecoins.
South Korea Suspends CBDC Trials as Stablecoins Take Priority
Reading time: < 1 minuteSouth Korea’s central bank has paused its digital currency tests amid government efforts to regulate stablecoins.
China to Expand Digital Yuan Worldwide
Reading time: < 1 minuteChina is ramping up efforts to promote its central bank digital currency (CBDC) worldwide, with PBoC Governor Pan Gongsheng announcing a new Shanghai-based international operations center for the digital yuan.
Senator Cruz Introduces Bill to Prevent Fed from Issuing a CBDC
Reading time: < 1 minuteUS Senator Ted Cruz introduced a bill on March 26 aiming to prevent the Federal Reserve from issuing a central bank digital currency (CBDC).
BoE Plans to Conduct an Experiment with a Wholesale CBDC
Reading time: < 1 minuteThe central bank of England is proposing a Real-Time Gross Settlement (RTGS) system and wholesale central bank digital currency (wCBDC) to assess their settlement capabilities and interoperability.
ECB Publishes Update on CBDC Development
Reading time: < 1 minuteThe European Central Bank (ECB) yesterday published its first progress report on the development of a central bank digital currency (CBDC).
US House of Representatives Passes Anti-CBDC Bill
Reading time: < 1 minuteIn a vote that fell along party lines, the House of Representatives passed a Republican-sponsored bill that would block the Federal Reserve Bank from issuing a central bank digital currency.
Israel Central Bank: The Economy Will Benefit from CBDCs
Reading time: < 1 minuteBank of Israel deputy governor Andrew Abir challenged the traditional belief that central bank digital currency (CBDC) would have a negative impact on commercial banks.
