Tag: CBDC

Bank of Japan, the country’s central bank, has announced it will launch a proof of concept (PoC) pilot programme for a Central Bank Digital Currency (CBDC).

A recent consultation by the UK Treasury has revealed that plans for a digital UK currency are being considered and could be realised within a decade.

The Central Bank of the Republic of Türkiye (CBRT) has run its first test transactions on the digital Turkish Lira CBDC network.

Bank Indonesia, Indonesia’s central bank, has released a whitepaper that underlines plans for its central bank digital currency (CBDC).

The central banks of France and Luxembourg have finished an experimental CBDC project to settle a ?100m digital native bond, claims Finextra.

The Monetary Authority of Singapore (MAS) has launched Ubin+, an expanded collaboration on a cross-border foreign exchange using wholesale CBDC.

The European Central Bank (ECB) has said EU citizens are unlikely to see a digital euro until 2026 at the earliest as the bank considers further design and distribution considerations.

Central banks in Israel, Norway and Sweden will team with the Bank of International Settlements to explore how CBDCs can be exploited for international retail and remittance payments.

A UK consortium of private sector firms will begin a year-long pilot scheme to test cross-border payments and provide recommendations to the Bank of England.

InvestHK and the Hong Kong Monetary Authority (HKMA) have jointly announced the addition of the central bank digital currency track to the Global Fast Track 2022.