Ukraine’s central bank is considering a central bank digital currency to let users trade cryptocurrency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
The Bank of Japan will reportedly join a host of other countries in testing a central bank digital currency (CBDC) next year in experiments with three of the country’s banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In a video address as part of a high-level conference on the digital euro earlier this month, the president of the European Central Bank (ECB), Christine Lagarde, announced that the central bank digital currency (CBDC) project had received “strong political backing,” a year after kicking...
Faster cross-border transactions could be one of the most significant benefits of a United States central bank digital currency (CBDC), a New York Fed official said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Monetary Authority of Singapore (MAS) has debuted Ubin+, a program to test the use of a wholesale central bank digital currency (CBDC) for cross-border foreign exchange settlement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In a pilot project that is said to be the first of its kind, the central banks of France, Singapore and Switzerland are collaborating in a joint trial of their experimental central bank digital currencies (CBDCs) and decentralized finance (DeFi) protocols. Get the Full Story...
A four-country test of a cross-border payments system using central bank digital currencies was a success, the Bank for International Settlements (BIS) declared last week, finding that creating international payments bridges “is a realistic and achievable goal.” Get the Full Story Complete the form to...
The Monetary Authority of Singapore and DBS Bank are running a trial of tokenized Singapore dollars that can be programmed for specific uses and allow merchants to be paid immediately. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Reserve Bank of India (RBI) has announced that the first of its pilot launches of a digital rupee will begin Tuesday (Nov. 1) with a “Digital Rupee — Wholesale segment.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...
