The Bank of Tanzania is cautiously readying a central bank digital currency (CBDC). The country’s central bank said it will “continue to monitor, research and collaborate with stakeholders, including other central banks, in the efforts to arrive at a suitable and appropriate use and technology...
Public-private partnerships have yielded great things from railroads to universities, and now they stand to be a transformative force in the future of central bank digital currencies (CBDCs). This is analyzed in the report “Why Public-Private Collaboration Is Key To Blockchain Adoption,” a PYMNTS and...
Central banks around the world have diverged in the design of CBDCs. As the investigation phase of the European Central Bank’s (ECB) digital euro project moves into technical considerations, the question of which path it will follow arises. Will the digital euro look like China’s...
The Central Bank of Turkey has tested a digital lira. Like many central banks around the world, the central bank of Turkey (CBT) is exploring if and how it could issue a central bank digital currency (CBDC) as part of the digital lira project. In...
Consumers in China have shown little enthusiasm for their country’s central bank digital currency (CBDC). That’s according to a former official from the People’s Bank of China, whose comments were reported Thursday (Dec. 29) by Reuters, which cited state media outlet Caixin. That official, Xie...
One surprising digital dollar asset had a great 2022, and it wasn’t cryptocurrency. While the past year saw the value of the crypto market shrink to $1.4 trillion from its 2021 high of $3 trillion, governments around the world increasingly experimented with a different form...
The ECB has published an update on its Central Bank Digital Currency project. The report, published on Thursday (Dec. 21), outlines the European Central Bank’s (ECB’s) progress on the investigation phase of the digital euro project, which began in October 2021. It is the second...
A leading U.S. Treasury official says the digital dollar could still be years away. U.S. regulators must first determine whether a central bank digital currency (CBDC) would truly improve real-time interbank payments in terms of speed and cost, Nellie Liang, undersecretary for domestic finance at...
The crypto currency market is increasingly inspiring sovereign central banks to mint national digital fiat. “Digital assets are not on trial. Fraud and organizations are on trial,” said U.S. Sen. Cynthia Lummis during a Senate Banking Committee hearing Wednesday (Dec. 14) on the collapse of...