Nine out of 10 central banks surveyed by the Bank for International Settlements (BIS) said that they are at least exploring a central bank digital currency (CBDC), and half are actively developing a digital version of their fiat money. Those banks represent 90% of the...
Ninety percent of the central banks surveyed by the Bank for International Settlements are exploring the creation a central bank digital currency (CBDC). In addition, about two-thirds of the 81 banks surveyed, representing 90% of the world’s economy, said they are developing or actively experimenting...
EMTECH, a central bank digital currency (CBDC) infrastructure provider, has collaborated with HaitiPay to demo its first CBDC and FinTech proof of concept. According to a press release Thursday (May 5), both companies are led by Haitian women. Their project constituted the first functional test...
Technically, the Central African Republic’s (CAR’s) decision to make bitcoin a legal tender alongside the regional CFA Franc isn’t central bank digital currency (CBDC) news. In some ways, it’s the opposite, as many CBDC projects are aimed at preventing the use of cryptocurrencies, and particularly...
Citizens in China have reportedly begun paying taxes with the digital yuan as part of a pilot program in the Zhejiang province. As Crypto News reported Friday (April 29), several government organizations in that part of China are testing solutions involving digital yuan transfers to...
After scrolling through the 11,000-plus comments the European Commission has received about its digital euro project, it isn’t hard to get flashbacks to the reception a different type of digital currency received last year. El Salvador’s embrace of Bitcoin as an official currency is in...
While followers of central bank digital currencies (CBDCs) have generally been tracking 85 to 91 projects, a new study by top consulting and accounting firm PwC found that 80% of central banks around the world are at least considering adding a digital version of their...
Europe is preparing the ground for a digital euro and it doesn’t want to miss this opportunity to evaluate the whole European payment system. The European Central Bank (ECB) is leading the efforts to create a central bank digital currency (CBDC). According to an ECB...
A growing school of thought says there is an important role for non-bank payments services providers in central bank digital currency (CBDC) design. By and large, public discussions about central bank digital currencies have either assumed or come to the conclusion that they should be...