CBDC

CBDC
China Pilots Connection Between Digital Yuan and Hong Kong Fast Payment System
December 09, 2021

China is now working on connecting its nearly finished central bank digital currency (CBDC) to Hong Kong’s Fast Payment System. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

CBDC
Cyber Risks Pose Challenge to CBDC Rollout in India; Digital Payments Growing at Record Highs
December 08, 2021

Cybersecurity and the risk of cyber fraud pose challenges to the successful rollout of a central bank digital currency (CBDC), Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday (Dec. 8), per a LiveMint report. Get the Full Story Complete the form to...

CBDC
To Fight Crypto Competitors, More Central Banks Eye Digital Currencies of Their Own
December 01, 2021

A battle seems to be brewing within the crypto arena – one that pits central banks against the bitcoins (and the other cryptocurrencies) of the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CBDC
Innovation Center Launch Could Advance US Digital Currency
November 30, 2021

An innovation hub will help the U.S. central banking system advance the process of implementing digital currency, Federal Reserve Chair Jerome Powell said, according to a Monday (Nov. 29) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

CBDC
Japan Has a Private and Public Digital Yen in the Works, But Will Cash-Friendly Consumers...
November 24, 2021

Two of the most prevalent and fastest-growing ways of making cashless, digital payments are via scannable QR codes and tap-your-card NFC readers. Both were invented in Japan. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CBDC
India Central Bank Eyes Digital Currency Trial Run in 2022
November 18, 2021

The Central Bank of India could pilot a digital currency early in 2022, a change from when the central bank governor thought a soft launch of a central bank digital currency (CBDC) could happen by December, although there never was an official timeline announced by...

CBDC
Even Before Launch of Digital Yuan in China, Fraudsters are Beginning to Probe for Weaknesses
November 15, 2021

In China, the digital yuan is getting ever closer to a widespread, national rollout. 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, PYMNTS...

CBDC
Singapore CBDC Strategy Likely Influence on US, UK Central Banks
November 11, 2021

In examining the emergence of central bank digital currencies (CBDCs) and their use cases — and the infrastructure that underpins it all — a twist on that old baseball movie comes to mind. Get the Full Story Complete the form to unlock this article and...

CBDC
A Cautionary Tale: Britain’s Long Path Toward a Central Bank Digital Currency and China’s Quick...
November 10, 2021

For central banks, there’s a long road between mulling a central bank digital currency (CBDC), defining the ramifications and launching it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...