Status : Research
Usecase : Undecided
The Bank of Central Africa States, of which CAR is a member, is exploring the creation of a common CBDC for its members
Relevant News
No news available
United states
Status : Development
Usecase : Retail, Wholesale
Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell have reaffirmed the United States’ interest in a digital dollar. At the NYTimes Dealbook Conference, in response to our tracker, Secretary Yellen said: “I think it [the digital dollar] could result in faster, safer, and cheaper payments, which I think are important goals.” During a testimony before the Senate Banking Committee, Powell began by confirming, “We are looking carefully, very carefully at the question of whether we should issue a digital dollar.”
Relevant News
Why Iâm Stockpiling Fertilizer Now for Food Resilience
Introduction: The Tangible Hedge Against a Predicted Collapse I’m preparing for food scarcity. Not with a vague sense of unease, but with deliberate, tangible action. While others watch the headlines about Middle East conflicts and rising commodity prices wit…
Read MoreRepublican opposition to CBDC could hold up housing affordability bill
Republicans in the US House of Representatives have threatened the future of an affordable housing bill if it doesn’t include an outright ban on CBDCs.
Read MoreAre US stablecoins just CBDCs in disguise? Look closely and the differences start to blur
America may reject the name “CBDC” while still building the conditions for CBDC-like control through private dollar infrastructure. Washington has ruled out a retail Federal Reserve digital dollar in legal form. At the same time, the stablecoin regime now tak…
Read MoreCBDC Fight Escalates As US Lawmakers Call For Permanent Ban
A standalone bill that went nowhere in the Senate is now at the center of a congressional fight over how far the government should go to block a digital dollar — and a group of 29 lawmakers wants the answer to be: all the way. Related Reading: Crypto Gets A B…
Read MoreCBDC: Senator Pushes For Permanent Ban In Housing Act Amendment
US Senator Ted Cruz is maintaining a firm campaign against a US central bank digital currency (CBDC). In the latest development, the junior senator representing Texas has pushed for a permanent CBDC ban in the 21st Century ROAD to Housing Act, to replace an i…
Read MoreWhy U.S. lawmakers signing against CBDC could be bullish signal for XRP?
U.S. lawmakers move to block a Federal Reserve CBDC as XRP Ledger activity rises and RLUSD stablecoin liquidity expands.
Read MoreStablecoins Pose Fresh Risk To Eurozone Lending, ECB Says
Europe’s top central bank is watching stablecoins with growing caution. What began as a niche crypto tool is now large enough to draw attention in Frankfurt. Related Reading: US Senate Tucks CBDC Ban Into Housing Bill, Sets 2030 Deadline Based on reports, the…
Read MoreU.S. Senate housing bill includes CBDC ban
The Senate Banking Committee's bipartisan "ROAD to Housing Act" includes a provision banning the Fed from issuing a CBDC before 2031.
Read MoreSenate Advances Housing Bill With CBDC Ban, Draws White House Backing
The vote marks one of the strongest bipartisan showings of this Congress, suggesting the package could clear further procedural hurdles.
Read MoreSenate housing bill amendment proposes to block US CBDC until 2030
The proposed prohibition was slipped into a Senate housing bill, reviving language used in previous standalone bills to block a Fed-issued US digital dollar.
Read MoreVietnam
Status : Research
Usecase :
Vietnam’s Ministry of Finance has formed a research group to explore digital currencies, with a timeline for CBDC development set from 2021 to 2023. In June 2022, Soramitsu, a Japanese company, announced its plans to conduct feasibility studies for CBDCs in Vietnam and the Philippines. The State Bank of Vietnam, Atlantic Council Research, and vietnamnews.vn are sources for this information.
Relevant News
No news available
Laos
Status : Development
Usecase : Retail, Wholesale
The Bank of the Lao began its partnership with Soramitsu in October 2021. However, the PDR has yet to determine if it will issue a CBDC. The Japan International Cooperation Agency is working on the project jointly with the central bank, as part of a wider push to promote socioeconomic development in Laos. The research is set to explore a multi-currency, wholesale pathway as well. In 2023, Laos began developing and testing a proof-of-concept with Soramitsu. During this pilot, the Bank of the Lao PDR issues a CBDC to a temporary commercial bank that then distributes it to individual users to test the payment method at participating retail outlets. This trial is a modified version of Bakong platform launched in Cambodia.
Relevant News
No news available
Kazakhstan
Status : Pilot
Usecase : Retail
Kazakhstan began considering a Digital Tenge in May 2020. In June 2020, Kazakh officials revealed the nation’s digital currency development plan to experts from Russia and China. In May 2021, the National Bank of Kazakhstan (NBK) announced that it plans to pilot the Digital Tenge. In a December 2021 report, Kazakhstan revealed that it had built a prototype along with domestic banks. In October 2022, the NBK announced additional pilot testing to run through 2025 and that it will test the Digital Tenge on Binance’s blockchain network.
Relevant News
Kazakhstan Is Launching a National Stablecoin on Solana
Kazakhstan launches Evo stablecoin on Solana with Mastercard, aiming to bridge TradFi and Web3 through strong local support.
Read MoreKazakhstan central bank reviews digital tenge pilot successes, next steps
The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come.
Read MoreVisa and Mastercard power Kazakhstan’s CBDC debit cards
Digital tenge also designed to ensure “targeted and efficient government spending”
Read MoreKazakhstan officially launches digital tenge
The chairman of the National Payment Corporation has made the first transaction with the central bank digital currency.
Read MoreKazakhstan establishes regulatory agency to implement CBDC
The National Payment Corporation will be responsible for the development of “digital financial infrastructure”, including the implementation of the digital tenge.
Read MoreKazakhstan’s digital currency in pilot stage, per Binance, national bank joint report
The Central Asian country’s CBDC project is right on time, according to a 2020 roadmap, as consumers and merchants use the currency in a controlled environment.
Read MoreKazakhstan explores crypto co-existence in Binance CBDC trials
World’s largest crypto exchange working on crypto regulation in other central Asian states
Read MoreKazakhstan central bank recommends a phased CBDC rollout between 2023-25
Kazakhstan’s central bank recommended making the in-house CBDC available as early as 2023 with a phased expansion of functionality and introduction into commercial operation until the end of 2025.
Read MoreKazakhstan to build central bank digital currency on BNB Chain
Officials in Kazakhstan continue their close relationship with Binance, as the National Bank plans to integrate its CBDC on the BNB Chain.
Read MoreKazakhstan to Integrate its Digital Tenge into the BNB Chain
Binance CEO has confirmed the National Bank of Kazakhstan will integrate its Digital Tenge into the BNB Chain ecosystem
Read MoreEquatorial guinea
Status : Research
Usecase : Undecided
The Bank of Central Africa States, of which Equatorial Guinea is a member, is exploring the creation of a common CBDC for its members
Relevant News
No news available
Uganda
Status : Research
An announcement regarding CBDC exploration was made in February 2022. In April 2022, the Bank of Uganda held meetings with the temtum group, a blockchain technology company. In a May 2022 interview, the Bank of Uganda announced that it is conducting a preliminary study to consider a CBDC and the policy objectives that it would address.
Relevant News
No news available