News
Australia wholesale CBDC to increased efficiency, security, and...
Australia focuses on wholesale applications. Unlike a retail CBDC, which would be available to the public, a wholesale CBDC is intended for use by...
Zimbabwe Introduces Gold-Backed Currency ZiG
In a bold attempt to stabilize its long-struggling economy, Zimbabwe has introduced a new gold-backed currency known as ZiG, short for "Zimbabwe Gold". This...
Ethiopia Passes CBDC Law, Pursues Bitcoin Mining Policies
In a significant move towards embracing digital finance, Ethiopia’s cabinet has approved a legal framework for the establishment of a central bank digital currency...
Swiss Central Bank Launches World’s First Tokenized Monetary Policy Operation
The Swiss National Bank (SNB) has made a historic announcement, declaring itself the first central bank globally to conduct a monetary policy operation using...
European Central Bank Publishes First Update on Digital Euro Progress
The Eurosystem's digital euro project is moving forward with a clear vision: to ensure central bank money evolves in tandem with current payment preferences...
Cross-Border CBDC Focused Project MBridge Moves Forward
For over three years, the Bank for International Settlements (BIS) has collaborated with the central banks of China, Hong Kong, Thailand, and the United...
India’s Central Bank to Launch Offline Digital Currency, Says Das
The Reserve Bank of India (RBI) is taking significant steps to ensure its digital currency can be used offline. According to Governor Shaktikanta Das,...
Exciting Developments in South Africa’s Digital Payments Landscape
The South African Reserve Bank (SARB) has unveiled its forward-looking digital payments roadmap, prioritizing stablecoins, a retail central bank digital currency (CBDC), and tokenization...
Bank of Japan Takes Major Step towards CBDC Implementation
The Bank of Japan (BoJ) recently unveiled progress in its central bank digital currency (CBDC) endeavors with the release of an interim report. In...
Zimbabwe Introduces New Gold-Backed Currency ZiG
In an effort to stabilize its volatile economy, Zimbabwe has launched a new gold-backed currency known as ZiG, short for "Zimbabwe Gold." This move...
Bank of England and FCA Launch Digital Securities Sandbox
Initiative known as the Distributed Ledger Technology Securities Settlement (DSS) is set to transform the issuance, trading, and settlement of securities like shares and...
Eurosystem Initiates Exploratory Work on Wholesale Transaction Settlement Technologies
The ECB's Governing Council has greenlit the participation of ten market entities with access to TARGET and six distributed ledger technology (DLT) operators. These...
BIS and Seven Major Central Banks to Pilot Innovative Digital Currency...
The Bank for International Settlements (BIS) announced a collaborative effort with the Bank of Japan and six other major central banks to trial a...
Hong Kong Launches “Project Ensemble” for Wholesale Central Bank Digital Currency...
The BIS Innovation Hub Hong Kong centre has officially launched the second phase of Project Aurum in partnership with the Hong Kong Monetary Authority...
Philippines to Conclude Project Agila, Wholesale CBDC Trials in 2024
The BIS Innovation Hub Hong Kong centre has officially launched the second phase of Project Aurum in partnership with the Hong Kong Monetary Authority...