CBDC
Discover the latest in Central Bank Digital Currencies (CBDCs) and state-backed digital currencies. Get updates on adoption, rules, real-world uses, and new technologies shaping the future of digital money worldwide.
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BIS Evaluates the Potential Shutdown of Project mBridge
According to a recent Bloomberg report, the Bank for International Settlements (BIS) is evaluating the potential shutdown of Project mBridge,…
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SWIFT to Launch Live Digital Currency Trial in 2024 Amid Growing Competition
SWIFT, the global financial messaging giant, announced that it will trial live digital currency transactions in 2024. This move signals…
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UDPN Integrates Hedera-Powered Stablecoins & CBDCs for Seamless Payments
GFT, a global IT engineering solutions provider, and Red Date Technology, a decentralized cloud infrastructure company, have successfully integrated stablecoins…
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UAE Surges Ahead: A Comparative Look at the IMF’s CBDC Adoption Framework
On September 20, 2024, the International Monetary Fund (IMF) released a pivotal report on Central Bank Digital Currency (CBDC) adoption,…
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RAKBANK Achieves Milestone with First CBDC Transfer via mBridge
RAKBANK has become one of the first banks in the UAE to successfully execute an international remittance using China’s digital…
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Russia’s Central Bank Advocates Cryptocurrencies, BRICS Currency a Long Shot
Russia’s Central Bank Recommends Cryptocurrencies to Counter Sanctions Russia’s central bank has advised businesses to use various solutions, including cryptocurrencies…
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Banque de France and HKMA Collaborate on CBDC Cross-border Initiatives
The Banque de France and the Hong Kong Monetary Authority (HKMA) have announced their collaboration on wholesale central bank digital…
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European Central Bank Releases First Progress Report on Digital Euro Preparations
The European Central Bank (ECB) has unveiled its inaugural progress report detailing advancements in the preparation phase for the potential…
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Global Survey Shows Central Banks Embrace CBDCs, with UAE Among Pioneers
Central banks around the world are increasingly exploring the potential of central bank digital currencies (CBDCs), as highlighted by a…
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BIS Survey: 94% of Central Banks Eye Wholesale CBDCs
The Bank for International Settlements (BIS) found that 94% of surveyed central banks are exploring Central Bank Digital Currency (CBDC).…
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