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China's central bank digital currency could be nearing its official launch, as reports indicate that major state-run banks are reportedly testing a wallet for the country's proposed CBDC. According to a report by Reuters, a group of commercial banks in China are conducting a large scale
Bitcoin
The Bank of Jamaica - Jamaica's central bank has published an invitation to emerging tech companies to partner in the development and test of its national CBDC. According to an official statement, interested technology companies are requested to submit details of their digital currency solutions to the bank
Bitcoin
The Bank of England (BoE) Governor Andrew Bailey on Monday acknowledged that the U.K. Central Bank is evaluating the need for a digital currency (CBDC). According to a report by Bloomberg, Bailey made reference to the project as he discussed the relevance of a digital currency system with school
Bitcoin
Chief of Cryptocurrency at payments giant - Visa says central bank digital currency (CBDC) is one of the most vital trends for the future of money and payments. According to Cuy Sheffield, who heads the company's crypto project, he explained in a thread on Twitter that the decision
Bitcoin
June 02, 2020 - The Bank of Japan (BoJ) has announced it would experiment a central bank digital currency to evaluate the feasibility of such project. According to the BoJ, it wants to digitize cash, and is set to commence a proof-of-concept process with the digital yen; following the footsteps
Blockchain
In its latest report, the Bank of International Settlements (BIS) says the coronavirus pandemic has accelerated the need to create central bank digital currencies (CBDC). The BIS report notes that central banks must realize this is the time to move ahead with development of CBDC projects; with COVID-19 haven exposed
Blockchain
The Italian Banking Association (ABI) has announced its willingness to work on a Central Bank Digital Currency (CBDC), and Digital Euro for the region. The ABI says it is ready to support the implementation of a digital currency from the European Central Bank. According to an official press release, the
Africa
The Bank of Ghana (BOG) has confirmed it remains committed to piloting a central bank digital currency (CBDC). Speaking at a recent virtual stakeholders workshop on payment systems and services, BOG first deputy governor Dr Maxwell Opoku-Afari said the bank is still considering development of a virtual currency. Dr Afari
Blockchain
The Banque de France - Central Bank of France has announced the successful completion of its blockchain-based digital euro test, as part of its ongoing central bank digital currency experiment. According to an official publication titled: "Progress of the central bank digital currency experimentation process launched by the Banque
Blockchain
Card payments company - Visa has submitted a patent application to create a "digital fiat currency" on a centralized computer using blockchain technology. According to the filing published on May 14 by the United States Patent and Trademark Office (USPTO), the inventors seek to patent a blockchain digital
Education & News
The Dutch Central Bank - De Nederlandsche Bank (DNB) in a recent report, said it is ready to be proving ground for a central bank digital currency (CBDC) test in the European region. According to a 45-page document by the DNB, it said "we are ready to play a
Blockchain
While rumours abound about the testing phase of China's digital currency. Local media outlets believe that tests will begin sooner than expected. China’s national digital currency or as they call it, “DC/EP” has been in development for 5 years now. And there has been plenty of