Education & News
The Bank of Korea (BOK), the country's central bank has launched a pilot program for testing its national CBDC - the Digital Won. Announced this week, the BOK says the program is set to run for 22-months till December 2021, and is aimed at evaluating technical and legal
Education & News
The Bank of International Settlements (BIS) has released a report in favour of central bank digital currencies (CBDCs) amid the coronavirus pandemic. The report published by researchers at the BIS, notes that COVID-19 is changing public's perception of cash; and that central banks should consider the development of
Education & News
The Bank of France (BDF) is officially launching a program of experiments to test the use of a central bank digital currency (CBDC) for inter-bank settlements. According to a document dated March 30, France's central bank is inviting applications from potential participants to experiment the feasibility of integrating
Education & News
The Reserve Bank of Australia (RBA) recently released a report in which it examined the need for an Australian Dollar-based central bank digital currency (CBDC). According to the report submitted to the Australian Senate Committee for Financial Technology and Regulatory Technology, it notes that CBDCs have stimulated wide discussions across
Education & News
President of the European Central Bank (ECB) - Christine Lagarde has expressed support for the bank’s involvement in the development of a central bank digital currency (CBDC); as she notes its benefits for faster and cheaper cross-border payments. Speaking at a recent interview where she was asked about ECB’
Education & News
The United States Federal Reserve is exploring the development of a central bank digital currency (CBDC) - a digital dollar; with a focus on its potential benefits and risks on the general monetary system. This revelation was made by the Fed Chairman Jerome Powell in response to a letter sent
Africa
Bank of Ghana (BoG) Governor has revealed that the country is exploring the benefits of issuing a central bank digital currency (CBDC). Speaking at the 23rd National Banking Conference, the BOG boss - Ernest Addison said the country's central bank is discussing the launch of a CBDC project
Africa
* This post has been updated to reveal that the Central Bank of Tunisia (BCT) has denied claims of launching a central bank digital currency (CBDC). The bank states it is focused on digital payment alternatives, including CBDC but is yet to move forward with its implementation. The Central Bank of
Blockchain
Turkey’s President Recep Tayyip Erdogan has directed that the government should finish testing its national central bank digital currency (CBDC) by end of 2020. The digital currency dubbed ‘Digital Lira’ is the country's national blockchain-based digital currency, and is planned to be issued by its Central Bank