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CBDC

SWIFT China President Wen Yang on Overcoming Barriers in CBDC Systems

The President of SWIFT China recently offered perspectives on the obstacles and remedies concerning the interoperability of cross-border central bank digital currency (CBDC). In a discussion with 21st Century Business...
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Rwanda’s CBDC Taking Shape? Central Bank Explores Tokenized Retail CBDC

Rwanda is currently examining the possibility of embracing a central bank digital currency (CBDC), thoroughly assessing its advantages, drawbacks, and logistical aspects for implementing a retail CBDC. The National Bank...
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HKMA Establishes Working Group to Set Standards for Wholesale CBDC Interoperability

On Tuesday, the Hong Kong Monetary Authority (HKMA) established a working committee with the aim of establishing industry standards for wholesale CBDC interoperability. Additionally, the committee seeks to facilitate transactions...
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Iran and Russia Working on Bilateral CBDC-powered Trade Solutions

Iranian and Russian officials have collaborated on developing Central Bank Digital Currency (CBDC) and “digital financial asset” (DFA) based trade solutions, as confirmed by a representative from Iran. In an...
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Pakistan’s Finance Minister Reaffirms Government’s Interest in Digital Currency

Pakistan’s push for a central bank digital currency (CBDC) gained momentum anew on Sunday, spearheaded by Finance Minister Muhammad Aurangzeb reigniting the debate. Speaking at a special meeting of the...
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Israel’s Central Bank to Roll Out Sandbox for CBDC Experiments

The Bank of Israel is set to unveil a sandbox environment dedicated to testing the potential applications of CBDCs (Central Bank Digital Currencies). This move aims to fine-tune the design...
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China Expands Digital Yuan Accessibility Through Hardware Wallet Integration

The Qingdao branch of the Bank of China (BOC) has unveiled a novel payment solution for Qingdao’s metro transit system, leveraging digital yuan hardware wallets. Reported by the local news...
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SWIFT to Launch CBDC Platform in 2025-26: Report

SWIFT, the worldwide messaging network utilized by banks, service providers, clearinghouses, corporate entities, and brokers, is gearing up to introduce a novel platform for interconnecting central bank digital currencies (CBDCs)...
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Liberia is Working to Build CBDC with Blockchain Solutions Firm Gluwa

Liberia, a West African nation, is considering the creation of a central bank digital currency (CBDC) in partnership with Gluwa, a real-world asset platform. Gluwa, which recently collaborated with the...
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China’s Central Bank Publishes Digital Yuan Guide for Foreign Visitors

The People’s Bank of China, China’s central bank, has released a digital yuan service manual aimed at assisting foreign visitors in utilizing e-CNY for contactless payments. According to a report...
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