European Union Central Bank to decide on the creation of CBDC by the end of October
European Union Central Bank (ECB) governor Christine Lagarde recently announced that a decision to introduce a central bank digital currency (CBDC) would be taken by October. She also said that a widespread introduction of the digital euro is not expected any time soon.
A "pilot phase of ...
Bank of Italy began the CBDC trial
The Bank of Italy began a trial of CBDC, set up in cooperation with financial technology company R3.
Eighteen banking institutions from Italy, as well as the Italian Banking Association, will participate in a CBDC testing initiative called Project Leonidas, using the same network for interbank ...
International central banks assessed more than 30 options for using CBDC
The Bank for International Settlements (BIS) reported that more than 30 potential CBDC applications have been assessed as part of a joint project by international central banks.
It was BIS London Innovation Centre that joined forces with the Bank of England to explore how digital retail payments ...
Bank of Japan to continue its efforts to introduce a digital yen
The Bank of Japan (BOJ) has concluded that, having effectively completed the second phase of the digital yen pilot project, there is sufficient reason to continue the initiative.
The second phase of the state cryptocurrency ran from April 2022 to March 2023. According to the information, this phase ...
The pilot project of the digital Mauritian rupee will be launched in November 2023
The Governor of the Central Bank of Mauritius, Harvesh Kumar Sigolam, has said that the pilot project of the digital Mauritian rupee will be launched in November 2023. This comes after a three-year study of its potential.
According to the Central Bank Governor, the digital rupee will help ...
Reserve Bank of Zimbabwe decided to introduce digital currency
The Reserve Bank of Zimbabwe (RZB) has decided to introduce a digital currency backed by gold as legal tender within the country. The government hopes that this will lead to the stabilisation of the Zimbabwean dollar (ZWL).
These tokens will be an electronic form of money backed by gold held by the ...
In the UK announced the launch of the digital pound ahead of schedule
The Bank of England and the UK Treasury have announced that the digital pound sterling has launched ahead of its planned launch date. Nigel Green, CEO and founder of deVere Group, warned that strong private sector involvement is essential for successful CBDC integration.
According to financial ...
The Bank of England forms a team of 30 people to create CBDC
The Sunday Times, a newspaper in the United Kingdom, reported that the Bank of England is forming a team of 30 people to create a digital pound.
This team, according to the Central Bank's website, will include security architects and developers for the CBDC project.
Ian Taylor, advisor to ...
