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Canadians are overwhelmingly opposed to their central bank researching and issuing a digital loonie, according to newly released survey results from the Bank of Canada. The report found that citizens…
The Bank for International Settlement’s Project Tourbillon features two eCash prototypes, the first providing “unconditional payer anonymity” and the second being “more resilient” in security terms.
Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), has predicted the fate of private digital coins, including native digital tokens, in the future monetary system. Speaking…
A total of four foreign banks have integrated China’s e-CNY CBDC thus far.
The British bank will provide e-CNY CBDC services to clients and explore its future use in China's financial system.
In a move to modernize its financial infrastructure, South Korea is set to embark on a pioneering project involving digital currency. Commencing in the fourth quarter of 2024, the nation…
Participants will be restricted to using the CBDC only for payment, without an option to store, exchange or send it to other users.
The CBDC-like bakong provides digital payment services in riel and the U.S. dollar. It has been steadily extending its regional scope.
Wallis clarifies that financial inclusion aims to extend financial services to individuals worldwide, especially those with low incomes and no ties to financial institutions.
Kazakhstan officially introduced its central bank digital currency (CBDC), the digital tenge, on November 15th, operating within a “limited environment with real users.” The National Bank of Kazakhstan initiated the…