South Korea to Launch Digital Currency Pilot Program in 2024
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…
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South Korea to invite 100K citizens to test CBDC in 2024
Participants will be restricted to using the CBDC only for payment, without an option to store, exchange or send it to other users.
Cambodian digital currency bakong amps up use case with Alipay agreement
The CBDC-like bakong provides digital payment services in riel and the U.S. dollar. It has been steadily extending its regional scope.
Ripple’s James Wallis underscores CBDCs’ role in breaking financial barriers
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 Unveils Digital Tenge in Limited Pilot Mode With First-Ever Retail Transaction
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…
Mastercard Highlights Difficulty in Wide Adoption of CBDCs
Mastercard’s blockchain and digital assets lead for Asia-Pacific, Ashok Venkateswaran, has expressed skepticism about the wide adoption of central bank digital currencies (CBDCs). This comes as countries globally explore CBDCs,…
Kazakhstan officially launches digital tenge
The chairman of the National Payment Corporation has made the first transaction with the central bank digital currency.
IMF head: CBDCs can replace cash, help financial inclusion
International Monetary Fund Managing Director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies.
APEC finance ministers to share perspectives on crypto at meeting in San Francisco
U.S. Treasury Secretary Janet Yellen said she is looking forward to hearing from the finance ministers of some of the world’s most crypto-forward countries.
BIS General Manager urges central banks to “lead innovation” for CBDCs
Agustín Carstens called CBDCs the “central element” of the central bank leadership in innovation.
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