CBDCs on the horizon: The current state of CBDC initiatives around the world

CBDCs on the horizon: The current state of CBDC initiatives around the world

Source: Cointelegraph Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more […]

Snapshot: Which countries have made the most progress on CBDCs so far in 2023

Snapshot: Which countries have made the most progress on CBDCs so far in 2023

Source: Atlantic Council 2023 is already shaping up to be a major year in central bank digital currency (CBDC) exploration. As of March 1, sixty-five countries are in the advanced stage of development, and over twenty central banks have launched their pilots, including Brazil, Japan, and Russia. To dive deeper into these countries, follow our CBDC […]

National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge

National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge

Source: Bitcoin.com The National Bank of Kazakhstan (NBK) has announced the successful completion of the second stage of testing of the platform for its central bank digital currency (CBDC). The results of the trials and the study on the need for the new version of the national fiat, the tenge, have been presented in a whitepaper published […]

Kazakhstan to Press On With CBDC Development Until 2025

Kazakhstan to Press On With CBDC Development Until 2025

Source: Coindesk Kazakhstan will continue looking into a central bank digital currency (CBDC) until 2025 at least, the central bank said in a report published Thursday. In December 2021, the country said it was piloting a CBDC on R3’s Corda platform and would make a decision on whether to introduce one by the end of this year. In October, Binance CEO […]

Kazakhstan to build central bank digital currency on BNB Chain

Kazakhstan to build central bank digital currency on BNB Chain

Source: Cointelegraph In an announcement on Twitter, Changpeng Zhao, the founder and CEO of Binance, said the network will be a major component of Kazakhstan’s latest Web3 endeavor. The Binance founder tweeted that the National Bank of Kazakhstan (NBK) will integrate its central bank digital currency (CBDC), the digital tenge, on the BNB Chain, the underlying blockchain […]