Call for expressions of interest in participation in the digital euro scheme Rulebook Development Group
Source: ECB The ECB/Eurosystem is inviting experienced experts in the field of payments/finance to express their interest in contributing to the drafting of a rulebook for a digital euro scheme. Following the decision of the ECB’s Governing Council to launch the investigation phase of the digital euro project, the Eurosystem has explored various options for […]
Central bank of Egypt (CBE) studies using central bank digital currency
Source: Daily News Egypt The Central Bank of Egypt (CBE) revealed that it is studying applying Central Bank Digital Currency (CBDC). CBE indicated that CBDCs are safe and stable, as an alternative to other types of cryptocurrencies and their risks regarding the digital economy, financial inclusion and digital financial services, as a continuation of the […]
Bill on Digital Ruble Submitted to Russian Parliament
Source: Bitcoin.com A group of Russian lawmakers, led by the Chairman of the Financial Market Committee Anatoly Aksakov, have submitted draft legislation on the digital ruble, the central bank digital currency (CBDC) minted by Russia’s monetary authority. The document suggests legislative changes meant to create the conditions for its introduction. According to the explanatory notes […]
Despite crypto crash, financial institutions are cautiously wading into digital assets
Source: OMFIF This year will be remembered as one of reckoning for digital assets. After years of slushy and speculative asset price growth and the spread of numerous junk cryptocurrencies, with at best dubious value, the rapid collapse of the crypto world is something many economists had expected for a long time. Yet, amid such dynamics is […]
Turkish Central Bank Runs First CBDC Tests
Source: Coindesk The Central Bank of Turkey (CBRT) has conducted the first tests of its Turkish digital lira. According to a statement released on Thursday, the CBRT successfully carried out the first payment transactions on its central bank digital currency (CBDC) network as part of an initial test phase. “In the first quarter of 2023, […]
Bank of England receives 20 applications to develop CBDC wallet prototype
Source: CityAM Twenty companies have submitted applications to create a digital wallet for the Bank of England’s CBDC project. The bank underlined its desire to pursue a central bank digital currency by putting a contract for a sample wallet out to tender only three weeks ago, setting a deadline to complete applications by December 23. […]
China’s CBDC wallet resorts to ages-old tradition to boost adoption
Source: Cointelegraph China’s wallet app for its digital yuan central bank digital currency (CBDC) introduced a feature for users to send money in an electronic version of traditional “red packets” to try to attract new users. The new feature was released over the weekend, around one month ahead of the Chinese New Year on Jan. 22, as reported by […]
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 […]
OpenCBDC to process 1.84M transactions per second as Boston Fed, MIT collab is complete
Source: CryptoSlate The Federal Reserve Bank of Boston and MIT announced on Dec. 22 that their CBDC research effort, Project Hamilton, is now complete. That initiative aimed to research the technical feasibility of a central bank digital currency or CBDC. Such an asset would be tied to the value of the U.S. dollar and issued by a […]
ECB publishes second progress report on the digital euro investigation phase
Source: ECB The ECB has published the second progress report on the investigation phase of a digital euro. It outlines the developments made since the first progress report, which was published in September 2022. The report details a second set of design and distribution options that were recently endorsed by the Governing Council and describes the roles of the […]
