CBDC:ASIA
Bank of Japan will test digital yen with three megabanks
Bank of Japan is working with three megabanks and regional banks to issue CBDCs. The pilot will test the issue of Japan's digital yen in 2023. 2026 ruling on digital currency.
China Central Bank Releases Digital CNY Smart Contract Prepaid Fund Management Product
In China, the Digital Currency Research Institute of the People's Bank of China has launched a digital renminbi smart contract prepaid fund management product - "Yuanguanjia".
Bank of Thailand to Start Retail Test for its Retail CBDC
The Central Bank of Thailand also known as the Bank of Thailand (BOT) plans to begin a pilot study of Retail central bank digital currency (CBDC)
China Expands Digital Yuan Pilot Sites to 23 regions across 15 Provinces
The People's Bank of China announced that it will expand the digital yuan pilot program from 11 regions to 23 regions in 15 provinces and cities.
Bank Indonesia to Evaluate CBDC Influence to Local Economy
Governor of the Bank Indonesia (BI) suggested that crypto can facilitate financial system efficiencies and inclusion. The administration is evaluating the impact of adopting CBDC on the local economy.
HKMA Announces Joint Research with Bank of Israel, BISIH for Retail CBDC
The Hong Kong Monetary Authority announced joint research with the Bank of Israel and the Bank for International Settlements Innovation Hub Hong Kong Centre for retail CBDC.
$30m e-CNY Airdropped in Shenzhen to Boost Consumer Spending
The use of China’s Central Bank Digital Currency (CBDC) is currently being boosted by the city of Shenzhen which according to reports has airdropped 30 million Digital Yuan (e-CNY) to its residents.
HKMA Seeks Public Consultation for e-HKD Development
In Hong Kong, the local financial regulator has issued a discussion paper to the public, asking for the public opinions about introducing domestic retail central bank digital currency.
Singapore and Cambodia to Explore CBDC to Boost Payments Ecosystem
Singapore and Cambodia are notably exploring the use of CBDCs and digital currencies to improve their payment ecosystem efficiency and bolster the growth of startups aboard.
Indian Finance Minister Sees "Clear Advantages" in CBDC
India’s Finance Minister, Nirmala Sitharaman, has hailed the Central Bank Digital Currency (CBDC) being developed by the Reserve Bank of India (RBI).
