central bank of kenya
UN Agency Advises Kenya to Embrace Blockchain Technology to Tame Corruption
The United Nations Office of Drugs and Crime (UNODC) wants Kenya to embrace blockchain technology to fight runaway corruption.
Kenyan Central Bank Seeks Public Opinion concerning CBDC
As a change of tune about crypto assets, the Central Bank of Kenya (CBK), Kenya’s apex bank, seeks to know the public's view about the potential introduction of CBDC.
South Korea’s Central Bank Launches Central Bank Digital Currency Pilot Program in Case of Future Necessity
South Korea’s central bank recently announced that it has launched a pilot program assessing the issuance of a central bank digital currency (CBDC). The Bank of Korea has stated that there are no immediate plans to launch a CBDC, however, the pilot program will allow the central bank to be prepared in the future if the changing market conditions require its issuance.
Six Central Banks Form Working Group to Assess Central Bank Digital Currencies
Six central banks around the world have come together to create a working group to share experiences on use cases on central bank digital currency (CBDC). With significant expertise in exploring digital currencies, these six central banks are the Bank of Canada, Bank of England, Bank of Japan, European Central bank, Sveriges Riksbank in Sweden, and the Swiss National Bank, and the Bank of International Settlements (BIS).
Estonia's Central Bank Launches Research Project into CBDC
Estonia’s Central Bank also known as Eesti Pank has launched a multi-year research project into central bank digital currencies.
Bank of International Settlement Revealed Positive Outlook on Central Bank Digital Currencies
The Bank for International Settlements (BIS), a coalition of 62 central banks, has weighed in on the trending topic of central bank digital currencies (CBDCs). The global central bank noted a positive interest by central banks to develop their state-backed digital currencies.
Philippines Central Bank To Research Further Before Launching its CBDC
Philippines Central Bank governor Benjamin Diokno has recommended further research with respect to the proposed Digital Peso, central bank digital currency.
Bank of Thailand Tests its Central Bank Digital Currency with Large Businesses Before Official Debut
The Bank of Thailand (BoT), Thai’s central bank, is already utilizing its central bank digital currency (CBDC) for financial transactions with various big businesses. This development ushers in the third development phase of the nation’s CBDC before a public debut.
Venezuela’s Central Bank Considers the Potential of Bitcoin and Ethereum
In the face of global isolation from international financial systems and imposed US sanctions on state-run PSDV (Petroleos de Venezuela S.A.) , Venezuelan’s Central Bank is looking to explore Bitcoin and Ethereum payment systems.
List of Important Resources on Central Bank Digital Currency (CBDC)
Blockchain has the potential to change the whole monetary and financial industry. But it still has a long way to go, as currently, the money issuance power is in the hands of central banks. The compromised way of welcoming blockchain technology in the monetary and financial industry are the central bank issued stablecoins - CDBC.
European Central Bank is Consulting the Public on CBDC
The European Central Bank has launched a public consultation to seek public opinion on its proposed digital Euro or central bank digital currency (CBDC).
China’s Central Bank Accelerates R&D of its Legal Digital Currency
People's Bank of China, the Central Bank of China made an announcement of the acceleration of the development of its legal digital currency.
Bank of England is Considering Developing a Central Bank Digital Currency Amid Surge in Crypto Popularity
The Bank of England has confirmed it is considering the development of its central bank digital currency (CBDC). The confirmation was made by the governor of the bank Andrew Bailey in a webinar session with college students.