CBDC

 

What is a CBDC?
A central bank digital currency (CBDC) is a new digital form of sovereign money. CBDCs are issued by the government, where monetary policies are still formed by the central bank.

Australian Senator Bragg Releases New Draft on Digitial Assets
Australian Liberal Senator Andrew Bragg proposed a new draft of the titled Digital Assets (Market Regulation) Bill 2022, aimed at regulating digital asset exchanges.
Jeff Bezos Amazon Among 5 Partners to Design Digital Euro Prototype
The European Central Bank (ECB), has confirmed Jeff Bezos's tech company AMAZON, as part of the five partners to design a digital euro prototype
Nearly 100 Countries are Developing their CBDC by July - IMF
According to the International Monetary Fund (IMF) report, as of July 2022, nearly 100 central bank digital currencies (CBDCs) are in the research or development stage around the world.
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".
Digital Assets Should be Regulated as Part of Banking Industry: Ex-Regulator
Financial experts are advocating for digital currency innovation and activities to be subsumed into the banking industry, a move that will let regulators permit their overall growth.
CBDCs Require Balance between Data Access & User Privacy Protection, HashCash CEO Says
CBDC would need a delicate balancing act between data access and user privacy protection in terms of taming illegal activities, according to HashCash Consultants CEO Raj Chowdhury.
Digital Dollar Project Floats Sandbox for Harness Potential CBDC Solutions
The Digital Dollar Project (DDP) has announced the launch of its Technical Sandbox Program that will make further exploration into the potential of the technical exploration of a US CBDC or the Digital Dollar.
China Guangzhou Public Transport Launches Digital RMB Payment Function
China's Guangzhou became the first city to launch a pilot function of a digital RMB payment code to pay for bus rides.
Nigeria’s eNaira Records 200,000 Transactions Worth Over $10 Million Since October
Based on eNaira’s success, Nigeria government is taking efforts to boost the functional capacity of the Central Bank Digital Currency (CBDC).
UK Group to Run Pilot Retail CBDC, Providing Data to Bank of England
The private consortium, called the Digital FMI Consortium, will carry out a real-world CBDC pilot with a ‘digital pound’ (dSterling).

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