CBDC
Hong Kong HKMA Advances CBDC Development with Phase 2 of e-HKD Pilot
The HKMA has initiated Phase 2 of the e-HKD pilot program, focusing on the tokenization and programmability of digital currency.
U.S. Senate Bill Seeks to Limit Federal Reserve's Role in CBDC Issuance
A new Senate bill, dubbed the CBDC Anti-Surveillance State Act, proposes strict limitations on the Federal Reserve's involvement with CBDCs.
UAE Central Bank Pioneers Digital Dirham Transfer to China via mBridge
The UAE Central Bank achieved a significant milestone by executing its first cross-border digital dirham transfer worth 50 million dirhams ($13.6 million) to China using the mBridge platform on January 29, marking a new era in digital currency transactions.
Japan Accelerates Digital Yen Plans Amidst Global CBDC Race
Japan is advancing its plans for a digital yen, with the Bank of Japan set to pilot a CBDC program and the finance ministry preparing an expert panel to address legalities, signaling a significant shift in Japan's traditional cash-centric economy.
UK Advancing Towards a Digital Pound: Exploring CBDC Feasibility
The UK's Bank of England (BoE) and HM Treasury are advancing into the second phase of exploring the feasibility of a digital pound, also known as "Britcoin." A final decision is yet to be made, with a focus on user privacy and coexistence with cash.
BIS Advances Technology in Finance: Quantum, AI, and Green Initiatives for 2024
The Bank for International Settlements announces six innovative projects for 2024, focusing on quantum security, AI, and green finance, to enhance global financial system resilience.
US States Challenge CBDC as Legal Tender
Four U.S. states - Utah, South Carolina, South Dakota, and Tennessee - have filed bills to exclude Central Bank Digital Currencies (CBDCs) from their legal definitions of money, reflecting rising state-level resistance and concerns over privacy and federal overreach.
Bank of Spain Chooses Adhara, Cecabank, and Abanca to Test CBDC
Banco de España, Cecabank, Abanca, and Adhara Blockchain are launching a pilot program to explore the use of a wholesale Central Bank Digital Currency, aiming to simulate interbank payments.
ECB's Digital Euro Development: An In-Depth Look at the Rulebook's Progress
The European Central Bank's Rulebook Development Group is enhancing the digital euro framework, focusing on operational models, technical architecture, and participant rights for seamless integration into the financial system.
CBDC Surveillance Concerns Spark Legislative Action
Congressman Tom Emmer's CBDC Anti-Surveillance State Act aims to address surveillance risks in government-issued digital currencies, emphasizing privacy and autonomy in the evolving digital financial landscape.
