Tag: CBDC

The Indian government has revealed it plans to launch a digital rupee in 2023 to deal with the growing demand for digital transactions in the country.

A report by the House of Lords’ Economic Affairs Committee has warned how a digital pound could harm financial stability, raise credit costs and erode privacy.

The Reserve Bank of India (RBI) has created a new Fintech department to deal with key challenges in the burgeoning sector.

With the rise of cryptocurrencies showing no signs of slowing down, the growth of central bank digital currencies (CBDC) appears to be another trend on the ascendancy. Will 2022 prove to be a red-letter year for CBDC adoption?

The Bank of England (BofE) has revealed it intends to launch a consultation to set out their assessment of the case for a UK central bank digital currency (CBDC) next year.

A joint report from J.P Morgan and Oliver Wyman has predicted up to $100bn annually could be saved in transaction costs through a central bank digital currency (CBDC) network.

The Central Bank of Nigeria (CBN) has unveiled its central bank digital currency (CBDC) eNaira in its pilot study named Project Giant.

Finance officials from the G7 have endorsed 13 public policy principles for retail central bank digital currencies (CBDCs).

The Hong Kong Monetary Authority (HKMA) has begun the first steps of exploring a central bank digital currency (CBDC) with the release of a technical whitepaper.

The Royal Monetary Authority (RMA) of Bhutan has teamed with cross-border crypto payment firm Ripple to pilot a central bank digital currency (CBDC) in the region.