The digital euro could see the light of day in October 2025. In the meantime, authorities are focused on two key issues: privacy and holding limits.
A second report published by the European Central Bank (ECB) details the progress of the “preparatory stage of the issuance of the digital euro.”
Of…
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CBDC
Norway is considering launching a CBDC to stabilize its economy
The Central Bank of Norway is studying the measures necessary for the country's financial stability, including the launch of a CBDC that would contribute to improving cross-border payments.
Although the nation has given its support to the…
Central Bank of Peru launched first CBDC pilot project
A strategic partnership between the Central Reserve Bank of Peru and telecommunications company Viettel Perú, the South American country has launched its first CBDC pilot project.
The BCRP did not release details about this project.…
Peru will test CBDC with support from the IMF
Peru will begin pilot tests for a central bank currency, or CBDC, according to the recent announcement by the Central Reserve Bank of Peru.
The local institution has indicated that the main objective is to promote financial inclusion “as…
Central Bank of Chile will carry out new tests to issue digital currency
The Central Bank of Chile recently indicated that the tests started in May 2022 for the launch of a new digital currency will be expanded.
In the announcement made last Thursday, the Central Bank of the South American country indicated…
Ron DeSantis withdrew his candidacy for the US presidential race
Ron DeSantis, a staunch opponent of central bank digital currency (CBDC), decided to withdraw from the White House race. The politician expressed his inability to continue a campaign without a clear path to victory.
In an emotional…
IMF says CBDCs can promote financial inclusion
The speech by the director of the International Monetary Fund, Kristalina Georgieva, during the inauguration of the FinTech Festival in Singapore, was an exhortation to public institutions to prepare for the implementation of CBDCs as an…
China inaugurated the first industrial park dedicated to the digital yuan
In a significant development, China opened a pioneering industrial park aimed at developing the digital yuan ecosystem, which is also known as the central bank digital currency (CBDC), according to Chinese press reports.
This innovative…
Argentina sends CBDC project to congress
The Minister of Economy of Argentina, Sergio Massa, indicated this Monday that the country needs a digital currency, which is why he has sent the project for a CBDC to Congress.
Although there are no further details about a digital…
Honduras launches pilot for the creation of a CBDC
The Central Bank of Honduras (BCH in Spanish) is making significant progress towards the modernization of its financial system with the start of the pilot plan for a possible CBDC.
Central bank digital currencies are a safe, fast and…
Latin America at the forefront of CBDC adoption
Latin American and Caribbean countries are directing their economies towards the adoption of cryptocurrencies and CBDC, as an escape route from international sanctions, inflation, the devaluation of their official currency, among other…
Increased interest of central banks around the world for digital currencies
Central bank digital currencies, or CBDCs, are attracting increasing interest from the world's central banks, according to a study by the Bank for International Settlements (BIS).
The study by the Swiss-based body was published on Monday.…