The state financial institutions China Construction Bank (CCB) and Bank of Communications (Bocom), leaders in the banking sector, are increasing their efforts to expand their pilot programs on the Central Bank Digital Currency, CBDC, of China: the digital yuan or e-CNY.
The goal of banking…
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CBDC
India will work on its new CBDC
The Reserve Bank of India (RBI) will initiate the steps for the design and development of a “sovereign digital asset”. This was reported by the RBI governor, Shaktikanta Das, who admitted that they are expected to carry out the first tests…
Bank of Jamaica issues its first digital currencies
The Bank of Jamaica, BOJ, through its CBDC division officially announced the demonstration of the minting process of the digital currency, within the framework of a financial ceremony, where the Minister of Finance of Jamaica, Nigel Clarke,…
France and Singapore jointly test cbdc
The Bank of France and the Monetary Authority of Singapore (MAS) are jointly testing digital currencies issued by central banks, according to a joint statement.
Both institutions ensured that the cross-border settlement and payment…
Citibank joins the cryptocurrency market
Citibank reported that it is close to launching a digital asset service that will be aimed at certain clients, which will be called "Digital Assets Group."
This service, according to the banking institution, will include the main…
Chinese company JD.com will pay salaries in digital yuan
One of the largest e-commerce platforms in China, JD.com, has announced a new method of payment to its employees based on digital yuan, with the aim of contributing to the strengthening of the digital currency in the country.
The commerce…
The Caribbean will have a joint cbdc
At the end of March, the Eastern Caribbean Central Bank (ECCB) announced the launch of its own Dcash, which will initially circulate in four countries in the region.
Specifically, the digital currency is planned to join the economies of…
Spain launches its library of digital currencies
The Catholic University of Ávila (UCAV in Spanish) announced the launch of the first virtual library in Spain, intended for the exclusive study of central bank digital currencies.
The main objective of this space is to disseminate as much…
Bank of Russia works on digital ruble
The Central Bank of Russia has announced the start of pilot tests with the digital ruble for execution at the end of 2021, as reported by the entity's deputy governor, Alexey Zabotkin to local Prime news agency.
The senior executive…
Euro digital would arrive in five years
Experts from the European economic sector say that the first proof of concept of the digital euro could arrive between four and five years.
During a panel titled "Upgrading money to the digital age: Introducing the digital euro", the…
Brazil announces it works on its own CBDC
The Brazilian Minister of Economy, Paulo Guedes, announced this Thursday that the Central Bank authorities are working on their own CBDC, or digital currency of the central bank.
Although details of the digital version of the Brazilian…
France selects ConsenSys to develop its digital currency
ConsenSys was selected by the Central Bank of France for the development of its own digital currency. The Ethereum incubator would provide the technological support and knowledge in this area. The work has been entrusted to the Société…