Nearly 30% of central banks delay CBDC plans, survey shows
Nearly a third of central banks have delayed CBDC rollouts, but 75% still plan to issue one, a survey finds. A new survey from the Official Monetary and Financial Institutions Forum and Giesecke+Devrient shows that 67% of central banks haven’t changed their stance on CBDCs, even as nearly 30% have pushed back their timelines. But […]
Bank of Papua completes CBDC trials, seeks expanding cross-border payments
The Bank of Papua New Guinea has wrapped up its CBDC trial and is now considering next steps for digital payments beyond national borders. Authorities in Papua New Guinea are stepping up their central bank digital currency efforts, with the Bank of Papua New Guinea completing its CBDC proof-of-concept trial. The trial, done in partnership […]
Trump’s CBDC ban to boost crypto adoption, Musk’s dad plans $200M memecoin raise: Finance Redefined
Trump’s executive order may be a “game-changer” for institutional crypto adoption, signaling a presidential bet on the existing crypto ecosystem. Source link
Russia’s official backs CBDC as key tool for business to dodge sanctions: report
A Russian lawmaker has emphasized the digital ruble’s role in helping businesses bypass sanctions and streamline operations. Russia’s central bank digital currency — also known as the digital ruble — will simplify life for entrepreneurs, especially those impacted by sanctions, according to Artem Kiryanov, deputy chairman of the State Duma’s economic policy committee. In an […]
U.K. Central Bank opens Digital Pound Labs for CBDC test
The Bank of England plans to launch a sandbox to test a potential central bank digital currency or government-issued digital pound. On Jan. 14, the BoE published a progress report outlining possible use cases for a CBDC, business models, and a test phase roadmap focused on blockchain-powered payment systems. Dubbed the “Digital Pound Labs,” the […]
New Zealand’s CBDC consultation results show limited public enthusiasm
New Zealanders are not too excited about a central bank digital currency, with the Reserve Bank of New Zealand’s public consultation feedback revealing the majority view it as not important. On December 10, the Reserve Bank of New Zealand (RBNZ) released the results of its public consultation on a potential CBDC, which garnered feedback from […]
Norway’s financial task force urges cautious approach to CBDC: report
A Norwegian task force has advised against the immediate adoption of a central bank digital currency. A Norwegian advisory committee has recommended against the immediate adoption of a state-controlled digital currency, Bloomberg reported, citing the committee’s findings submitted to Finance Minister Trygve Slagsvold Vedum. The report urged policymakers to focus on developing the necessary regulatory […]
