CBDC is the acronym for Central Bank Digital Currency — which refers to state-backed projects to create digital currencies that can be controlled directly by central banks similar to fiat currencies. As of March 2022, 87 countries are exploring CBDCs on some level and some have announced official plans to issue their own digital currency.
UK says digital pound will not be a crypto as consultation period begins
However, the project's core ledger could be built on blockchain or DLT.
Chinese cities gives away $26.6M in Digital Yuan to drive adoption
During the 2023 Spring Festival holidays, several Chinese cities launched roughly 200 activities and distributed nearly 180 million e-CNY.
UK looks to launch digital pound by 2030, roadmap to be released soon
The Bank of England and the Treasury believe that the U.K. will "likely" need a digital pound amid declining cash usage.
Indian retail giant to accept CBDC payments for goods
Reliance Retail inserted in-store support to its gourmet food chain Freshpik as a first step and will implement it in its other branches.
Elon Musk downplays CBDC conspiracy chatter
Musk believes market forces will determine the success or failure of Central Bank Digital Currencies (CBDCs).
Digital Euro will be free to use, but privacy is up to legislators
Digital euro will be accessible to all, but lawmakers will decide how the Central bank will access personal information.
Spanish central bank approves digital Euro token EURM
Monei to issue El Banco de España digital currency pilot to last up to 12 months.
Digital euro can’t be programmable: Eurogroup
The asset must be automatically convertible, but its use can't be restricted.
Mexico CBDC likely delayed beyond 2024
The digital peso will seemingly not be ready by a previously stated deadline.
G7 economies move into development stage of CBDCs
G7 economies and over 20 additional countries are in development stages for CBDCs, according to the Atlantic Council.
Indonesia to set up cryptocurrency exchange to reform crypto regulation
In addition to reforming crypto regulation, Indonesia is also introducing a Central Bank Digital Currency (CBDC), alongside a national cryptocurrency exchange.
Turkey completes first digital lira transactions
The country's central bank will continue its tests in early 2023.
Less than 0.5% Nigerians have used the country’s CBDC e-Naira a year after its launch
The E-Naira has been live for 14 months and the Nigerian government is continuing to struggle with adoption despite the population's favorable stance toward crypto.
OpenCBDC to process 1.84M transactions per second as Boston Fed, MIT collab is complete
Researchers say that Project Hamilton has successfully produced a useful codebase.
ECB publishes new digital euro report, rollout decision in fall 2023
In its second report, researchers go into the practicalities of a digital euro, even addressing concerns over privacy through the non-inference of balances.
Indian central bank governor calls for crypto ban, champions CBDCs
The Indian central bank governor called for a ban on crypto and said the country should adopt CBDCs instead as they will reduce need for printing fiat currencies.
Nigeria set to recognize crypto as an investment class
The investments and securities amendment bill which passed the second hearing will allow the Nigerian Securities and Exchange Commission (SEC) to recognize cryptocurrency as capital for investment.