Qatar Central Bank Begins First Phase of CBDC Project
In addition to initiating the first phase of an experimental project, the QCB has finished building the infrastructure for a CBDC initiative.
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U.S. House Passes New Bill Banning Federal Reserve from CBDC Issuance
Key Takeaways On May 23, the U.S. House of Representatives passed the CBDC Anti-Surveillance State Act with a largely partisan vote of 216 to 192. The bill, introduced by House Majority Whip Tom Emmer (R-Minn.), aims to block the Federal…
Philippines Launches Sandbox Testing for Peso-Backed Stablecoin
The national stablecoin of the Philippines is pegged 1:1 to the local peso and will undergo supervised trials by the central bank.
National Bank of Rwanda Explores Potential of Tokenised Retail CBDC
Key Takeaways Countries around the world are becoming increasingly receptive towards central bank digital currency (CBDC). The latest country to join in on the CBDC bandwagon is Rwanda. A recent research report from the National Bank of Rwanda recommends a two-tier, universal, zero-interest CBDC…
New Zealand Explores ‘Digital Cash’ Issuance in Trial Run
New Zealand's Reserve Bank (RBNZ) has commenced a 101-day public consultation regarding the concepts and layout choices it developed for the nation's digital currency.
US Senators Voice Opposition to Joe Biden’s CBDC Plans
Five US senators have co-signed legislation calling for outlawing CBDCs to oppose the Biden administration's ambitions to introduce a "digital dollar."
Philippines To Launch Wholesale CBDC Within Two Years
Key Takeaways The Philippines is gearing up to introduce a central bank digital currency (CBDC) within the next two years, following the lead of other global regulators who have embraced digital tokens as an alternative to volatile cryptocurrencies. According to…
Central Bank of Spain Initiates Trials for Euro-Backed Stablecoin
The Bank of Spain is overseeing the beta testing of EURM, a stablecoin backed by the euro, which is being conducted by the Spanish fintech company MONEI.Â
Japan Targets CBDC Legal Clarity by Q2 2024
To debate a central bank digital currency (CBDC), the Bank of Japan (BoJ) and the nation's government convened for the first time.
UAE Executes First Digital Dirham Transfer through mBridge CBDC Platform
The UAE central bank used the mBridge CBDC technology to execute its first cross-border digital dirham transfer.
