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Kazakhstan’s digital tenge has the potential to provide “full transparency in movement of budgetary funds,” chairman at local anti-corruption service says.
Japan’s central bank has recently revealed that it has created a new team to research on Central Bank Digital Currencies.
Jamaica’s central bank has invited technology solution providers to develop and test a potential CBDC.
Chinese scammers are impersonating central bank digital currency testers in order to lure victims into fraudulent investment schemes.
With a market cap over $10B, Tether isn’t likely to be displaced by any central bank digital currency according to Paolo Ardoino.
The Banque of France has announced its selection of firms that will take the next step regarding a Central Bank Digital Currency or CBDC. According to a release, following the examination of the applications received on 15 May in response to the Banque de France's
Japan and France can be considered to be in the early stages of developing their central bank digital currencies (CBDCs) as compared to their regional counterparts. Both countries are adopting a cautious approach towards digital currencies in a time when others are forging ahead at full steam in the creation and launch of CBDCs. Now, as the need for the digitization of money presents itself more clearly than ever, Japan is considering speeding up the development process, while France is well on its way to fully experiment with a CBDC with eight selected financial institutions in the country.
HSBC and Euroclear among firms chosen to take part in CBDC experiments
The central bank of France is about to start several experimental trials centering the digital euro.
Thailand’s central bank, The Bank of Thailand (BOT), is progressing much faster than expected with the development and implementation of its central bank digital currency, the digital baht. The bank’s assistant governor Vachira Arromdee shared that it is planning to spread the use of the digital currency within more big businesses in the third phase of Thailand’s CBDC development.
Central bank opens sandbox to CBDC development in hopes of increased financial inclusion
Scammers promise high yields for people who allocate their money in a fake CBDC-related investment scheme.
Earlier this year, Banque de France, the French central bank launched a program of experiments to test out the potential central bank digital money aimed for interbank settlements. The program of e
Bank of Japan has announced the launch of a new CBDC research team, which will continue the work of its previous CBDC research team.
CBDCs: China and Japan continue to work on their respective digital currency projects, new reports confirm.