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India’s CBDC has 5M users, RBI in ‘no rush’ to launch it

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Steve Kaaru India’s central bank digital currency (CBDC) now boasts over 5 million users and 16 participating banks in the pilot phase,...

Cambodia’s Bakong app boosts tourism by enabling payments for 3.3M locations

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Wahid Pessarlay The National Bank of Cambodia (NBC) has launched a new mobile payment system for tourists based on Bakong, the Southeast...

Ghana issues draft digital asset guidelines

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Steve Kaaru Ghana’s central bank has published new draft guidelines for the digital asset sector, requiring all virtual asset service providers (VASPs)...

Jamaica’s largest bank casts doubt on CBDC

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Steve Kaaru Jamaica’s National Commercial Bank (NCB), the only lender in the country currently offering a central bank digital currency (CBDC) wallet,...

Tokenized deposits gaining traction in India, central bank says

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Pradipta Mukherjee India’s growing adoption of blockchains and distributed ledger technology has bolstered support for tokenized deposits or digital representations of traditional...

Replacement of bank deposits by CBDC an area of key interest for deposit insurers: RBI

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Pradipta Mukherjee Deposit insurers or lenders that provide insurance to depositor funds against bank failures should take an interest in the degree...

Kyrgyzstan proposes new legislation to legalize CBDC

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Steve Kaaru Kyrgyzstan has proposed amendments to laws governing its central bank and the payments industry to pave the way for a...

European financial markets advocacy body suggests policy steps to scale DLT in capital markets

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James Field The Association for Financial Markets in Europe (AFME), an industry advocacy organization that represents wholesale market participants in Europe, has...

Cambodia’s central bank uses CBDC to stifle dollarization of local economy

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Wahid Pessarlay The National Bank of Cambodia (NBC) has recorded wins in its campaign against the dollarization of the local economy using...

Indonesia CBDC trial enters second phase

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Steve Kaaru Indonesia’s central bank plans to launch the second phase of its central bank digital currency (CBDC) trial this year, building...

Reserve Bank of India: CBDCs may reduce availability of cash deposits with banks

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Pradipta Mukherjee While central bank digital currencies (CBDCs) can open up a world of new opportunities, they can also reduce bank deposits,...

North Carolina House of Representatives overturns governor’s veto of bill banning CBDC

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James Field A bill that would effectively ban a United States central bank digital currency (CBDC) in North Carolina is back on...
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