Tag: Central Bank Digital Currency

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North Carolina governor vetoes anti-CBDC bill

James Field North Carolina Governor Roy Cooper has vetoed a bill that would have banned the state from implementing a U.S. Federal...

India’s Tata Consultancy Services, Sweden’s Crunchfish to deploy ‘Quartz solution’ for offline CBDCs

Pradipta Mukherjee India’s largest information technology service provider, Tata Consultancy Services (TCS), has entered into a partnership with deep tech company, Crunchfish...

India’s retail CBDC usage drops amid growing UPI popularity

Pradipta Mukherjee India is struggling to raise public support for its central bank digital currency (CBDC), or the e-rupee, as usage has...

North Carolina Assembly passes CBDC ban bill

James Field North Carolina’s General Assembly has passed a bill restricting the state’s government from using and accepting a Federal Reserve-issued central...

Louisiana passes Blockchain Basics Act, banning CBDC and protecting miners

Steve Kaaru Louisiana has become the latest American state to pass the Blockchain Basics Act, a law that protects digital asset owners...

ECB issues first digital euro ‘preparation phase’ progress report

James Field The European Central Bank (ECB) has published the first report on its digital euro preparation phase, including updates on offline functionality, holding...

Switzerland extends CBDC trial by 2 years after promising early results

Wahid Pessarlay After nearly nine months of experimenting with a wholesale central bank digital currency (CBDC), the Swiss National Bank (SNB) has...

Tencent to participate in mBridge MVP

Steve Kaaru Chinese tech giant Tencent (NASDAQ: TCTZF) will participate in the cross-border wholesale central bank digital currency (CBDC) project mBridge at...

IMF’s work on CBDCs and digital currencies is straining its budget

Gavin Lucas The International Monetary Fund (IMF) has been a major player in advising countries on policies related to CBDCs, digital currencies,...

Iran launches retail CBDC pilot on Kish Island ‘free zone’

James Field The Central Bank of Iran (CBI) announced the launch of a pilot scheme for Iran’s central bank digital currency (CBDC), the...

South Korea commits $14.5 million to experiment with CBDC, digital vouchers

Wahid Pessarlay South Korea is doubling down on its investments in blockchain technology as it seeks to maintain its innovator position in...

BIS: 9 new wholesale CBDCs to be launched by 2029 as retail CBDC interest wanes

Steve Kaaru Interest in retail CBDCs has dwindled significantly over the past two years, a new report by the Bank for International...

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