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Ethiopia to establish CBDC framework following new banking reforms approval

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Wahid Pessarlay As part of plans to liberalize the country’s financial landscape, Ethiopia’s Council of Ministers is moving toward introducing new banking...

Big Chinese banks announce involvement in mBridge CBDC project

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Gavin Lucas The Bank for International Settlements (BIS) recently announced that its mBridge cross-border CBDC project had entered the Minimum Viable Product...

Project Leonidas update: Italian banks complete wholesale CBDC trial

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Steve Kaaru The Italian Banking Association (ABI) has successfully completed a trial for the issuance of a central bank digital currency (CBDC)...

HSBC extends digital yuan services for corporate clients, eyes new use cases

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Wahid Pessarlay HSBC Bank (China) (NASDAQ: HSBC) has announced an expansion of its suite of digital yuan services to corporate clients ahead...

Russia to start using CBDC for international payments in 2025

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Steve Kaaru Central bank digital currency (CBDC) payments in international trade will be the norm within the next five years, says Anatoly...

BIS mBridge CBDC project enters MVP stage

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Gavin Lucas Project mBridge is one of the many exciting projects launched by the Bank for International Settlements (BIS), which announced that...

Most Germans remain unaware of what digital euro is: poll

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Gavin Lucas Central bank digital currencies (CBDCs) are coming thick and fast, but in the largest economy in Europe, most citizens don’t...

Digital yuan app removes ‘pilot’ from description, fueling speculation for production

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Wahid Pessarlay After nearly four years of experiments, it appears that China’s central bank digital currency (CBDC) is moving towards a full-scale...

Qatar launches CBDC testing for wholesale payments

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Steve Kaaru Qatar has launched a pilot for its central bank digital currency (CBDC), partnering with local and global banks to test...

Indian banks offer incentives to lift e-rupee use as wholesale CBDC usage plunges

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Pradipta Mukherjee India’s central bank digital currency (CBDC), or the e-rupee, saw a significant drop in usage in the wholesale segment during...

Israel’s digital shekel challenge targets innovative CBDC applications

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Steve Kaaru The Bank of Israel (BOI) has launched a digital shekel challenge to explore using the proposed central bank digital currency...

More details on Project Agorá—the plan to tokenize correspondent banking

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Gavin Lucas Correspondent banks act as middlemen between issuing and receiving banks globally. In the past decade or so, the number of...
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