The central bank of South Korea has chosen a blockchain subsidiary of local internet giant Kakao as a technology provider for its digital currency pilots.Read more
The European Central Bank, or ECB, joins the growing club of crypto-friendly financial institutions as it announces the decision “to launch a project to prepare for possibly issuing a digital euro.Read more
Affiliates of South Korean internet giants Naver and Kakao are among the top contenders to work on the country’s first central bank digital currency (CBDC) pilots.Read more
Research from European blockchain company Guardtime suggests that the current pandemic may have accelerated the launch of a major central bank digital currency by up to five years.Read more
Financial authorities in France and Singapore are actively exploring the cross-border applications of central bank digital currencies (CBDCs).Read more
The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official.Read more
Jamaica’s central bank will reportedly commence the initial roll-out of its central bank digital currency (CBDC) project in August.
According to a report by the Jamaica Observer on Wednesday, Bank of Jamaica (BOJ) Governor Richard Byles made this known during a Rotary Club event earlier in July.
Japan will have more clarity on the design of its central bank digital currency no earlier than late 2022, according to a ruling party official.Read more
Rishi Sunak, chancellor of the Exchequer for the United Kingdom, has included cryptocurrencies and stablecoins on the list of financial reforms the government plans to undertake in the next few years.Read more
China continues expanding the scope of its central bank digital currency (CBDC) by debuting digital yuan payments for transport services.Read more