Minsk, Belarus, Wednesday, February 14, 2024 – The central bank of Belarus, the National Bank of Belarus (NBB), confirmed plans to launch a blockchain-powered central bank digital currency (CBDC), the “digital Belarusian ruble (DBR),” by 2026. The move comes amidst ongoing economic constraints following Western sanctions imposed due to the Ukraine war. However, analysts caution […]

SHENZHEN, China, October 11, 2023- China opened an industrial park on Wednesday dedicated to the development of the digital yuan central bank digital currency (CBDC) in the southern city of Shenzhen. The park in the Luohu district is home to nine companies developing digital yuan-related products and services, including payment solutions, smart contracts, and tricky […]

Frankfurt, Germany, Tuesday, January 09, 2024- The European Central Bank (ECB) has issued five separate calls for applications to establish framework agreements with potential providers of components and related services for a digital euro, if and when it is launched. This move marks a significant step in exploring the development of a central bank digital […]

Seoul, Friday, November 8, 2024 – In a significant step forward for central bank digital currencies (CBDC), several major South Korean banks and retailers are collaborating with the Bank of Korea (BOK) in an extensive “real-world” pilot program. Leading banks such as Kookmin Bank, Shinhan Bank, and Nonghyup Bank, as well as retail giants like […]

Brussels, Monday, April 1, 2024-The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global messaging network for banks, is gearing up to launch a new platform for central bank digital currencies (CBDCs) within the next 12 to 24 months, according to a Press release issued by SWIFT. Earlier in September 2023, SWIFT completed a six-month […]