Catenaa, Monday, March 24, 2025-The Australia government on Thursday announced plans to establish a ‘fit for purpose’ digital asset framework aimed at fostering innovation while ensuring consumer protection. The Treasury released a paper Thursday detailing efforts to regulate digital asset platforms (DAPs) and stablecoins, with input from industry leaders, regulators, and the public. The initiative […]
Catenaa, Saturday, January 18, 2025 – The Bank of England (BoE) has announced the launch of the Digital Pound Labs, a sandbox initiative to test a potential central bank digital currency (CBDC), also referred to as a “digital pound.” In a Jan. 14 progress report, the BoE outlined potential use cases for a CBDC, business […]
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 […]
Catenaa, Friday, April 03, 2025- A US House committee has approved legislation aimed at halting the Federal Reserve from issuing a central bank digital currency, escalating Republican opposition to a government-backed digital dollar. The House Financial Services Committee voted 27-22 on Thursday to advance the Anti-CBDC Surveillance State Act, sponsored by Majority Whip Tom Emmer, […]
Catenaa, Thursday, February 06, 2025 – Russia’s digital ruble rollout has reached a new milestone after the government and Central Bank completed a pilot using the central bank digital currency (CBDC) for budgetary payments, officials confirmed last Wednesday, January 29. The trial, conducted behind closed doors in late 2024, involved the Central Bank, the Treasury, […]
Catenaa, Wednesday, March 19, 2025- South Korea’s central bank will begin a large-scale pilot of its central bank digital currency (CBDC) project, named “Hangang,” in April, testing digital payments with 100,000 citizens and seven major banks. The Bank of Korea (BOK) announced the three-month trial, running through June, to evaluate whether tokenized deposits can streamline […]
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 […]