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South Africa (SARB) completes the technical proof of concept for the wholesale CBDC settlement system

The South African Reserve Bank (SARB) has completed a technological proof-of-concept for the initiative, bringing the country one step closer.

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The BIS is collaborating with four central banks to create multi-CBDC platform prototypes

The BIS Innovation Hub collaborated with central banks from Australia, Malaysia, Singapore, and South Africa to develop two prototypes for.

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The Philippines’ central bank intends to create a CBDC pilot program

The Philippines’ central bank governor announced the launch of a CBDC initiative at a joint event held by the Bangko.

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The United States is stepping up its research on the digital dollar

Since last year, the United States has been methodically designing its Digital Dollar, or central bank digital currency (CBDC). Following.

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The Bank of Israel (BOI) has stated that the adoption of CBDC will have no significant impact on the banking system

The Bank of Israel (BOI), Israel’s central bank, has stated that its examination of the planned digital shekel’s potential impact.

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The Bank of Russia maintains its anti-crypto stance as it begins to evaluate the country’s CBDC

The Russian Central Bank has begun experiments for its own CBDC. The statement comes as the central bank prepares to.

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Bank of Jamaica will launch the digital Jamaican dollar in 2022

According to Prime Minister Andrew Holness, Jamaica, an island country in the Caribbean Sea, plans to start its CBDC this.

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The Bank of Zambia expects to finish the CBDC study in Q4 of this year

In Q4 of 2022, the Zambian central bank aims to finish a research study on the benefits of implementing a.

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CBDC – National Digital Currency option is what Kenya is considering now

Kenya is the latest country to investigate the possibility of a national CBDC. According to the Kenyan Central Bank, the.

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Despite the CBN’s ban, Bitcoin P2P trading among Nigerians increased by 16 percent

The Nigerian Central Bank banned banks from assisting cryptocurrency transactions last year, citing the need to safeguard the economy and.

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