Search Result for 'CBDC'

Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, announced Wednesday that it will launch a wholesale central bank digital currency (CBDC) pilot program to advance the country’s payment system. ...

Massachusetts Institute of Technology and Canada’s central bank, The Bank of Canada, are jointly collaborating on a 12-month Central Bank Digital Currency (CBDC) research project. Per the announcement, the two entities, MITMedia ...

On February 18, Rael Brainard, a governor at the Federal Reserve Board, called for expansive research and development of CBDC at the 2022 US Monetary Policy Forum, New York. In her speech ...

South Korea’s central bank, the Bank of Korea, announced on January 24 that it has completed the first stage of its pilot program on central bank digital currency that started in August ...

The Federal Reserve Board has released the long-awaited white paper of its own digital currency but remains non-committed on whether it would launch a CBDC or not. The central banking system has ...

Federal Reserve Chairman Jerome Powell recently answered several queries related to crypto-assets during a confirmation hearing for his second tenure as the central bank governor. In response to a question posed by ...

Caribbean island nation Jamaica, which started testing its CBDC in March 2021, announced on December 31 that it has concluded the first phase of the CBDC pilot program. The country’s central bank, ...

Jonathan Heath, deputy governor of the Banco de México, announced Thursday that Mexico is looking forward to launching its central bank digital currency (CBDC) by the end of 2024. The Presidency of ...

A recent report by the Reserve Bank of India, the country’s central bank, suggests that India should first incorporate a basic version of the CBDC model before moving on to more sophisticated ...

Thailand’s central bank, the Bank of Thailand, has no rush to introduce its CBDC plans after postponing the CBDC test phase to late 2022. According to a statement issued by the Bank ...