Browsing: CBDC
Shanghai records a major step in digital finance by completing its first $14M e-CNY transaction for a cross-border gold purchase, showcasing the digital yuan’s expanding role in global trade.
Palau progresses to phase 2 of its digital currency program with Ripple, focusing on ecosystem development, user engagement, and regulatory compliance.
Bank of China Hong Kong completes its first cross-border digital yuan transaction, settling a $3.4M bulk commodity payment, marking a milestone in CBDC internationalization.
Kazakhstan’s digital tenge pilot proves successful, with plans in 2024 for broader applications, increased financial inclusion, and enhanced security features.
Ripple’s new white paper on CBDCs emphasizes their potential to enhance financial inclusion and streamline cross-border payments, despite regulatory challenges.
South Korea mandates interest on crypto deposits by July 2024, excluding NFTs and CBDCs, with new guidelines for secure handling and insurance protocols.
Taiwan’s central bank concludes wholesale CBDC study, explores Banking 4.0 integration. Fubon Bank engages in CBDC pilot projects with Ripple and Hong Kong.
Italy and South Korea join forces on CBDCs, fostering global collaboration for digital currency development and ICT solutions.
Kazakhstan officially launches the digital tenge, with the National Payment Corporation leading its integration into the global payment system.