Dec 21, 2022 — China's digital yuan project, a blockchain-based cryptocurrency for consumer and commercial finance, can no longer be considered a pilot.
3 days ago — China's central bank digital currency (CBDC) — the digital yuan, or eCNY — has received upgrades giving it smart contract functionality ...
https://www.scmp.com/tech/tech-trends/article/3207599/chinas-state-backed-blockchain-project-aims-be-swift-stablecoins-and-central-bank-digital-currencies
Jun 16, 2022 — The Bank of Israel is working with the Hong Kong Monetary Authority on a trial which will test a new digital currency, including against ...
Oct 25, 2022 — (Kitco News) - Over 100 countries are exploring Central Bank Digital Currencies or CBDCs, money that is denominated in fiat currency in an ...
Sep 26, 2022 — Australia's pilot for its digital dollar should to be completed by next year, the country's central bank has said.
Dec 8, 2022 — A central bank digital currency (CBDC) pilot program in Australia has received more than 140 use case proposals from the finance industry.
Sep 28, 2022 — The Swedish, Norwegian and Israeli central banks have launched a project with the Bank for International Settlements to test international .
Sep 10, 2021 — The country is rapidly becoming a cashless economy. · Riksbank authorities have clarified that the eKrona is not a cryptocurrency like Bitcoin or ...
Dec 1, 2022 — According to the Italy's proposed budget for 2023, all crypto profits ... all digital currency profits above €2,000 will be subject to a 26% ..
Dec 29, 2022 — Turkey's central bank announced today that it had completed the first set of tests for its long-planned digital currency.
Jan 2, 2023 — Shortly after its central bank completed its first CBDC tests, Turkey announced a blockchain-based digital identity application.
Sep 26, 2022 — After launching a digital rouble early next year, Russia plans to use the currency in mutual settlements with China as it seeks to reduce
Nov 1, 2022 — Skeptical Nigerians Aren't Sold On Africa's First Digital Currency. A look at adoption and acceptance of the eNaira one year after it was
Jan 14, 2023 — Tanzania's central bank said it's working toward a “phased, cautious and risk-based” introduction of a digital currency for the East African
Sep 13, 2022 — Individuals may not hold local currency whose value exceeds $57.00 ... as how digital currencies can provide Africans with an escape route.
Dec 13, 2022 — Brazil's central bank aims to launch its digital currency in 2024 after a closed pilot program next year with financial institutions, .
Brazil is set to launch a Central Bank Digital Currency (CBDC) in 2024, a move that could contribute to its status as an economic leader in South America.
Nov 9, 2022 — India's central bank has rolled out a pilot scheme for a digital rupee, which will have the same value and legitimacy as a banknote or coin.
The Reserve Bank of India (RBI) is set to launch a central bank digital currency (CBDC), also called Digital Rupee, in 2022-23. The announcement was m.
AND LAST BUT NOT LEAST....
Sep 27, 2022 — Key Takeaways · A U.S. CBDC will be the digital or electronic form of the dollar that acts as legal tender and is regulated by the government. · A ..
Dec 21, 2022 — Meanwhile, the US is still developing a digital currency, ... China's digital yuan project, a blockchain-based cryptocurrency for consumer
114 countries, representing over 95 percent of global GDP, are exploring a CBDC. In May 2020, only 35 countries were considering a CBDC. A new high of 60 countries are in an advanced phase of exploration (development, pilot, or launch).
In 2023, over 20 countries will take significant steps towards piloting a CBDC. Australia, Thailand, Brazil, India, South Korea and Russia intend to continue or begin pilot testing in 2023. The ECB is also likely to start a pilot next year
11 countries have fully launched a digital currency, and China’s pilot, which reaches 260 million people, is set to expand to most of the country in 2023. Jamaica is the latest country to launch its CBDC, the JAM-DEX.
18 of the G20 countries are now in the advanced stage of CBDC development. Of those, 7 countries are already in pilot. Nearly every G20 country has made significant progress and invested new resources in these projects over the past six months.
https://www.atlanticcouncil.org/cbdctracker/
n India, the decision to issue the digital version of cash was first announced by Finance Minister Nirmala Sitharaman while presenting the 2022 Union Budget in the Parliament. The Reserve Bank of India (RBI) launched the pilot for the retail digital rupee in four cities – Mumbai, New Delhi, Bengaluru, and Bhubaneswar. However, the project will be extended to some other popular cities, including Hyderabad.
According to data from the Atlantic Council, an American think tank in the field of international affairs, there are around 105 countries across the globe that are exploring digital currencies. Of these, 50 countries have so far reached the advanced phase, including India, and 11 countries already rolled out digital currency following successful pilot projects.
The Bahamas became the first currency in the world to officially launch a digital currency. The digital currency, Sand Dollar was launched in October 2020 across the country.
Nigeria was the second country in the world to launch CBDC after the Bahamas. It launched its digital currency named ‘eNaira’ in October 2022.
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