Their goal is to enable domestic and cross-border money transfer ... the money demand justified by the real growth in the economy (and thus create inflation). CBDC and the effectiveness of monetary ...

In designing central bank digital currencies (CBDCs), it is imperative that central banks carefully consider its legal foundations. As with any form of money, CBDCs require a solid basis under public ...

India's Reserve Bank deputy governor has revealed that transaction volumes using the nation's central bank digital currency (CBDC) have trended downwards since December 2023 – and may even have ...

South Korea is launching a CBDC trial with 100,000 consumers, using digital currency-backed deposit tokens for retail ...

The majority - 75% - still plan to issue a CBDC, with over half allocating more internal resources. The proportion of respondents expecting to issue a CBDC in the next three to five years has ...

A central bank digital currency, or CBDC, is a digital version of a region’s fiat currency, put out by the region’s monetary authority. CBDCs gained a significant spotlight in 2020 ...

"The BOT will assess the benefits and associated risks from the Pilot to formulate related policies and improve the CBDC design in the future." The country's goal with this move is to assess how ...

While Nigeria launched the e-Naira in October 2021, becoming the first African country to introduce a CBDC, Ghana has taken a ...

The Bank of Israel released a preliminary design proposal for a digital shekel (DS), Israel’s potential central bank digital currency (CBDC), despite no solid intent as yet for an official launch.

South Korea is launching a three-month CBDC test with 100,000 consumers who will use bank-issued digital tokens worth up to 1 ...

PayPal-backed Mintoak acquires Digiledge for $3.5M, marking India’s first CBDC-related deal, to enhance digital payment ...