Chinese Central Bank: Inside Pilote Phase, Digital Yuan Has 261M Active Users
central Chinese

Chinese Central Bank: Inside Pilote Phase, Digital Yuan Has 261M Active Users

Source: Adobe/S.GvozdChina’s central People’s Bank of China (PBoC) has claimed over 261m users in the nation activated digital yuan wallets by the end of last year – in addition to the 20 million-plus who have downloaded its official pilot app, which was released to marketplaces in some cities earlier this month.In addition to the PBoC’s…

Swiss main bank completes pilot for CBDC settlement with industrial banks
central Swiss

Swiss main bank completes pilot for CBDC settlement with industrial banks

Home » Business » Swiss central bank completes pilot for CBDC settlement with commercial banks The Swiss National Bank (SNB) has successfully completed a pilot test in which it integrated its wholesale central bank digital currency (CBDC) settlement with commercial banks. The bank partnered with the Bank for International Settlements and five commercial banks on…

Bolivian Central Lender Bans Crypto, States Tokens Have No Invest Domestic Market
Bolivian central

Bolivian Central Lender Bans Crypto, States Tokens Have No Invest Domestic Market

Source: Adobe/SL-PhotographyThe Bolivian central bank has moved to “ban” the use of crypto in the nation – and has issued warnings about what it perceives to be the “risks” involved with investing in cryptoassets such as bitcoin (BTC).According to the Telam news agency, the Banco Central de Bolivia (BCB) has issued a “prohibition” on crypto…

Central bank of Bahrain trials JPMorgans blockchain and token
Bahrain central

Central bank of Bahrain trials JPMorgans blockchain and token

Bahrain’s central bank initially announced its JPM Coin trial in May 2021…

Kazakhstan main bank reveals electronic tenge pilot results
central Kazakhstan

Kazakhstan main bank reveals electronic tenge pilot results

Kazakhstan has released the results of a pilot program for its digital currency, the digital tenge. The National Bank of Kazakhstan (NBK) plans to share some of the results with stakeholders in July 2022. While the final decision on the launch will be taken in December 2022, and the final results of a comprehensive study will…

Russian Central Bank to Ban Bitcoin: Report
central Russian

Russian Central Bank to Ban Bitcoin: Report

The Russian central bank is seeking to prohibit citizens from investing in bitcoin and cryptocurrency out of concerns the activity would pose risks to the country’s financial stability, according to a Thursday report by Reuters.”The central bank is now in talks with market players and experts about a possible ban,” the report said. “If approved…

Central Banking institutions Test CBDC as ‘A number of Assets and Currencies’ Approaching For Them
Banks central

Central Banking institutions Test CBDC as ‘A number of Assets and Currencies’ Approaching For Them

Source: Adobe/Сергей ШимановичCompeting systems for settlement of “multiple assets and currencies” may emerge, and it is the job of central banks to ensure the maintenance of “equitable access” to central bank-issued money, a new report from the Bank for International Settlements (BIS) has said.“In the future, multiple settlement platforms could emerge, with multiple assets and…

Tanzania central bank really wants to develop own digital currency
central Tanzania

Tanzania central bank really wants to develop own digital currency

The Bank of Tanzania is looking at the feasibility of developing the country’s own central bank digital currency (CBDC). At a recent finance conference in Tanzania’s capital of Dodoma, central bank Governor Florens Luoga confirmed that the central bank is planning to expand its CBDC research and development team capacity. “To ensure that our country is not…

Chinese Central Lender: NFT, Metaverse Could Become Money-Laundering Tools
central Chinese

Chinese Central Lender: NFT, Metaverse Could Become Money-Laundering Tools

Source: AdobeStock / dule964The Chinese central bank’s anti-money laundering chief has spoken out about non-fungible tokens (NFTs) and metaverse projects – suggesting that there may be a need to regulate these sectors in the same manner as it polices cryptoassets.In two crackdowns (one in September 2017 and the second in September this year), the central…

Chinese Central Govt Really wants to Create Digital Asset Exchanges as CBDC Nears
central Chinese

Chinese Central Govt Really wants to Create Digital Asset Exchanges as CBDC Nears

Source: AdobeStock / RHJChina’s policy-forming State Council has announced that it wants the nation to launch Beijing-based digital asset exchanges to power the adoption of its forthcoming central bank digital currency (CBDC) project, the digital yuan.The council called upon financial bodies to speed up the pilots for the digital yuan and asked commercial banks in…