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CBDC

Understand the significance of central bank digital currencies (CBDCs) and their impact on the global financial system. Explore various national initiatives.

CBDC

Understand the significance of central bank digital currencies (CBDCs) and their impact on the global financial system. Explore various national initiatives.

CBDC   -   Nov 01, 2022 Reserve Bank of India Commenced “E-Rupee” Tests. What Is Under the Hood?
Reserve Bank of India Commenced “E-Rupee” Tests. What Is Under the Hood?

November 1, 2022 The first pilot of India’s CDBC, the e-rupee, commenced today. It will test the wholesale segment (e₹-W) in bond transactions with nine banks. The retail segment (e₹-R) is planned for launch within a month.

CBDC   -   Oct 27, 2022 Hong Kong CBDC System Prototype Aurum
Central Bank role and different CBDCs types correlation. Source: BIS report

The Bank for International Settlements Innovation Hub Hong Kong Centre and the Hong Kong Monetary Authority cooperated to create a two-tier CBDC system that mirrors the current Hong Kong currency system and features unusual CBDC-backed stablecoins.

China map with Digital Yuan (e-CNY) adoption phases
CBDC   -   Nov 11, 2022 China Expands Digital Yuan Project

China expands the e-CNY trials across four more provinces: Sichuan, Guangdong, Jiangsu, and Hebei. One of the first CBDCs in the world, China’s e-CNY is also showing great adoption rates.

Alex Harutunian
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CBDC   -   Nov 11, 2022 China Expands Digital Yuan Project
China map with Digital Yuan (e-CNY) adoption phases

China expands the e-CNY trials across four more provinces: Sichuan, Guangdong, Jiangsu, and Hebei. One of the first CBDCs in the world, China’s e-CNY is also showing great adoption rates.

Alex Harutunian
CBDC   -   Nov 01, 2022 Reserve Bank of India Commenced “E-Rupee” Tests. What Is Under the Hood?
Reserve Bank of India Commenced “E-Rupee” Tests. What Is Under the Hood?

November 1, 2022 The first pilot of India’s CDBC, the e-rupee, commenced today. It will test the wholesale segment (e₹-W) in bond transactions with nine banks. The retail segment (e₹-R) is planned for launch within a month.

Sasha Markevich
CBDC   -   Oct 27, 2022 Hong Kong CBDC System Prototype Aurum
Central Bank role and different CBDCs types correlation. Source: BIS report

The Bank for International Settlements Innovation Hub Hong Kong Centre and the Hong Kong Monetary Authority cooperated to create a two-tier CBDC system that mirrors the current Hong Kong currency system and features unusual CBDC-backed stablecoins.

Sasha Markevich
CBDC   -   Oct 20, 2022 SWIFT Experiments With CBDC. Model 2
SWIFT blueprint report on CBDC with legacy security token device

SWIFT completes another phase of its CBDC trials. The focus is on cross-border settlements between different CBDCs. The conclusion so far is that their existing systems can handle it.

Alex Harutunian
CBDC   -   Sep 30, 2022 The Future Monetary System From BIS
BIS Future Monetary System metaphor tree from the annual economic report

BIS devoted one third of its 2022 Annual Economic Report for the discussion of the Future Monetary System. In their vision, Central Banks will have the core role, adopting innovations of DLT, leading and supervising the ecosystem of banks, PSP and other participants.

Alex Harutunian
CBDC   -   Sep 27, 2022 Amazon is in a Group Selected by European Central Bank to Design the Digital Euro
Digital Euro

The European Central Bank chose five entities, including US internet behemoth Amazon, to prototype the frontend of digital euro project. The work will not be remunerated.

Alex Harutunian
CBDC   -   Sep 27, 2022 Nigerian fintech Flutterwave receives Central Bank's key payment license, promotes eNaira
Flutterwave logo with Nigerian National Bank background

The Central Bank of Nigeria (CBN) has granted Flutterwave, a switching and processing license for electronic payments, as the firm seeks to extend its services across the African country. Flutterwave made a significant effort to streamline adoption of eNaira

Alex Harutunian
Aug 30, 2022 E-Cash vs. CBDC in U.S.
E-Cash vs. CBDC in U.S.

Along with talking about CBDC, we may encounter such a concept as “E-cash”. Using the material taken from the OMFIF website, we tried to…

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