The Central Bank of Sweden Released First Study of Digital Currency
Sweden’s plans to create a central bank digital currency might be more complicated than initially thought according to a new study published by the nation’s central bank. It estimated that the Scandinavian country could delay the release of the e-krona…
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Sweden’s central bank completes first phase of digital currency pilot
By Helen Partz
The Riksbank said that CBDC technology still requires further investigation. After completing the first phase of its digital currency pilot project, Sveriges Riksbank has found some critical issues that must be addressed before Stockholmers can buy coffee and kanelbullar with e-krona.In a…
Bank of Japan Set to Begin Experimenting with CBDC
By San Lee
Earlier today, the Bank of Japan (BOJ) announced that it began experimenting with the possibility of issuing its own central-bank digital currency (CBDC). The central bank first entertained the idea of a CBDC back in February. Now, the decision to…
Bank of Japan Begins Experiments on Issuing a Central Bank Digital Currency
The Bank of Japan has officially kicked off experiments on a proof of concept for its central bank digital currency. The first testing phase is already live and should be completed by March 2022. BOJ Takes a Swing at CBDC…
Bank of Japan begins first digital currency proof of concept
By Helen Partz
The first phase of Japan’s CBDC pilots will be completed by March 2022, the central bank states. The Japanese central bank has launched a proof of concept for its central bank digital currency, or CBDC, according to an official announcement…
High Bitcoin Price Increases the Demand for China’s CBDC, PBoC Said
When it comes down to developing a central bank digital currency (CBDC), perhaps no country is more advanced than China. Upon carrying out several tests in recent months, the People’s Bank of China said that the interest in the innovative…
Thailand’s Central Bank Plans To Start Piloting Its CBDC In 2022
By Brenda Ngari
Thailand’s digital currency project is progressing swiftly and the Bank of Thailand, the country’s central bank, is readying to start pilot tests in the second quarter of 2022. Thailand’s CBDC will be retail; meaning it will be for use by…
Bitcoin Price Surge Could Be Fueling Interest in Digital Yuan, Says PBOC
China’s central bank, the People’s Bank of China (PBOC) has stated there is increased interest in its upcoming central bank digital currency (CBDC) project, and this could be partly due to the recent surge in bitcoin price. Bitcoin Possibly Responsible…
Bank of Thailand to begin central bank digital currency tests in 2022
Thailand’s central bank is calling for public comments on its proposed plan to launch a sovereign digital currency within the next five years. The Bank of Thailand has set its agenda for a retail central bank digital currency with preliminary…