Bank of Israel Unveils Possible Design of ‘Multipurpose’ Digital Shekel
The central bank stressed that no decision has been made whether to issue a CBDC, therefore the design presented should only be considered a preliminary one
CBDC
Russian Central Bank Targets July 2025 for Widespread Digital Ruble Use
The central bank wants to promote the widespread use of the digital ruble.
Visa and Santander Selected by Brazil’s Central Bank for a Second Phase of CBDC Pilot
In May 2023, the BCB selected 14 participants for the first phase of the pilot.
Slovenia Becomes First European Union Nation to Issue Sovereign Digital Bond
The 30 million-euro ($32.5 million) bond was settled through the Bank of France’s tokenized cash system and coordinated by BNP Paribas.
Israel to Start Digital Shekel Challenge to Develop Payment Use Cases
Israel’s central bank is launching a challenge on the use of a central bank digital currency in payments as part of an “action plan for a possible issuance of the digital shekel.”
U.S. Congressman warns CBDCs ‘threaten to destroy the American way of life’
Congressman Tom Emmer spoke in the House of Representatives against Central Bank Digital Currencies (CBDCs), warning they are surveillance tools. … Continue reading
The post U.S. Congressman warns CBDCs ‘threaten to destroy the American way of life’ appeared first on Finbold.
China’s Digital Yuan Isn’t Taking Off Despite State Employee Salary Trial: Report
Most of the early recipients immediately transfer the digital yuan balances to their bank accounts to spend as cash.
Ex-Head of China’s Digital Yuan Effort Facing Government Probe: Report
Yao Qian is reportedly being investigated for “violations of discipline and law.”
New Zealand Starts Digital Cash Consultation
The consultation paper asked New Zealand citizens to respond on the digital cash design, whether or not interest should be paid and if there should be holding limits.
Hong Kong Starts New Phase of CBDC Testing
Phase 2 of the e-HKD pilot will be supported by the recently launched regulatory sandbox for testing wholesale CBDCs and tokenization, the Hong Kong Monetary Authority said.