Brazil and Hong Kong Complete Landmark Blockchain Trade Pilot Using Chainlink
Cross-border test connects Brazil’s Drex and Hong Kong’s Ensemble CBDC blockchain networks, showcasing the future of automated, programmable trade finance.
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European Central Bank Advances EU CBDC Digital Currency Project to Next Phase
By advancing its digital‑euro project to the next phase, the EU European Central Bank joins the ranks of 70 + nations that have moved beyond the preparation stage of their central‑bank digital currency CBDC programmes.
Bridging The Worlds of CBDCs and Stablecoins: Will Payment Gateways Decide the Future of Digital Money?
While global financial regulators are torn between which form of digital money – CBDCs or private stablecoins – fits better into their monetary systems, payment gateways and digital wallet platforms may decide which digital currencies will stick.
Payment Industry Analysis 2025
Whether you’re looking for emerging payment technologies to integrate, struggling to understand shifts in consumer payment preferences, aiming to identify prospective regions or customer segments for paytech business expansion, or just want to evaluate market potential for your nearest digital payments strategy, payment industry analysis 2025 from PaySpace Magazine Global is just the right fit.
ECB Moves Forward with Digital Euro Rulebook, Expands Testing and Engagement
The ECB’s work on the digital euro remains in the preparation phase, with no final decision in place as to whether to launch it or not. However, the bank is working closely with national central banks, industry, and EU lawmakers to make sure everything is in place if the go-ahead is given.
ECB Accelerates Blockchain Efforts
The European Central Bank (ECB) is expanding its efforts to enable banks and financial institutions to use blockchain-based systems for transactions with central bank money.
Deutsche Börse CEO Says EU Needs Permanent CBDC
Stephan Leithner, chief executive officer of German securities marketplace Deutsche Börse, calls for financial reforms in the European Union, including establishing a permanent digital euro.
Huawei Integrates Chinese CBDC Into HarmonyOS NEXT
Huawei is embedding Chinese CBDC, digital yuan, directly into its HarmonyOS NEXT operating system, potentially reaching up to a billion users.
Ghana & Singapore Complete Cross-Border Transaction in Semi-Fungible Token Pilot Project
The Digital Economy Semi-Fungible Token (DESFT) Project between Ghana and Singapore is intended to encourage trade between MSMEs in these two countries.
Chinese Employees Cash Out CBDC Due to Lack of Utility
Although many state Chinese workers receive their salaries in “e-CNY” CBDC aka digital yuan, survey shows they seldom have chances to use it and often convert it all to physical cash.
SWIFT to Launch New Central Bank Digital Currency Platform
The SWIFT global banking messaging network has intentions of creating a new platform to connect multiple central bank digital currencies (CBDC) to the existing financial system.
Hong Kong Launches Wholesale CBDC Project
In Hong Kong, the local financial regulator announced the launch of the wholesale Central Bank Digital Currency (CBDC) project.
BIS to Focus on Cybersecurity, CBDCs and Green Finance in 2024
The Bank for International Settlements (BIS) announced its work program for the year, which includes six new projects exploring the issues of cybersecurity, fighting financial crime, CBDCs and green finance.
India’s Digital Currency Transactions Top One Million Daily
In India, in December, local financial institutions paid some benefits to their employees in digital rupees.
Central Bank of Nigeria Launches Naira-Pegged Stablecoin Pilot
The Central Bank of Nigeria (CBN) approves the Africa Stablecoin Consortium (ASC) to pilot cNGN (a stablecoin pegged to the value of Nigerian Naira) in its innovative Regulatory Sandbox.
Spain’s Central Bank Chooses Partners for CBDC Project
Cecabank, Abanca and Adhara Blockchain will experiment with central bank digital currency (CBDC), testing different use cases within the pilot of the wholesale CBDC by Spain’s central bank (Banco de España).
Central Bank Digital Currency (CBDC) News
Central Bank Digital Currency (CBDC) has recently been a hot topic in the financial world. As a result, many central banks worldwide are exploring the possibility of introducing their digital currencies, which their respective governments would back.
China has been leading the way in developing a CBDC, with their digital currency electronic payment (DCEP) already in the testing phase. Other countries are following suit, with the European Central Bank announcing that they will begin a two-year investigation into the potential for a digital euro. The Bank of Japan is also conducting research into a CBDC.
Proponents of CBDCs argue that they could increase financial inclusion, reduce the costs of transactions, and improve payment systems. However, there are concerns about privacy and the potential for CBDCs to be used for illicit activities.
Overall, the development of CBDCs is an exciting and rapidly-evolving area in the financial world, with many potential benefits and challenges to consider.
