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CBDC

Crypto News

South Korea to halt CBDC project; to focus on won-pegged stablecoins

Key Takeaways The central bank’s internal reassessment has shifted attention away from a state-issued digital won and toward regulatory frameworks for Korean won-pegged stablecoins. Participating banks...
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Crypto News

European Central Bank Sets Up Innovation Hub to Test CBDC as Preparation Phase Nears End

The European Central Bank (ECB) said it set up an innovation hub with 70 participants to test its digital euro project.The participants included start-ups,...
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Crypto News

Kyrgyzstan President Brings CBDC a Step Closer to Reality

Kyrgyzstan President Sadyr Japarov took his country a step closer to issuing its own central bank digital currency Thursday, signing legislation that gives the...
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Crypto News

7-Eleven Begins Accepting Bank of Korea’s Digital Currency in CBDC Trial

South Korea's 7-Eleven stores are now accepting the Bank of Korea’s central bank digital currency (CBDC) as part of a limited-time test that runs...
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Crypto News

Swiss National Bank Launches Pilot for Wholesale CBDC on Digital Exchange

The Swiss National Bank (SNB) has initiated a pilot program for a wholesale central bank digital currency (wCBDC) designed to facilitate the settlement of...
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Crypto News

European CBDC Needed to Counter Stablecoins, Non-European Big Tech: ECB Chief Economist

The chief economist at the European Central Bank (ECB), Philip Lane, said Europe needs a digital euro to counter the foothold that dollar-linked stablecoins...
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Crypto News

Bank of Israel Unveils Possible Design of “MultiPurpose” Digital Shekel CBDC

The Bank of Israel has put forward a possible design for a central bank digital currency (CBDC) should the decision be made to introduce...
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Crypto News

Trump Issues Executive Order on Crypto Working Group, Prohibits CBDC

Key Takeaways Trump signed an executive order to establish an internal working group tasked with fostering crypto innovation and development in the U.S. The order also...
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