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A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”
In October, two years after introduction, China's digital yuan transactions reached $14 billion (100 billion yuan). 261 million people possessed e-CNY wallets, according to a January PBOC study. Ch
After recently completing its first payment transactions using a central bank digital currency, the Turkish central bank is pushing ahead with more tests over 2023.
A traditional Chinese way of gifting money that’s gone virtual with the rise of digital payments has been introduced into the digital yuan wallet app.
Expect blockchain adoption to increase in the year ahead — in addition to the culture wars surrounding it.
The two-year project produced a white paper in February. Research results will continue to appear, with the Fed’s partner at MIT scheduled to make a research report in January.
While some governments continue bashing crypto, some industry executives argue that crypto could be beneficial for CBDCs.
PBoC’s mainland expansion of digital renminbi continues
Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown.
World’s largest crypto exchange working on crypto regulation in other central Asian states
The ECB is continuing its digital euro investigation with more pieces of the potential system filled in, but no commitment to blockchain technology or even its issuance has been made.
The slated law comes as Nigeria's eNaira has only managed to obtain a 0.5% adoption rate, a little more than a year after its launch in October 2021.
Kazakhstan’s central bank recommended making the in-house CBDC available as early as 2023 with a phased expansion of functionality and introduction into commercial operation until the end of 2025.
Governor says CBDC model should avoid flight from bank deposits
Central bank will not release wallet to the public but says it wants to “sharpen functional requirements”