Ripple to showcase tokenization with new CBDC platform in Hong Kong

Ripple has announced its participation in the digital Hong Kong dollar (e-HKD) central bank digital currency (CBDC) pilot program initiated by the Hong Kong Monetary Authority (HKMA). As part of the program, Ripple will showcase a real estate asset tokenization solution and unveil its new CBDC platform.

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Hong Kong launches pilot CBDC program

On May 18, the Hong Kong Monetary Authority (HKMA) officially initiated the e-HKD Pilot Program, a significant project under its ‘three-rail’ approach. This development is seen as a strategic progression towards a potential introduction of a retail Central Bank Digital…

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Ripple launches platform for central banks to issue digital currencies

Ripple Labs launched a new platform that allows central banks to issue their own digital currency. The firm will debut the platform at Hong Kong Monetary Authority's upcoming e-HKD pilot prograThe post Ripple launches platform for central banks to issue digital currencies appeared first on AMBCrypto.

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Australia marks first FX transaction using a CBDC as eAUD pilot continues

The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain.

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Mauritius planning to launch pilot project for retail digital rupee late this year

The governor of the Bank of Mauritius told a meeting of central bank technologists about the development of the island nation’s CBDC ambitions.

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Santa Cruz debuts digital blockchain wallet pilot program

Santa Cruz County, California takes a bold step toward modernization by implementing a blockchain-based digital wallet pilot program for government services and official documentation.

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California county approves blockchain-based digital wallet for gov't services

Santa Cruz voted to approve the use of a blockchain-based digital wallet for government services and official documentation and is set to begin a pilot program in July 2023.

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Foreign trade and pensions: What’s next for Russia’s CBDC project?

The Russian digital ruble pilot launch was delayed until at least May, but the government still hopes to kick off the currency in 2024.

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Ripple leveraged by Montenegro’s Central Bank for CBDC project

The Central Bank of Montenegro (CBCG) is collaborating with Ripple to develop a strategy and pilot program for the country’s first Central Bank Digital Currency (CBDC), or national stablecoin. The collaboration was announced in an April 11 press release. Its…

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India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources

Around 100,000 users have participated in the country's central bank digital currency pilot since it kicked off in December.

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ANZ Bank Completes Carbon Credits Trading as Part of Australia's CBDC Pilot

Australia and New Zealand Banking Group Limited (ANZ) has completed the first use-case of carbon credit trading as part of Australia's central bank digital currency (CBDC) pilot.

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Japanese Government to Create Panel to Explore Digital Yen

Coinspeaker Japanese Government to Create Panel to Explore Digital Yen While there is a plan to set up a panel in April, the Japanese government is also launching a pilot program for the digital yen in the same month.

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Russia Postpones Launch Of Digital Ruble

The scheduled trial of Russia’s digital ruble has been postponed; it was due on April 1. This is because the regulatory framework necessary for the pilot to proceed is yet to be adopted, as the state-owned news agency TASS reports.

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Russia delays digital ruble launch testing due to lawmaking process

The participating banks expressed their readiness to proceed with the CBDC pilot.

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Bank of Japan prepares for digital yen pilot program

The Bank of Japan has announced its readiness to explore the issuance of a central bank digital currency (CBDC) through a pilot program launching in April.

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India and UAE to Collaborate on Developing Digital Currencies

India and the United Arab Emirates (UAE) will collaborate on central bank digital currencies (CBDCs) by jointly conducting at least one pilot.

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CBDC Projects on a Roll: SWIFT Reports ‘Clear Potential and Value’ From Pilot Tests

Central Bank Digital Currencies or CBDCs developments continue to run in full swing. Of late, renowned banking institutions saw “clear potential and value” in SWIFT’s experimental CBDC Connector pilot tests.

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Swift’s phase two CBDC pilot program takes flight

Swift's phase two CBDC pilot program is set to revolutionize cross-border payments by exploring the potential benefits and challenges of integrating digital currencies with Swift's platform.

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CBDC: Brazil Central Bank Kicks Off Digital Currency Pilot Test

Brazil has started a pilot program for its Central Bank Digital Currency, or CBDC, becoming the latest country to experiment with the digital version of its national currency. The move is part of the country’s efforts to modernize its financial system and reduce the cost and time associated with traditional financial transactions.  The duration of […]

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Central Bank of Brazil announces experimental CBDC

Reuters said the Brazilian central bank has formally launched its CBDC experiment. The bank has specifically announced the beginning of its digital currency pilot project to imitate the success displayed by the rapid payment system, Pix. According to Fabio Araujo,…

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Australia’s Central Bank Selects CBDC Use Cases As It Prepares For Pilot Study

The Reserve Bank of Australia (RBA) published a report on Wednesday outlining its selected use case proposals of a central bank digital currency (CBDC) alongside their respective providers. This report serves as a follow-up to a collaborative research project with the Digital Finance Cooperative Research Centre (DFCRC), exploring the possible use cases of a CBDC […]

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Bank of Russia to Pilot CBDC in April

Digital ruble payments will be launched for retail purchases and peer-to-peer transactions, a central bank official said.

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Russia to roll out CBDC pilot with real consumers in April

Russia’s central bank is preparing to launch the first consumer pilot for the digital ruble in collaboration with 13 local banks.

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Bank of Japan to Launch Long-Awaited CBDC Pilot in April

The Bank of Japan announced the launch of the pilot for CBDC – Digital Yen in April 2023. It joins the roster of Asian countries issuing CBDCs. The post Bank of Japan to Launch Long-Awaited CBDC Pilot in April appeared first on BeInCrypto.

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Japan to conduct a pilot program for circulating digital yen 

Japan’s central bank announced on Feb. 17 that a pilot program to evaluate the usage of a digital yen would begin in April. The country joins a growing list of nations attempting to overtake leading China. The widely anticipated action…

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Japan to launch CBDC pilot program for issuance of digital Yen

Bank of Japan director Uchida Shinichi said that the apex bank would launch a central bank digital currency (CBDC) pilot program to test the use of digital yen from April. The post Japan to launch CBDC pilot program for issuance of digital Yen appeared first on CryptoSlate.

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The Bank of Japan to launch its CBDC pilot before May

The Bank launched a pilot program for “digital yen” in April after finishing its proof-of-concept testing, which began in 2021.

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Will Ripple Sign Singapore As Its Next CBDC Customer? This Is Why

Ripple has defined Central Bank Digital Currencies (CBDCs) as a key priority in its 2023 projections and goals, and already boasts notable collaborations with several countries. As Bitcoinist reported, in mid-January the fintech company landed the southeastern European country of Montenegro to pilot a digital stablecoin.

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Japan Will Launch Pilot for Issuing Digital Yen in April

Japan will launch a pilot programme in April to test the use of its version of the central bank digital currency (CBDC) known as the digital yen, its central bank said on Friday. The move comes after more than two years of proof-of-concept experiments by the BoJ around the digital yen.

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Japan Will Launch Pilot for Issuing Digital Yen In April

Japan will launch a pilot programme in April to test the use of its version of the central bank digital currency (CBDC) known as the digital yen, its central bank said on Friday. The move comes after more than two years of proof-of-concept experiments by the BoJ around the digital yen.

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India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50K users

The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said.

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Unpacking India's CBDC Pilots as Country Prepares for Digital Rupee

India wants to launch its central bank digital currency at a national level by the end of 2023, but early into its pilot, the Reserve Bank of India has identified challenges.

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Kazakhstan digital currency advances with Binance support

Kazakhstan's digital currency project is making progress as it moves into the pilot phase with the support of Binance and the National Bank of Kazakhstan.

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Kazakhstan’s digital currency in pilot stage, per Binance, National Bank joint report

The Central Asian country’s CBDC project is right on time, according to a 2020 roadmap, as consumers and merchants use the currency in a controlled environment.

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Ripple and Montenegro to launch a pilot project for digital currency

Global payment solution provider Ripple has teamed up with the Baltic nation of Montenegro to help develop its digital currency.

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Montenegro Joins Hands With Ripple To Pilot First National Digital Currency — Huge Boost to XRP?

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Montenegro launches a pilot project to build the first Stablecoin

Montenegro has announced a partnership with Ripple to launch a pilot project to create the country's first digital Stablecoin. Montenegro is a candidate country for EU membership whose applicatThe post Montenegro launches a pilot project to build the first Stablecoin appeared first on AMBCrypto.

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China’s Central Bank Expands Digital Yuan Pilots Across 17 More Provinces

The People’s Bank of China will continue to expand the pilot program for its digital yuan after having introduced the CBDC in 17 provinces. The post China’s Central Bank Expands Digital Yuan Pilots Across 17 More Provinces appeared first on BeInCrypto.

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Amid crypto winter, central banks rethink in-house digital currencies

In recent months, four countries that had previously initiated major CBDC pilot programs have scrapped their adoption plans altogether.

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Digital Yuan CBDC Pilot ‘Running Steadily,’ Affirms People’s Bank of China

The PBoC assured the public that the digital yuan (renminbi) pilot is running steadily. The CBDC is currently expanding its pilot areas and undergoing more developments. The post Digital Yuan CBDC Pilot ‘Running Steadily,’ Affirms People’s Bank of China appeared first on BeInCrypto.

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AXS price forecast after team revealed progressive decentralization strategy

Axie Infinity (AXS/USD), one of the largest blockchain-based games, has seen a spike in terms of its value. The team announced plans of progressive decentralization with the goal of handing control of the digital nation to the community, and they have boarded close to 700 active contributors known as Clinicians who will join the pilot.

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Reserve Bank of India Rolls Out Pilot Phase ahead of Digital Rupee Launch

Coinspeaker Reserve Bank of India Rolls Out Pilot Phase ahead of Digital Rupee Launch The RBI is test-running its digital rupee in numerous banks and Indian cities as it nears the official launch of the CBDC.

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India Set to Launch Digital Rupee This Week With Four Banks

The Indian digital rupee retail pilot is set to launch on Dec 1 with four banks in four cities. What does the crypto community have to say? The post India Set to Launch Digital Rupee This Week With Four Banks appeared first on BeInCrypto.

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Digital Yen CBDC Trial Set to Rollout With Major Banks in 2023

The Bank of Japan will roll out a pilot program for its central bank digital currency project to three major Japanese banks in spring 2023. The post Digital Yen CBDC Trial Set to Rollout With Major Banks in 2023 appeared first on BeInCrypto.

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The Reserve Bank of India to launch a retail CBDC pilot in December

The digital rupee is intended as a supplement to the current payment system and not its replacement.

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Indian central bank on track to launch retail CBDC pilot next month

The Reserve Bank of India (RBI), the country’s central bank, is finalizing the rollout of the retail digital rupee pilot, the Economic Times of India (ETI) reported on November 19. The post Indian central bank on track to launch retail CBDC pilot next month appeared first on CryptoSlate.

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New York feds and banking giants commence 12 weeks-digital dollar pilot

According to the latest news reports, the Federal Reserve Bank of New York and the Global banking giants are initiating a 12-week digital dollar pilot dubbed proof of concept (POC). The pilot aims to test the viability of using tokens…

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Big Banks, NY Fed Start to Test Digital Tokens for 'Wholesale' Transactions

A group of major banks have commenced a pilot project alongside the Federal Reserve Bank of New York to test the feasibility of using tokens representing digital dollars to improve how central bank money is settled between institutions.

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U.S. Banking Giants Start Digital Dollar Pilot

This comes after the U.S. Treasury Department recommended issuing a digital dollar in September

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