Bank of Korea wants to monitor crypto trading activity, cites monetary risks
South Korea’s central bank is the latest entity seeking powers to monitor crypto trading activity in the country. Go to Source Powered by WPeMatico
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Hong Kong to expand pilots for cross-border use of digital yuan
The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said. Go to Source Powered by WPeMatico
Bank of Israel Drafts Model of a Digital Shekel
The central bank of Israel has offered a glance at what a digitalized version of the national fiat currency may look like. According to a released “draft model” of the coin, Israelis should be able to use the digital shekel in payments, even offline, and convert it to cash at any moment. The Israeli central … Read more
Israel’s central bank floats possible digital shekel with new action plan
The bank has been exploring the introduction of a CBDC since 2017. Go to Source Powered by WPeMatico
China’s Digital Yuan Smart Card to Feature Biometrics and Fingerprint Scanning
The People’s Bank of China’s upcoming digital yuan card will feature IDEX Biometrics and fingerprint scanning, according to regional reports. China’s “Digital Currency Electronic Payment” or DCEP is getting closer toward launch by the day. Last week, smart card manufacturer Chutian Dragon and IDEX Biometrics announced the companies are working on a digital yuan payments … Read more
Bank of Russia Tests Services Related to Cryptocurrencies
Russia’s central bank has examined three platforms offering crypto-related services. The projects have been tested in its regulatory sandbox in the course of 2020. Bank of Russia has received dozens of requests to pilot various financial services since it created the closed regulatory environment around three years ago. CBR Pilots 3 Crypto Projects in 2020 … Read more
Kazakhstan Is Preparing the Launch of a CBDC Pilot With Private Financial Companies
Central bank digital currencies (CBDCs) are steadily becoming a serious discussion among governments globally, with Kazakhstan as the latest country unveiling its plans. The National Bank of Kazakhstan is making preparations to launch a CBDC pilot program soon. The National Bank Released a Public Consultation Paper According to the announcement published on their website, the … Read more
Fintechs Invited to Work on Georgia’s Central Bank Digital Currency
National Bank of Georgia (NBG) has issued a call for companies in the fintech sector, financial institutions and technology firms to support its efforts to create a digital currency. Georgia’s central bank wants to employ new technologies to raise the efficiency of the country’s payment system and promote financial inclusion. Georgia’s Central Bank Mulling Digital … Read more
Kazakhstan opens public consultation for central bank digital currency
The potential national digital currency in Kazakhstan is not intended to replace either cash or cashless payments, the central bank stressed. Go to Source Powered by WPeMatico
Georgia’s central bank is exploring ‘Digital Gel’ CBDC
The Republic of Georgia’s central bank has invited fintech firms and others to participate in the CBDC project. Go to Source Powered by WPeMatico