News

The Bank of Thailand launched a project to pilot test its CBDC payment system with the largest building material provider in the country.

The Bank of Thailand (BOT) announced its plans for a Central Bank Digital Currency (CBDC) prototype to be in effect by 2021. The BOT plans to begin the production of their prototype for a CBDC next

Singapore’s central bank is looking to join forces with China in exploring central bank digital currencies.

Project will see cement company using blockchain network to process suppliers’ payments

The Bank of Thailand (BoT) has announced the cooperation with the private sector to push forward the pilot project for “Inthanon”, a central bank digital currency (CBDC) payment system.

After weeks of dropping the term ‘digital dollar’ in discussions involving the US Congress and Federal Reserve without any confirmation on proceeding with a digital dollar project, US Federal Reserve Chairman Jerome Powell said in a virtual meeting streamed live on YouTube that the creation of a central bank digital currency (CBDC) should be reserved for the central bank and kept out of the private sector’s interference.

Federal Reserve Chairman Jerome Powell asserted that the private sector has no place in money issuance and by extension the development of a Central Bank Digital Currency (CBDC).

New acting head of U.S. bank regulator talks about innovation expands financial inclusion and the government’s role in building frameworks for crypto.

China comes up with yet another crypto-related plan to take on the hegemony of the U.S. dollar in international payments.

The Fed is looking at issuing a central bank digital currency, but can’t point to any concrete progress.

After announcing a 22-month pilot testing phase for the digital won in April this year, the Bank of Korea has hired a team of legal experts to explore the possibility of legal repercussions in the launch of Korea’s central bank digital currency (CBDC).

Led by China, four Asian countries are in the early stages of developing a joint digital currency. The currency will help keep the Dollar and Libra in check

The pandemic will have a lasting impact on consumer payment behaviour, panellists say

The Bank of Korea has tapped six experts to assess possible legal issues surrounding the launch of a central bank digital currency.

In a bid to keep up with global trends in the development of a Central Bank Digital Currency, South Korea launches a 6-man panel to review regulatory issues