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CBDC
Israel Decision on Digital Shekel Won't Occur Before the EU's Call on Digital Euro: Reuters
As of May 2024, 134 countries or jurisdictions, representing 98% of global GDP, were exploring a CBDC.
China's Digital Yuan Isn't Taking Off Despite State Employee Salary Trial: Report
Most early users immediately transfer the digital yuan balances to their bank accounts to spend as cash.
Ex-Head of China's Digital Yuan Effort Facing Government Probe: Report
Yao Qian is reportedly being investigated for "violations of discipline and law."
New Zealand Starts Digital Cash Consultation
The consultation paper asked its citizens to respond on the digital cash design, whether or not interest should be paid and if there should be holding limits.
Hong Kong Starts New Phase of CBDC Testing
Phase 2 of the e-HKD pilot will be supported by the recently launched regulatory sandbox for testing wholesale CBDCs and tokenization, the Hong Kong Monetary Authority said.
AI-Linked Tokens Surge on Nvidia Hype; Nigeria's SEC Cracks Down on Crypto
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including the 25% surge in artificial-intelligence tokens over the past 24 hours, according to data tracked by CoinGecko. Plus, Nigeria's SEC updates guidelines for crypto firms in an attempt to stop "criminal activities." And, the latest announcement from Hong Kong’s Central Bank on a wholesale CBDC project.
U.S. Fed Chair Powell Says 'Nowhere Near' Pursuing CBDC, Won't Spy on Americans
The Federal Reserve chairman said his agency isn't anywhere close to making any recommendations and wouldn't want any direct connection to retail users' data.
Nigeria's Central Bank Enlists Gluwa Nigeria to Boost eNaira Systems, Adoption
Adoption of the central bank digital currency pales in comparison to cash use in the country.
Hong Kong’s Central Bank Announces New Wholesale CBDC Project to Support Tokenization Market
Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenized money," HKMA said.
Philippines Rules Out Blockchain for Wholesale CBDC Seen Likely by 2026: Report
The country's central bank does not plan on issuing a retail version of the digital currency.
