CBDC Interest Climbs Steadily Over Five Years, Google Trends Data Shows
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Google Trends data reveals a consistent increase in search interest for “CBDC,” which stands for central bank digital currency, over the past…
Chinese Gang Arrested for Exploiting Digital Yuan
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In Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days….
BIS Survey: 94% of Central Banks Exploring Digital Currency
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The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There…
Digital Yuan App Drops ‘Pilot’ Description, Hints at Change to Production Ready Status
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The digital yuan app, which services users of the Chinese CBDC, has dropped the ‘pilot’ label from its name without any announcement,…
BIS Plans Instant Cross-Border Payments Using Wholesale CBDC Settlement
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In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This…
China and UAE Praise Potential Role of CBDCs in Cross-Border Trade
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China and the United Arab Emirates (UAE) have acknowledged the crucial role of central bank digital currency (CBDC) in facilitating cross-border trade…
Bank of Israel Launches Digital Shekel Challenge
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The Bank of Israel has announced the Digital Shekel Challenge, inviting various entities — private companies, public sector organizations, and academic institutions…
Brazilian CBDC Pilot Postponed to 2025 Due to Inefficiency of Privacy Solutions
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The Central Bank of Brazil announced the postponement of the completion of the drex pilot, the Brazilian CBDC, due to the inefficiency…
US House Passes Central Bank Digital Currency Anti-Surveillance State Act
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The House of Representatives has passed Congressman Tom Emmer’s CBDC Anti-Surveillance State Act, which prohibits the Federal Reserve from issuing a surveillance-oriented…
World Bank to Issue CHF Digital Bond Settled Using Swiss Franc Central Bank Digital Currency
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The World Bank has announced that it will issue its first CHF digital bond on June 11. This 7-year, CHF 200 million…