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” Laotian CBDC proof of concept project to launch using system pioneered in Cambodia “ Japanese financial software firm Soramitsu has announced the signing of a memorandum of understanding with the Bank of the Lao People’s Democratic Republic Payment Systems Department on the launch of a proof-of-concept project for a Laotian central bank digital currency…
” UK’s digital pound would modernize payments but won’t replace cash: Minister “ The Bank of England (BoE) and U.K. Treasury are gearing up plans to create a digital currency that could “provide a new way to pay” without necessarily replacing cash. On Feb. 7, a joint consultation paper on Central Bank Digital Currencies (CBDCs)…
” China doles out millions in digital yuan in bid to boost adoption: Report “ Millions of dollars worth of China’s Central Bank Digital Currency (CBDC) has been handed out across the country over the Lunar New Year period in a bid to boost its takeup. According to a Feb. 6 report in the Global…
” UK is ‘likely’ to need digital currency, says BoE and Treasury: Report “ The Bank of England (BoE) and Treasury believes the United Kingdom is likely to need to create a central bank digital currency (CBDC) by 2030, according to a Telegraph report on Feb. 4. The “digital pound” roadmap is set to be…
” Kazakhstan’s digital currency in pilot stage, per Binance, National Bank joint report “ The National Bank of Kazakhstan (NBK) has launched a digital tenge pilot project, according to a report published jointly by the bank and Binance on Feb. 3. The report looked at global approaches to digital asset regulation, the digital asset industry…
” Indonesia targets launch of its national crypto exchange by June “ Indonesia’s Ministry of Trade is reportedly aiming to roll out a national crypto exchange by June this year, six months after its previous target of December 2022. Trade Minister Zulkifli Hasan shared the new target launch date on Feb. 2 at the opening…
” Chinese Communist Party officials issue KPIs for e-CNY transactions in Suzhou “ According to local news outlet JS China, on Feb. 1, an annual meeting regarding the trial of the digital yuan central bank digital currency (e-CNY CBDC) was attended by senior Communist Party officials in the City of Suzhou. As part of the…
” Indian retail chain rolls out support for CBDC payments in stores: Report “ One of India’s biggest retail chains, Reliance Retail, announced that they have started accepting the digital rupee at one of its store lines and plans to extend the rollout to all its businesses. In a report by Tech Crunch, the company…
” HSBC needs someone to helm its tokenization efforts “ HSBC, the British multinational bank that manages the largest amount of assets in Europe, doubled down on its interest in digital currencies. The bank is looking for a top executive to work with asset tokenization. On Jan. 30, HSBC opened the GPBW product director of…
” China’s Hainan to boost NFT oversight as digital yuan trial ramps “ Authorities from the Hainan province in southern China have vowed to increase oversight on the nonfungible token (NFT) sector to “promote the healthy development” of the sector and to stomp out fraud and other associated risks. In a separate announcement, the People’s…