South Korea to pilot CBDC with 100k citizens in late 2024
As per the Bank of Korea, citizens will only be able to use digital won to buy selected goods. South Korea is gearing up to launch its first pilot of …
CBDC
South Korea to Launch Digital Currency Pilot Program in 2024
In a move to modernize its financial infrastructure, South Korea is set to embark on a pioneering project involving digital currency. Commencing in the fourth quarter of 2024, the nation …
South Korea to begin digital currency pilot in late 2024 with 100,000 citizens joining experiment
South Korea to begin digital currency pilot in late 2024 with 100,000 citizens joining experiment One hundred thousand South Koreans will be able to use deposit tokens based on the …
Dtcpay in partnership to launch crypto payment network
Singapore-based startup Dtcpay is set to launch a new payment system tailored for both cryptocurrencies and traditional fiat currencies. Dtcpay reportedly entered into a strategic partnership with the open-source blockchain …
Kazakhstan Unveils Digital Tenge in Limited Pilot Mode With First-Ever Retail Transaction
Kazakhstan officially introduced its central bank digital currency (CBDC), the digital tenge, on November 15th, operating within a “limited environment with real users.” The National Bank of Kazakhstan initiated the …
Mastercard Highlights Difficulty in Wide Adoption of CBDCs
Mastercard’s blockchain and digital assets lead for Asia-Pacific, Ashok Venkateswaran, has expressed skepticism about the wide adoption of central bank digital currencies (CBDCs). This comes as countries globally explore CBDCs, …
Mastercard sees no justification for consumers to use CBDCs
Payments giant Mastercard says adoption is the most challenging part for state-issued digital currencies. The second-largest payment-processing provider, Mastercard, sees no prospects for central bank digital currencies (CBDCs) shortly, as …
Nobel’s charity trust to lobby CBDCs with new initiative
A newly formed organization will begin a dialogue among central banks to support adapting technical standards of different CBDC solutions. The Nobel Sustainability Trust (NST), a charity established by the …
Switzerland to launch CBDC pilot on SIX Digital Exchange
Switzerland’s central bank, the Swiss National Bank (SNB), has announced a pilot program for a central bank digital currency (CBDC) in collaboration with six commercial banks. The pilot is set …
China has completed testing for its privacy-first CBDC blockchain ‘mBridge’
Chinese official reveals details of its blockchain system for Currency Bridge, enabling atomic and cross-border payments with simultaneous forex settlement. During a key session at the FinTech Symposium in Hong …