China’s Central Bank Digital Currency Struggles Amid Slow Adoption
China’s push to implement a Central Bank Digital Currency (CBDC) known as the digital yuan, or e-CNY, is marked by a challenging landscape of slow adoption among the population. Launched in 2020, China’s digital currency aims to modernize its payment…
Central Bank of Norway Considering CBDC Decision by 2025
As one of Europe’s leading cashless nations, Norway is at a crossroads in its monetary policy. The Central Bank, Norges Bank, has announced that a decision regarding the potential introduction of a Central Bank Digital Currency (CBDC) will be made…
Privacy Concerns Rise as UK Plans Digital Currency Pilot
As the Bank of England prepares to trial a Central Bank Digital Currency (CBDC) in 2025, a wave of privacy concerns is sweeping through the public and expert communities. While the initiative aims to modernize the UK’s financial landscape, questions…
SWIFT expands into digital currency space
SWIFT, the global financial messaging service, is poised to make significant strides in the digital currency domain with its upcoming trials. Scheduled for 2024, these trials will focus on live transactions involving tokenized assets and digital currencies across various platforms….
Canada Pauses CBDC Project Following Public Disinterest
In an era where digital currencies are rapidly gaining traction, Canada’s central bank has decided to halt its Central Bank Digital Currency (CBDC) initiative. This decision comes after extensive public consultations and research, revealing a significant lack of interest from…
Major Banks Collaborate on New Digital Currency Platform
In a significant development within the financial sector, forty of the world’s leading commercial banks have initiated a digital currency pilot program known as the Agora project. This collaboration, which includes the New York Federal Reserve as well as central…
