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Running at the forefront of the digital finance game, China is persevering in familiarizing its citizens with its central bank digital currency (CBDC), the digital yuan (DCEP), on a large scale. China’s central bank, the People’s Bank of China (PBOC), released findings on its first round of extensive DCEP pilot testing held primarily across four cities last week, and last week, Shenzhen declared that it was distributing e-red packets to participating lottery winners to further real life usage and tests of the digital currency.

Japan is getting more serious about the digital yen.

Speech by Mr François Villeroy de Galhau, Governor of the Bank of France and Chairman of the Autorité de contrôle prudentiel et de resolution (ACPR), at the Fintech Forum, Paris, 12 October 2020.

China’s central bank, the People's Bank of China (PBOC), has teamed up with Shenzhen city to distribute DCEP worth 10 million yuan, approximately $1.5 million to residents.

The Bank of Japan (BOJ) has revealed its plan to kick start an early proof-of-concept on the issuance of its central bank digital currency (CBDC) next year.

CBDCs: Bank of Korea is reportedly planning to issue and circulate a central bank digital currency in 2021.

All 350 Deputies of the Spanish Congress have received Bitcoin as part of an educational campaign aiming to teach legislators about the uses and functions of crypto.

The Amsterdam Digital Asset Exchange (AMDAX) has secured the De Nederlandsche Bank (DNB) in line with EU Anti Money Laundering guidelines.

A group of seven central banks together with the Bank for International Settlements (BIS) today published a report identifying the foundational principles necessary for any publicly available CBDCs to help central banks meet their public policy objectives.

BIS joins with leading central banks to set out principles for deciding to issue CBDCs

Joint report by The Bank of Canada, European Central Bank, Bank of Japan, Sveriges Riksbank, Swiss National Bank, Bank of England, Board of Governors of the Federal Reserve and Bank for International Settlements.

China is promoting its central bank digital currency with a public $1.5 million giveaway.

In a recent document from the Bank of Japan, the central bank stressed the need for offline availability.

The BIS along with seven central banks has released a report identifying the principles necessary for CBDCs to help central banks meet their public policy objectives.

The report is a major step towards pushing central bank digital currencies forward.