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Japan and France can be considered to be in the early stages of developing their central bank digital currencies (CBDCs) as compared to their regional counterparts. Both countries are adopting a cautious approach towards digital currencies in a time when others are forging ahead at full steam in the creation and launch of CBDCs. Now, as the need for the digitization of money presents itself more clearly than ever, Japan is considering speeding up the development process, while France is well on its way to fully experiment with a CBDC with eight selected financial institutions in the country.

HSBC and Euroclear among firms chosen to take part in CBDC experiments

The central bank of France is about to start several experimental trials centering the digital euro.

Thailand’s central bank, The Bank of Thailand (BOT), is progressing much faster than expected with the development and implementation of its central bank digital currency, the digital baht. The bank’s assistant governor Vachira Arromdee shared that it is planning to spread the use of the digital currency within more big businesses in the third phase of Thailand’s CBDC development.

Central bank opens sandbox to CBDC development in hopes of increased financial inclusion

Scammers promise high yields for people who allocate their money in a fake CBDC-related investment scheme.

Earlier this year, Banque de France, the French central bank launched a program of experiments to test out the potential central bank digital money aimed for interbank settlements. The program of e

Bank of Japan has announced the launch of a new CBDC research team, which will continue the work of its previous CBDC research team.

CBDCs: China and Japan continue to work on their respective digital currency projects, new reports confirm.

As the development of the digital yuan project progresses, the number of China’s largest companies testing the national cryptocurrency is rapidly growing.

The Bank of Thailand (BoT), Thai’s central bank, is already utilizing its central bank digital currency (CBDC) for financial transactions with various big businesses. This development ushers in the

Cypherium’s founder predicts that adoption of CBDCs for cross border payments will happen sooner than expected.

According to Bloomberg, the UK’s central bank, the Bank of England (BoE) is seriously considering a central bank digital currency. At this point, the bank remains undecided on whether it should create and launch a digital pound due to concerns of the large scale of its impacts on the UK economy.

Blockchain payments project Ubin can lay the financial blueprint for countries looking to explore crypto tech in a fully regulated manner.

The Bank of Thailand is looking to test the digital baht with Hong Kong’s central bank after piloting the CBDC with large businesses.