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Multiple Chinese city governments have given away millions worth of e-CNY to try to promote consumption around the holiday season.
The digital pound roadmap is reportedly set to be introduced next week, along with a joint public consultation.
The Central Asian country’s CBDC project is right on time, according to a 2020 roadmap, as consumers and merchants use the currency in a controlled environment.
Indonesia’s financial services regulator had hoped to set up the crypto exchange by the end of 2022, but this was delayed by a number of obstacles.
CCP officials want to see the e-CNY surpass $300 billion in transactions in 2023 through promotional efforts.
According to a job posting, HSBC is looking for a candidate who knows of digital assets, especially asset tokenization and custody.
Reliance Retail has implemented support for the digital rupee in its gourmet store line Freshpik.
Hainan’s market regulator wants to promote nonfungible tokens as part of the digital economy, but will actively work to weed out bad actors and speculative behavior.
Montenegro’s prime minister announced a central bank “digital currency or stablecoin” project with Ripple; the Balkan country currently uses the euro instead of its own national currency.
Visa began working on a blockchain interoperability project in September 2021 to support CBDC and stablecoin adoption but few updates have been made since.
Saudi Arabia’s central bank stressed that no decision has been made to launch a CBDC, but it will continue to research use cases.
A new role, “head of CBDC,” will help the United Kingdom to “explore the case for a digital pound,” although U.K. Bitcoiners would argue that might not be necessary.
The team lead will determine the “strategic direction” for Treasury’s efforts to develop a digital pound in line with the U.K. government’s agenda.