Philip Lane, chief economist of the European Central Bank, recently expressed urgency for the need to develop a digital euro—also known as a central bank digital currency (CBDC)—to compete ...

The growing popularity and widespread adoption of cryptocurrencies and digital payment systems, along with CBDCs, has led to a global conversation about the future of money. Canada is also looking ...

As cash use declines, central banks worldwide are introducing Central Bank Digital Currencies (CBDCs) - a new form of digital cash that could transform the global financial system. But is this a ...

The Central Bank of UAE on Thursday launched new symbols for the national currency, the dirham, in its physical and digital forms, which reflect its national identity and aspiration to become a ...

Donald Trump has officially banned the creation of a U.S. central bank digital currency (CBDC), but upon close examination, ...

A central bank digital currency, or CBDC, is a digital version of a region’s fiat currency, put out by the region’s monetary authority. CBDCs gained a significant spotlight in 2020 ...

The Bank of Israel released a preliminary design for a digital shekel, detailing its ecosystem, technical framework and regulatory considerations. The Bank of Israel released a preliminary design ...

Indian startup Mintoak, backed by global payments giant PayPal Holdings Inc. PYPL has acquired fintech player Digiledge, marking the first acquisition in the country’s developing central bank ...

The digital euro - which would be the EU's central bank digital currency (CBDC) - a digital token that a central bank issues - has been met with different viewpoints throughout the years.

The introduction of a central bank digital currency (CBDC) would represent a significant shift in Iraq's payment system, enhancing financial efficiency and supervision, according to Mazhar ...

a scenario where financial institutions substitute the central bank currency with a private digital currency like Libra could also reduce the capacity of the central bank to act as lender of last ...