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HKMA launches second phase of digital Hong Kong dollar pilot program
Digital Currency

HKMA Kicks Off Second Phase of Digital Hong Kong Dollar Pilot Program

The Hong Kong Monetary Authority (HKMA) has launched the second phase of its digital Hong Kong dollar pilot, set to last for twelve months. HKMA Deputy Chief Executive Li Da-chi discusses the goals...

BlockchainGroup of Swiss banks collaborating on digital currency initiatives

Swiss Banks Unite to Investigate Digital Swiss Franc Initiative

Major Swiss banks, including UBS and Sygnum, are exploring a digital Swiss franc to innovate payment systems. Led by the Swiss Bankers Association, the initiative focuses on blockchain technology f...

Digital CurrencyHong Kong Monetary Authority launches e-HKD+ digital currency pilot program.

HKMA Unveils e-HKD+ Pilot Program for Digital Currency Innovation

The Hong Kong Monetary Authority (HKMA) has initiated the e-HKD+ pilot program's second phase to explore innovative digital currency solutions. This initiative focuses on tokenized deposits, offlin...

Bank of CanadaBank of Canada shifts focus from retail CBDC development to payments research.

Canada Moves Away from Retail CBDC Development Amid Changing Focus

The Bank of Canada has decided to scale down its retail CBDC development, redirecting efforts toward broader payment system research. While shelving the digital dollar for now, the bank remains ope...

CBDCIMF strategies for global CBDC adoption and REDI framework overview

IMF Proposes Key Strategies for Global CBDC Adoption

The IMF has released a new guide for enhancing global adoption of Central Bank Digital Currencies (CBDCs). The guide introduces the REDI framework, focusing on Regulation, Education, Design, and In...

Bank of CanadaImage depicting the Bank of Canada and digital currency research trends.

Bank of Canada Redirects Focus from Retail CBDC to Payments Research

The Bank of Canada scales down its retail CBDC efforts to prioritize broader payments research and policy development, while maintaining wholesale CBDC initiatives.