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

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.

Bank of KoreaIllustration of South Korea's tokenized deposit pilot involving modern banking technology.

South Korea's Upcoming Tokenized Deposit Pilot Programme in 2024

South Korea is set to launch a large-scale tokenized deposit pilot by late 2024, involving 100,000 participants. This initiative is part of the Bank of Korea's wCBDC program to enhance deposit sett...