The Reserve Bank of India is collaborating with central banks in Asia and the Middle East to expand the availability of its instant cross-border payments platform.  The Reserve Bank of…

Banco Central do Brasil (BCB) initiated the second phase of its central bank digital currency (CBDC) pilot project, which will focus on a trade finance solution using blockchain oracles.  Reps…

The government of Pakistan is proposing to legalize a central bank digital currency (CBDC) as legal tender.  Pakistan’s Ministry of Finance submitted several amendments to the State Bank of Pakistan…

The Hong Kong Monetary Authority (HKMA) is expanding its international links via Project Ensemble, a tokenization initiative. Banco Central do Brasil (BCB), with its Drex pilot program, and the Bank…

Authorities of the Kingdom of Eswatini in Southern Africa reported the success of their pilot project for a retail central bank digital currency (CBDC). The initiative aims to improve domestic…

Banco Central do Brasil (BCB) will test decentralized finance (DeFi) elements to accelerate tokenization adoption by local banks as part of a pilot project Drex, a central bank digital currency…

The Hong Kong Digital Dollar (e-HKD) pilot project entered a new phase to test cases related to asset tokenization, programmability, and offline payments. The Hong Kong Monetary Authority (HKMA) announced…

The International Monetary Fund (IMF) introduced a new approach to the global adoption of central bank digital currencies (CBDC) based on a four-phase concept to promote the use of CBDCs….

The Bank of Canada (BoC) suspended the development of a retail central bank digital currency (CBDC) in order to focus on regulating the payments sector and modernizing national payment systems….