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ECB Proposes Three Models for Central Bank Money Integration on DLT
The European Central Bank (ECB) has unveiled a strategic framework proposing three distinct models for integrating central bank money (CeBM) into distributed ledger technology (DLT) environments. This initiative aims to…
ECB’s Isabel Schnabel Advocates for Central Bank Money on Blockchain
The European Central Bank (ECB) is exploring the integration of distributed ledger technology (DLT) into its core financial infrastructure to refine the implementation of monetary policy. Isabel Schnabel, a member of th…
Nigeria Unveils Comprehensive Virtual Assets Regulatory Framework
President Bola Tinubu has signed a landmark executive order focused on the oversight and management of digital assets within Nigeria. Effective immediately, this directive seeks to unify a previously fragmented regulato…
ECB Selects 36 Institutions for Digital Euro Pilot Starting in 2027
The European Central Bank (ECB) has reached a significant milestone in the development of its Central Bank Digital Currency (CBDC) by selecting 36 payment service providers (PSPs) to participate in an extensive pilot pr…
EU Parliament Moves Forward with Digital Euro Framework Negotiations
The European Parliament's Committee on Economic and Monetary Affairs (ECON) has officially approved a mandate to begin negotiations on the legislative framework for the digital euro. This decision marks a significant mi…
Bank of Korea Accelerates Deposit Token Commercialization Plans
The Bank of Korea (BOK) is intensifying its efforts to integrate deposit tokens into the national financial infrastructure, signaling a shift from experimental pilot programs toward full-scale commercialization. This st…
Bank of Ghana Bans Banks from Hosting Unlicensed Crypto Wallets
The Bank of Ghana (BoG) has issued a mandatory directive ordering all regulated financial institutions to immediately terminate support for unauthorized foreign currency digital wallet services provided by cryptocurrenc…
ECB Official Calls for Digital Euro to Counter Stablecoin Risks
Isabel Schnabel, a member of the European Central Bank (ECB) Executive Board, has emphasized that the most effective strategy for managing the expansion of stablecoins is the implementation of a digital euro. Speaking o…
Hong Kong CMU to Launch New Digital Asset Platform by 2026
The Hong Kong Monetary Authority (HKMA) has unveiled a comprehensive roadmap for the modernization of its financial infrastructure through the Central Moneymarket Unit (CMU). According to a briefing paper submitted to t…
NPC Deputy Proposes Law Revision to Formalize Digital Yuan Status
A deputy of the National People's Congress (NPC) has formally proposed an amendment to the central bank legislation of China to provide a solid legal framework for the country’s central bank digital currency (CBDC). Fu …