Tagged: cbdc testing

CBDCs: China to Expand Digital Yuan Pilot Program into other Cities, but No Confirmed Date for Official Virtual Currency Launch

April 19, 2021 @ 10:07 pm By Omar Faridi |

China is reportedly expanding its virtual yuan experiments to more local cities, however, there’s no exact timetable for its official launch, central bank Vice Governor Li Bo stated during an annual meeting on Sunday (April 18, 2021) of both Chinese and foreign policymakers, senior executives… Read More

Read more in: Asia, Blockchain & Digital Assets | Tagged cbdc, cbdc pilot, cbdc testing, cbdcs, central bank digital currencies, digital currencies, digital currency, li bo, mainland china, payments, virtual currencies, zhou xiaochuan

CBDCs: Bank of Japan Reveals it has Officially Begun Phase 1 of its Digital Currency Tests

April 5, 2021 @ 9:14 am By Omar Faridi |

The Bank of Japan (BoJ) revealed on Monday (April 5, 2021) that it has officially started Phase 1 of its central bank digital currency (CBDC) pilots and related experiments. The initial phase of testing will mainly focus on assessing the basic functions of CBDCs as… Read More

Read more in: Blockchain & Digital Assets, Asia, Politics, Legal & Regulation | Tagged bank of japan, cbdc, cbdc testing, cbdcs, central bank digital currencies, digital currencies, japan, virtual currencies