CBDC

A Central Bank Digital Currency (CBDC) is a digital form of a country's fiat currency, issued and regulated by its central bank. It is designed to be a direct liability of the central bank, similar to physical cash, but in a digital format.

Why it’s in the news: CBDCs are in the news due to significant policy shifts, including a potential ban in the US and contrasting developments in countries like China and South Korea.

Latest on CBDC

• RBA concludes no case for retail CBDC in Australia
• China triples its e-CNY network in 2026 as 8 more banks join the CBDC push this week
• Bank of Korea prepares for live CBDC transactions with 9 banks in September
• Global Payments May Feel US CBDC Ban First
• US CBDC Ban Set to Become Law at Midnight
• U.S. government digital dollar set to be banned tonight under housing law's CBDC limit

Connections

9 entities linked to CBDC across the news graph.