#cbdc News & Analysis

Senate Approves Temporary Federal Reserve CBDC Ban Through 2030

America’s CBDC Faces Ban Until 2031 Following Senate’s Latest Move

Piero Cipollone: Central bank money for the digital era

Piero Cipollone discusses the evolution of central bank money in the digital economy, addressing how monetary systems must adapt to technological changes. The analysis examines the role of central bank digital currencies (CBDCs) and digital payment systems in modernizing financial infrastructure for contemporary economic needs.

Trump refuses to sign law with U.S. CBDC ban, demands approval of elections bill

President Trump blocked the signing of a bipartisan housing bill containing a CBDC prohibition clause, cancelling the signing ceremony and demanding Congressional approval of an elections bill instead. This move signals Trump's opposition to the CBDC ban and his willingness to leverage legislative priorities against cryptocurrency-related provisions.

Chainlink and Global Banks Launch Project Pangea to Rebuild Cross-Border FX Settlement

Project Pangea brings together 47+ European and Korean banks to modernize cross-border foreign exchange settlement using stablecoins and blockchain technology. The initiative leverages Chainlink's infrastructure (CCIP, Data Streams, Runtime Environment) alongside FairSquareLab's Pangea L1 blockchain to enable real-time, atomic T+0 FX transactions, with Qivalis's euro stablecoin consortium providing the EUR settlement layer.

Digital Euro Clears Key Parliament Hurdle As Europe Pushes CBDC Plan Forward

The European Central Bank's digital euro project advanced through a key parliamentary vote, signaling Europe's commitment to developing a central bank digital currency (CBDC). This move positions the EU differently from the US approach to digital currency regulation and reflects accelerating CBDC adoption globally.

European Parliament Committee Advances Digital Euro Framework in Historic Vote

The European Parliament's economic committee voted 43-14 to advance a Digital Euro framework that establishes privacy protections and aims to reduce dependence on Visa and Mastercard. This historic vote represents a significant step toward EU monetary sovereignty in digital payments and signals growing regulatory momentum for central bank digital currencies in Europe.

ECB pushes digital euro forward as U.S. Senate blocks CBDCs

The European Parliament has advanced legislation for a digital euro, positioning the EU to launch a central bank digital currency, while the U.S. Senate simultaneously moves to restrict CBDC development. This divergence reflects competing regulatory philosophies toward digital currencies between major economic blocs.

Chainlink, Korean and European banks launch Project Pangea for real-time euro won stablecoin settlement

Chainlink has partnered with Korean and European banks to launch Project Pangea, a blockchain initiative enabling real-time settlement of euro-won stablecoin transactions. The project aims to streamline cross-border payments, reduce settlement risks, and integrate distributed ledger technology with traditional banking infrastructure.

Digital Euro Takes Major Step Forward After Crucial EU Vote

The European Parliament's ECON committee approved the digital euro legislative package with a 43-14 vote, advancing preparations for a potential 2029 launch. The framework emphasizes that a digital euro would complement rather than replace cash and supports both online and offline payment capabilities.

European Central Bank advances digital euro after key Parliament vote

The European Central Bank has advanced the digital euro project following a key European Parliament vote, signaling accelerated progress toward a central bank digital currency (CBDC) for the EU. This development could fundamentally reshape payment infrastructure across Europe while creating competitive pressure on stablecoins and traditional banking models.

The digital euro takes a massive step forward after winning a crucial European Parliament vote

The European Parliament has approved a legal framework for a digital euro, targeting launch by 2029. This move represents Europe's strategic effort to reduce dependence on U.S.-dominated payment systems and stablecoins, establishing a state-backed alternative to maintain monetary sovereignty.

European Central Bank supports digital euro, advances legislative preparations

The European Central Bank is advancing legislative preparations for a digital euro, signaling official support for a central bank digital currency (CBDC) that could fundamentally reshape Europe's financial infrastructure. The development poses significant competitive pressure to private stablecoins and has broader implications for cryptocurrency market dynamics across the continent.

What is a CBDC? A complete guide for 2026

Central bank digital currencies (CBDCs) are digital forms of fiat money issued directly by central banks as alternatives to private stablecoins. By 2026, global consensus on CBDC adoption has fractured sharply, with countries taking divergent approaches that reflect broader geopolitical and monetary policy divisions.

Digital Euro Moves Forward: Europe’s Plan to Challenge Visa and Mastercard Dominance

The European Parliament is advancing plans for a digital euro with a targeted 2029 launch, aiming to establish an independent payment infrastructure that reduces eurozone dependence on U.S.-dominated platforms like Visa and Mastercard. This initiative represents a significant strategic shift toward financial sovereignty and digital payment autonomy in the EU.

EU Parliament committee clears path for digital euro legal framework

The EU Parliament committee has advanced the digital euro legal framework, moving closer to implementation of a central bank digital currency (CBDC). This development signals the EU's commitment to creating a digital payment infrastructure that could reshape financial systems by challenging traditional banking models while expanding regulatory oversight.

Senate CBDC ban puts Fed digital dollar on ice until 2030

The U.S. Senate has passed a housing bill containing a four-year ban on Federal Reserve CBDC development, effectively delaying a digital dollar implementation until 2030. The legislation now advances toward House consideration and potential presidential signature, representing a significant legislative obstacle to near-term central bank digital currency rollout.

China bridges domestic and offshore yuan markets while tightening grip on digital currency

China is integrating its domestic and offshore yuan markets while simultaneously strengthening state control over digital currency infrastructure. This strategic move aims to enhance the yuan's global liquidity and international adoption while positioning China's central bank digital currency (CBDC) as a competitor to decentralized stablecoins.

U.S. Senate passes housing bill that carries four-year ban on a Fed CBDC

The U.S. Senate has passed a housing bill that includes a four-year ban on Federal Reserve development of a central bank digital currency (CBDC). This legislative action formally restricts CBDC research and development at the Fed, marking a significant political hurdle for potential digital dollar initiatives.

South Korea’s Central Bank Advances Digital Currency Token Testing Phase

South Korea's Bank of Korea has expanded its digital currency token pilot program to include peer-to-peer transfers, merchant payments, and government vouchers as it advances toward commercial deployment. This testing phase represents a significant step in the central bank's CBDC development strategy, bringing the digital won closer to real-world functionality.

Bank of Korea advances CBDC deposit token initiative to test real-world usage: report

South Korea's central bank has progressed its CBDC initiative into phase two, moving from theoretical development to practical implementation by integrating deposit tokens into existing banking infrastructure. This advancement signals growing confidence in digital currency technology and represents a significant step toward real-world CBDC deployment.

Bank of Korea advances deposit token project toward full-scale deployment

South Korea's central bank and participating financial institutions are advancing plans for deposit tokens toward full-scale deployment, moving beyond pilot phases. The initiative aims to establish operational frameworks for continuous token-based deposit systems, signaling growing institutional acceptance of blockchain-based financial infrastructure in Asia.

Nigel Farage urges Bank of England to abandon digital pound plans

Nigel Farage has publicly called for the Bank of England to abandon its digital pound (CBDC) initiative, citing concerns over state control of money. His opposition reflects a broader ideological divide between those favoring decentralized cryptocurrency solutions and governments pursuing centralized digital currency systems.

HKEX And HKMA Test e-HKD For After-Hours Derivatives Margin Payments

Hong Kong's stock exchange (HKEX) and monetary authority (HKMA) have jointly initiated a pilot program testing e-HKD, a wholesale central bank digital currency, for after-hours derivatives margin payments. This live market infrastructure trial represents a significant step toward integrating CBDC technology into existing financial settlement systems and demonstrates Hong Kong's commitment to blockchain-based financial innovation.

Piero Cipollone: The foundations of national sovereignty: the role of central bank money

ECB official Piero Cipollone addresses the relationship between central bank money and national sovereignty, examining how monetary systems underpin state autonomy. The speech explores the foundational role of fiat currency in maintaining economic independence and institutional credibility.