Round-Up of CBDC News

As a reminder, CBDC announcements were made in May relating to Brazil, Georgia, Japan, Kazakhstan, Norway, Pakistan and Russia and in June to Indonesia, Korea, Mauritius, South Africa and Thailand.

This month Hungary has issued a study as a first step in researching CBDCs, the State Bank of Vietnam (SBV) has been asked by the Prime Minister to study and carry out a pilot implementation for cryptocurrency based on blockchain technology, and a law has been passed in Ukraine putting a a future Ukrainian CBDC on the same level as other payment instruments, paving the way for the adoption of a CBDC if the country decides to do so.

Bank of Jamaica CBDC Trial Starts in August

The Governor of the Bank of Jamaica has announced the start of a pilot project in August to test the technical dimensions of a CBDC system.