Bank of Japan to Test Blockchain for Reserve Settlement
Bank of Japan Governor Kazuo Ueda said the central bank will test blockchain-based systems for reserve settlement and explore tokenized central bank money.
Bank of Japan Governor Kazuo Ueda said the central bank will test blockchain-based systems for reserve settlement and explore tokenized central bank money.
A Senate housing bill amendment would prohibit the Federal Reserve from issuing a US central bank digital currency through 2030, reviving prior legislative efforts.
Bundesbank President Joachim Nagel advocates euro-denominated stablecoins and wholesale CBDCs to support the euro’s global role and mitigate risks from USD-pegged counterparts.
Bank Negara Malaysia has introduced a regulatory sandbox to pilot ringgit stablecoins and tokenized bank deposits for wholesale settlement.
European lawmakers endorsed the European Central Bank’s digital euro project, framing it as a strategic tool to strengthen monetary sovereignty and reduce reliance on foreign payment providers.
An ECB executive said the digital euro is becoming a strategic necessity as geopolitical tensions expose Europe’s reliance on non-European payment systems.
Debates at the World Economic Forum highlighted growing tensions between private-sector tokenization, Bitcoin-based monetary visions, and central bank control through CBDCs.
A central bank digital currency is a government-issued digital form of national money regulated by a central bank.
Chinese authorities accuse former digital yuan architect Yao Qian of accepting more than $8 million in cryptocurrency bribes, exposing governance risks at the intersection of blockchain and regulation.
South Korea’s Financial Services Commission plans to permit listed companies and professional investors to allocate up to 5% of equity to top cryptocurrencies, ending a nine-year prohibition.
A Coinbase executive warned that restricting interest on US-issued stablecoins could weaken US competitiveness as China prepares to allow interest on its digital yuan.
The European Central Bank plans to enable blockchain-based settlement in central bank money in 2026, as EU lawmakers continue debating privacy rules for the digital euro.
Norges Bank says a central bank digital currency is unnecessary for now, citing a secure and efficient domestic payment system while keeping future options open.
The South African Reserve Bank (SARB) has shelved immediate plans for a retail CBDC, concluding there is no strong, immediate need for this instrument.