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Standard Chartered China Is First Foreign Bank To Join China's CBDC Pilot Testing
Monday, November 27, 2023 - 6:00pm | 344Standard Chartered ADR (OTCMKTS: SCBFY) Bank (China) announced it initiated the offering of digital yuan exchange services to customers. What Happened: The multinational bank’s China division is working with City Bank Clearing Services to give customers access to the digital yuan's...
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CBDCs To Usher In A Cashless Future, Overthrowing Traditional Banking: Royal Bank of Canada
Thursday, August 31, 2023 - 4:29pm | 638The Royal Bank of Canada (RBC) has released a report on the evolving landscape of central bank digital currencies (CBDCs), that underscores the increasing global shift towards electronic payments as traditional cash usage wanes. This trend has prompted numerous governments to consider introducing...