How far have the digital currencies of the world's 17 central Banks come?

The people's bank of China's digital currency is already on the way, and it was previously reported that it would be the first to land in downtown suzhou in May in the form of transportation subsidies. The concept of central bank digital currency has been an active topic in recent years, so how far has the central bank digital currency actually developed? BlockBeats has collated recent reports and, citing some CBI INSIGHT reports, compiled a summary of central Banks' digital currency progress (see chart) :

China:So far, China has made the most rapid progress with the central bank's digital currency. The central bank's "closed-loop test" of the central digital currency began in September 2019. Images of the bank and the central bank starting internal testing of digital currency DCEP's wallet recently circulated online in April. On April 22, sina finance reported that the xiongan new area held a legal number RMB (DCEP) pilot promotion meeting. The pilot recommendation list of xiongan is dominated by catering and retail enterprises. The list includes 19 outlets including McDonald's, starbucks, cainiao Courier station and jd.com unmanned supermarket.

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Venezuela:President Nicolas Maduro has ordered all branches of the country's main bank, Banco DE Venezuela, to accept the country's cryptocurrency, Petro (PTR). But the introduction of petrodollars has been hampered by a lack of infrastructure and the country's still-shaky economy. Venezuela, according to the rhythm of March 8, on the basis of biometric encryption in offline payment system is still in the paralysis after more than two months, Biopago platform is the Venezuelan central bank support, it allows citizens to use fingerprint sensor technology, support by Venezuelan oil country issued tokens - oil money to pay (PTR). But in early January, pulse learned that the Venezuelan central bank had responded by saying that the PoS terminals and the Biopago network, its platform, would be shut down for 10 days for maintenance. But now, according to the latest news, the repair cycle has been extended "indefinitely" along with other key infrastructure innovations, including smartphone-based PetroApp, a government payment and wallet solution. & have spent

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Uruguay:The central bank of Uruguay has successfully completed a small pilot programme, e-peso, on retail CBDC. The program was launched at the end of 2017. Individuals and businesses selected for the project will be able to hold e-peso in their mobile wallets. E-peso can be transmitted instantaneously, point-to-point over the phone using SMS or a specific e-peso app. It is important to note that the pilot program does not use distributed ledger technology, as pulse understands. After the pilot program ended, all e-peso was eliminated, and the Uruguayan central bank is now evaluating the program.

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Marshall islands:It has reached cooperation with Algorand blockchain to build national digital currency SOV.

Korea, France, TurkeyandPanama islandsCentral bank digital currency tests have been conducted.

Sweden:Sweden's central bank (Sveriges & NBSP; Riksbank has been running e-krona, a retail CBDC project, motivated by a drive to use less cash in Sweden. It started the program in early 2017 and is now preparing to launch a pilot program. So far, research into the e-krona project has produced two informative reports.

Thailand, UKRelevant models have been established.

Switzerland, NetherlandsThe Netherlands is already watching closely, with the country saying it is considering developing its own digital currency and wants to become a testing ground for the European central bank's digital currency (CBDC).

Saudi Arabia"ThisAlthough it said it had jointly issued digital currency with the united Arab emirates, but the exact release date has not been announced.

The United StatesTalk of a central bank's digital currency has been going on, with some suggesting that Libra's once proposed basket of stable currencies could become America's common currency. But according to the latest Libra 2.0 white paper, a basket of currencies needs to be discussed. The us central bank is also in discussion and it remains to be seen whether it will actually launch.

At the moment, most countries are on the fence about central Banks' digital currencies. Such asJapanHaving said this year that it had no plans to issue the central bank's digital currency, its deputy governor said the new digital currency was better suited to developing countries, but that the costs outweighed the benefits for developed economies.

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Note: it should be noted that the digital currency of the people's bank of China is not directly related to cryptocurrency at this stage, and the central bank has repeatedly indicated that DCEP may not be established on the blockchain. Please don't read too much into it. Please don't believe any cryptocurrency transactions under the banner of DCEP. The purpose of this article is for study and discussion only. As the policies of various countries are in a state of change, the contents summarized above in this paper are the relevant data collected according to the rhythm and the contents in the CB Insight 2020 blockchain report. If there is any change, please point out.

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