CBDCTracker.org updated its central bank digital currency (CBDC) database to include December 2025 developments (delayed due to a technical glitch). Highlights include:
🇪🇺 The European Central Bank continuing to advance the digital euro by advancing key technical preparations, including system architecture and safeguards, while the European Council published its position on the proposed digital euro legislation.
🇨🇳 The People’s Bank of China expanding its digital yuan (e-CNY) pilot by enabling banks to pay interest on customer balances, a move aimed at broadening participation among financial institutions.
🇷🇺 The Russian government approving the use of the digital ruble for a broad range of budget-related expenditures, including transfers to federal institutions and public funds.
🇷🇼 The National Bank of Rwanda confirming that its e-FRW CBDC proof-of-concept will continue into 2026, focusing on technical feasibility, payment system integration, and legal framework recommendations ahead of the full technical design phase.
🇳🇴 Norges Bank deciding not to recommend issuing a CBDC at this stage, but will continue research and experimentation on CBDCs and tokenization through testing and international cooperation to retain future readiness.
🇬🇧 The Bank of England seeking participants to assess how a digital pound could affect existing businesses that choose to integrate it alongside established payment methods.
Upcoming Speaking Engagements:
The Digital Euro Conference 2026 (Frankfurt, March 26) will explore the future of money with a focus on CBDCs, stablecoins, and commercial bank tokens. This hybrid event offers the perfect platform to understand the future of digital money! [Register here and get 20% off the regular ticket price by using the Kiffmeister20 code!]
I produce a monthly digest of digital fiat currency (DFC) developments exclusively for the official sector (e.g., central banks, ministries of finance and international financial institution (e.g., the BIS, IMF, OECD, World Bank)) plus academics and firms that are active in the DFC space (commercial banks, technology providers, consultants, etc.). (DFCs include central bank digital currency (CBDC), stablecoins and tokenized deposits.) It goes out via email on the first business day of every month, and if you’re interested in being on the mailing list, please email me at john@kiffmeister.com.
