TLDR IMF staff introduced a REDI framework for CBDC adoption Framework focuses on Regulation, Education, Design, and Incentives Goal is to enhance CBDC uptake globally Recommends strategies for end-users and intermediaries Encourages central banks to
Canada's central bank has paused its CBDC project, pivoting to research as countries like China and Nigeria advance their initiatives.
The European Central Bank is at the forefront of CBDC experimentation in Europe. Lagarde & Co. aims to create a digital euro that balances security, ...
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.
Australia's central bank focuses on wholesale CBDC for financial institutions. RBA sees limited benefits in individual CBDC for the general public. Continue Reading:Australia’s Central Bank Prioritizes Wholesale Digital Currency to Secure Financial S
Australia’s central bank has announced a shift toward wholesale CBDC development, citing greater economic benefits and fewer challenges compared to a retail version. The Reserve Bank of Australia seems to be prioritizing wholesale CBDC development ov
RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present.
A new report reveals that 134 countries, covering 98% of the global economy, are exploring digital currencies, with 44 currently piloting CBDCs. Central bank digital currencies are gaining widespread attention, with nearly 99% of the global economy n
China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank dig
The North Carolina General Assembly has overridden Governor Roy Cooper’s veto to enact a bill prohibiting a central bank digital currency (CBDC) in the state. The Senate voted 27-17, securing the required supermajority. The bill bars payments using C
The deal will see Emtech’s CBDC solutions and its regulatory and compliance sandboxes integrated into Accenture’s offerings.
A Senate veto-busting vote saw 12 Democrats who initially voted for North Carolina’s CBDC banning bill switch to backing Governor Roy Cooper’s veto.
The Central Bank of Brazil disclosed a new set of use cases that will be part of the second phase of the ongoing pilot of its drex CBDC. Among the 13 instances selected from the 46 presented are platforms for tokenizing real estate, liquidity pools f
Brazil's Central Bank has selected 13 themes for the second phase of its Central Bank Digital Currency (CBDC) pilot, Drex, focusing on testing financial services through smart contracts managed by third parties.
The Central Bank of Brazil has hinted at implementing artificial intelligence (AI) and data monetization processes into Drex, its central bank digital currency (CBDC). In a recent presentation, Roberto Campos Neto, the Central Bank of Brazil’s presid
The HKMA has launched a sandbox for Project Ensemble, with initial participants including Bank of China, HSBC, Ant Digital and HashKey.
New research indicates that in countries where central bank digital currencies have been adopted or are under consideration, well-being is low.
On Monday, MakerDAO officially launched the Spark Tokenization Grand Prix, an ambitious competition to onboard up to $1 billion of tokenized assets, particularly focusing on short-duration US Treasury
In the last few years, a conversation has arisen surrounding the implementation of what is known as Central Bank Digital Currencies, or CBDCs
The Bank of England (BoE) wants to test distributed ledger technology (DLT) and wholesale central bank digital currencies or CBDC (wCBDC). These experiments will map the dynamics of the payments lands