The Bank for International Settlements said on Thursday it would quit the cross-border payments platform Project mBridge, raising questions about how the scheme backed by China will evolve at...
Brazil is exploring expanding its central bank digital currency (CBDC) to encompass decentralized finance (DeFi) and tokenization, the country’s central bank has revealed. Elsewhere, Visa (NASDAQ: V) is stepping...
Today the Governor of the Reserve Bank of India, Shri Shaktikanta Das, discussed progress with the digital rupee, saying he’s not in a rush. He confirmed the previously reported...
The National Bank of Cambodia (NBC) has recorded wins in its campaign against the dollarization of the local economy using Bakong, its version of a central bank digital currency...
Consumer transactions using India’s digital rupee have slumped to one tenth of the volumes at the end of last year, or around 100,000 per day, Reuters reported citing sources....
The Philippines expects to put in place within the next two years a central bank digital currency (CBDC), taking its cue from peer regulators that have developed such digital...
The CBDC Retail (CBDC-R) pilot currently enables Person to Person (P2P) and Person to Merchant (P2M) transactions. It is now proposed to enable additional functionalities of programmability and offline...
Central bank digital currencies are becoming more politicized globally, “but in the U.S. they seem to be ‘hyper-politicized.’” It’s only since Facebook announced its Libra stablecoin back in 2019...
Currently, many CBDC technology projects seem to duplicate past work or conduct work without clear goals, even as key technology questions remain unanswered. How can central banks investigate CBDC...
Martin C W Walker In October 2020, the Bahamas launched its central bank digital currency (CBDC), called the “sand dollar”. The sand dollar project has been greatly praised, described by...