Finance

BIS: 9 new wholesale CBDCs to be launched by 2029 as retail CBDC interest wanes
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22 June, 2024

BIS: 9 new wholesale CBDCs to be launched by 2029 as retail CBDC interest wanes

The Bank for International Settlements has slashed its expectation of retail CBDC launches by 2029 to 6 from 11, but...
BIS newly-opened Toronto Innovation Hub focuses on open finance
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21 June, 2024

BIS newly-opened Toronto Innovation Hub focuses on open finance

Miguel Diaz, who previously led payment systems at the Bank of Mexico, will head the new hub, which will serve...
What are programmable payments?
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21 June, 2024

What are programmable payments?

Programmable payments refer to the automation of payments based on specific conditions, while programmable money is a broader concept whereby...
Ethiopia to establish CBDC framework following new banking reforms approval
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21 June, 2024

Ethiopia to establish CBDC framework following new banking reforms approval

The Banking Business Proclamation and the NBE Proclamation will be presented before the House of Peoples' Representatives for final approval...
FSB Plenary praises progress on addressing financial stability risks relating to digital assets
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20 June, 2024

FSB Plenary praises progress on addressing financial stability risks relating to digital assets

The Financial Stability Board Plenary meeting discussed the general outlook for global financial stability and the progress made in implementing...
More central banks exploring CBDCs as number of pilots increases
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20 June, 2024

More central banks exploring CBDCs as number of pilots increases

CBDCs offer various benefits for global economies, according to a BIS report, leading banks to explore use cases tied to...
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