Switzerland’s central bank launches wholesale CBDC pilot with UBS, commercial banks
The pilot, dubbed Helvetia Phase III, builds upon two previous studies with collaborations from the Bank for International Settlements and the SIX Digital Exchange.
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Google pitches offline CBDC plan to central banks to boost adoption rates
The guide, which is a part of Project Polaris, remarked that launching offline CBDCs will require a tailor-made approach, given the distinct nature of payments in different jurisdictions.
BIS releases details for widely anticipated Project mBridge ahead of MVP
Project mBridge is inching forward to launching an MVP in 2024, and to achieve this, the Bank for International Settlements is exploring functionalities like platform statistics, queue management, and aligning with the CPMI frameworks.
Bank of Korea teams up with BIS, local institutions for wholesale CBDC experiment
The Bank of Korea is looking to develop a new monetary system that focuses on the use of a wholesale CBDC under its latest partnership with the BIS and several other local entities.
BIS completes wholesale CBDC trial for FX, cross-border payments
In Project Mariana's proposed design, central banks do not need to control the underlying platform but will rely on smart contracts that follow industry best practices.
BIS concludes wholesale CBDC experiment for FX, cross-border payments
The Bank for International Settlements has released the Project Mariana report, exploring challenges and solutions in a wholesale CBDC pilot for cross-border FX transactions using blockchain.
BIS chief: Outdated legal systems hindering CBDCs are ‘unacceptable’
While 93% of central banks are exploring CBDCs, over 80% of legal frameworks bar the rollout of these digital currencies, according to BIS General Manager Agustin Carstens.
mBridge CBDC project to onboard new participants as it moves closer to MVP launch
Cross-border CBDC project mBridge progresses with minimum viable product launch plans, expanding participation to Southeast Asian central banks, while U.S. expresses cautious interest.
BIS partners with Israel, Hong Kong for retail CBDC experiment
The Bank for International Settlements has announced a successful CBDC proof of concept—Project Sela—prioritizing inclusivity and privacy, poised to revolutionize CBDC services.
Bank for International Settlements launches blockchain sustainable finance initiative
Leveraging the power of emerging technologies, the Bank for International Settlements and the United Arab Emirates open a competition that seeks to challenge developers to create tech-based solutions to mitigate climate change.
BIS: Digital assets a financial stability risk for emerging markets
The Bank for International Settlements outlines the dangers digital assets pose to global financial stability, noting that international cooperation and enacting better regulations are key to countering the risks.
24 CBDCs set to launch by 2030, over 93% of central banks experimenting with the asset class: BIS
Bank for International Settlements notes that the retail CBDCs will be the dominant offering while their wholesale versions will be keen on closing the gap.