The needs of Pacific Island nations are diverse, and those with national currencies can try CBDCs while those without can opt for stablecoins: just not ‘crypto,’ according to the IMF.
Swiss cities of Basel and Zurich are pioneering the use of wholesale CBDCs from the Swiss National Bank to settle digital bonds, marking a significant step in the tokenization of financial assets.
India is eyeing a collaboration with U.S. Federal Reserve and HKMA for cross-border CBDC functionality to enhance international remittances and accelerate digital rupee development.
Chinese banks form global digital currency partnerships to boost CBDC adoption amid regulatory challenges and international economic concerns.
Bank of Canada highlighted several flaws associated with DeFi use, including limited tokenization, unregulated centralized entities, and increased interconnectedness in the system.
Alec Burns was at The Bitcoin Masterclasses #7, where Dr. Craig Wright talked about sovereign nodes and how CBDCs can have added layers of intelligence like KYC and age restrictions.
Bank for International Settlements found that payment system efficiency is the key motivator, but unlike other regions, African central banks see CBDCs as a great tool for monetary policy.
Sveriges Riksbank is also partnering with Norway in Project Icebreaker to test the viability of CBDCs in international retail and remittance payments.
The National Bank shared the stance in an analysis paper titled "New types of digital money," which discussed digital assets, including stablecoins, wholesale CBDCs, and retail CBDCs.
In the 38-page report, Visa highlighted several aspects of CBDC, including central bankers' current motivations in exploring the CBDC, its policy implications and risks.
nChain’s Simit Naik and RTCore’s Lexington Blood talk CBDCs, why central banks must catch up and why BSV is the best option at the BSV Global Blockchain Convention.
The 21-page report discussed the key areas for central bank digital currencies, such as the motivations for issuance and potential concerns about the key designs that CBDCs should integrate.
