Five fintech firms were selected for a special collaboration with the European Central Bank, which will see them test the digital euro, opening a pathway for fast and inexpensive payment methods.
nChain's report dives into the critical areas of CBDC architecture that are often overlooked in place of the general discussion about the benefits or drawbacks that it can bring to the banking system.
Israel is slowly embracing digital assets, issuing its first-ever permanent 'crypto' license to a native firm, in line with its plan to explore and adopt a CBDC that will promote financial inclusion.
India is eager to kickstart its CBDC trial, partnering with renowned fintech firms to ensure the success of the initiative, which experts say will likely be tailored after China's digital yuan.
The project will focus on cross-border payments and explore technical implementations of a central bank digital currency and its various aspects, such as design decisions, impact, and potential use cases.
Saudi Arabia is betting on a digital asset expert to spur the adoption of digital currency and, at the same time, transform the country into a digital assets and tech hub.
Qatar begins the modernization of its FinTech sector with the issuance of the first digital payment licenses, but it remains firm against the adoption of digital currencies.
Russia is examining the potential use of digital assets in foreign trade transactions, betting on the tool as a gateway to boost and innovate the economy and ramp up cybersecurity.
A thing's value is measured on its essence in society, particularly the economy, but its worth may also be defined through agreements in the system in which it is being used.
The Reserve Bank of Australia is looking to press ahead with its CBDC adoption plan; however, it is eyeing to limit it to wholesale transactions as it further studies use cases of digital assets.
Olli Rehn backs the ECB's planned digital euro, betting that the move will create opportunities for innovation and act as an anchor to maintain monetary stability as more people lose trust in cash.