Initial experiments with e-HKD have shown promise, but they are still conducting trials to explore a handful of use cases, according to Hong Kong Monetary Authority CEO Eddie Yue.
Banque de France says cross-border payments must be at the heart of CBDC development while touting blockchain tokenization as the future of asset management.
Financial inclusivity isn't the only key to developing a universally accessible payment method, the Bank of Canada said, insisting that it should work in tandem with digitization and accessibility.
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.
The upcoming presidential elections will not only be historical for the future of Argentina but will also be pivotal in whether or not the country will go for a CBDC or rely on the U.S. dollar.
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.
Presidential candidate Sergio Massa unveils CBDC plan to combat hyperinflation in Argentina, proposing anti-money laundering laws, tax revisions, and rivals advocate for alternative approaches.
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.
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.
The European Central Bank explores blockchain technology for CBDC settlements, plans trial in 2024 while progressing toward digital euro with focus on user privacy, inclusion, and commercial bank concerns.
The new update will allow users of the digital yuan app to top-up via Mastercard and Visa payment options as People’s Bank of China seeks to position the CBDC to compete with other payment platforms in the country.
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.
