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.
Latest Central Bank Digital Currency News
Argentina presidential candidate sees CBDCs as hyperinflation solution
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.
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BIS chief: Outdated legal systems hindering CBDCs are ‘unacceptable’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.
ECB inches forward with plans for wholesale CBDC
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.
Digital yuan mobile app now accepts Visa, Mastercard top-ups for tourists
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.
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.
Hong Kong to issue stablecoin regulations by 2024
Hong Kong is on its second round of consultation for its stablecoin regulations, and a lawmaker has revealed that he called on residents to use the upcoming CBDC.
BSV Association at Blockchain for Europe Summit 2023
The two-day Blockchain for Europe Summit 2023 is packed with insightful discussions from expert panels on Digital Asset Recovery on the future of MiCA, AML, DeFi, and smart contracts.
Are CBDCs financial innovation or tool of oppression?
CBDCs are being seen as key to financial inclusion, but many do not realize that creating an inclusive system lies on the network where the actual tool is built—one that promotes transparency.
Kazakhstan’s new agency paves way for CBDC launch by 2025
Kazakhstan establishes NPC to develop digital tenge and enhance open banking, aiming to boost payment system efficiency and financial inclusivity.
India sees UPI success driving CBDC adoption, cross-border transactions as an opportunity to excel
India's CBDC navigates UPI competition while aiming for cross-border success, considering the digital rupee's journey amidst UPI dominance and its potential in cross-border transactions.