Christopher Giancarlo, who served as the 13th chair of the Commodity Futures Trading Commission, has called for accelerated digital dollar efforts but warned against using it to surveil users or levy fines.
In a new document, the European Central Bank breaks down the incentives and compensation of the digital euro, saying it combines digital payments with cash.
The 12-week study, involving 18 banks and financial institutions, shows the potential utility of CBDCs in settling cross-border transactions, prompting participants to proceed with the next phase.
WeChat is lending the central bank a hand to support China's CBDC ambition by integrating the e-CNY in WeChat Pay, a move aiming to help small merchants.
In an editorial, Zorilla CTO and BSV Ambassador Mallikarjun Karra says India is long overdue for a payments revolution and if executed right, the e-rupee might be it.
The Central Bank of Iran revealed that the pre-pilot phase skimmed through legal, regulatory, and technological implications for an Iranian CBDC launch.
The Bank for International Settlements’ "Project Icebreaker" project delved into the benefits and risks of launching retail central bank digital currencies with cross-border functionalities.
The experiment was conducted by digital currency exchange Mercado Bitcoin and Stellar protocol designed to promote low-cost and real-time settlement for users.
Reserve Bank of India Executive Director Ajay Kumar Choudhary said that since the CBDC will have all features of physical fiat currencies, it must also be used for offline payments.
Despite a renewed push by the Chinese central bank to woo users in Hong Kong, only 625 hard wallets were opened in the first four days of the bank’s campaign.
If the proposed bill fulfills the legislative requirements, the amendments are expected to come into effect on July 1, 2024.
Australia and New Zealand (ANZ) bank and the Commonwealth Bank will handle nature-based asset trading of the CBDC pilot, while the Australian Bond Exchange will handle corporate bond settlements.
