Central Bank Digital Currency

National Australia Bank kills off stablecoin project
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25 June, 2024

National Australia Bank kills off stablecoin project

NAB started work on the AUDN stablecoin in 2022 and thought clients would use it to settle cross-border transactions, but...
Iran launches retail CBDC pilot on Kish Island ‘free zone’
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24 June, 2024

Iran launches retail CBDC pilot on Kish Island ‘free zone’

The CBDC trial will take place on the island of Kish, where the ‘digital rial’ will be available to banking...
South Korea commits $14.5 million to experiment with CBDC, digital vouchers
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23 June, 2024

South Korea commits $14.5 million to experiment with CBDC, digital vouchers

South Korea is doubling down on its blockchain investment, with the latest being a $14.5 million investment to explore CBDC...
BIS: 9 new wholesale CBDCs to be launched by 2029 as retail CBDC interest wanes
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22 June, 2024

BIS: 9 new wholesale CBDCs to be launched by 2029 as retail CBDC interest wanes

The Bank for International Settlements has slashed its expectation of retail CBDC launches by 2029 to 6 from 11, but...
Ethiopia to establish CBDC framework following new banking reforms approval
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21 June, 2024

Ethiopia to establish CBDC framework following new banking reforms approval

The Banking Business Proclamation and the NBE Proclamation will be presented before the House of Peoples' Representatives for final approval...
More central banks exploring CBDCs as number of pilots increases
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20 June, 2024

More central banks exploring CBDCs as number of pilots increases

CBDCs offer various benefits for global economies, according to a BIS report, leading banks to explore use cases tied to...
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