Thailand begins retail CBDC pilot to assess digital baht feasibility
Bank of Thailand expects the total number of participants to reach around the 10,000 mark while viewing the CBDC project as a “pilot to learn” instead of a pilot launch.
Bank of Thailand expects the total number of participants to reach around the 10,000 mark while viewing the CBDC project as a “pilot to learn” instead of a pilot launch.
To prevent shocking its financial system, the central bank says it will take a "calibrated approach" in launching the digital rupee, adding that it would explore more features to onboard more users.
NAFCU argued that regulatory guidelines for a digital dollar could only be achieved in consultation with Congress and stakeholders, including banks and credit unions.
Dubbed the Crypto-Asset Reporting Framework, the new tax reporting standard by the Organization for Economic Cooperation and Development received input from tax authorities from G20 nations.
The report by Cato Institute and YouGov disclosed that 16% of respondents supported the digital dollar, nearly 34% of American citizens opposed the CBDC, while the remaining 50% were undecided.
For many, the London Blockchain Conference 2023 served as an avenue to showcase the power of blockchain, but it also showcased the general public's excitement for the future with this innovation.
Jon Helgi Egilsson, an ex-chairman of Iceland's central bank supervisory board, opined that central banks might lose out on innovation and healthy competition by preventing private participation.
Bank of England calls for comments on whether or not non-U.K. residents “should have access to the digital pound, on the same basis as U.K. residents.”
Russia pushes ahead with using digital currencies amid economic sanctions, with Rosbank devising plans to use them as cross-border transactions with help from fintech firm B-crypto.
The Bank of Israel laid out several initiatives to trigger mass adoption of its digital shekel, including using the CBDC to settle taxes and pay salaries.
The "Co-creating the future ecosystem with Central Bank Digital Currencies" white paper notes that China's Greater Bay Area is prime real estate to test CBDCs, given the diversity of currencies in the area.
The bank issued a discussion paper a year ago, and after assessing the feedback, it says Kenya can solve its payment issues in other ways and doesn’t need a CBDC.