Sweden CBDC phase 3 trials focus on governance, programmability issues
Riksbank noted that it faces multiple design options for the governance of its CBDC, dubbed e-krona, each offering distinct benefits and disadvantages.
Riksbank noted that it faces multiple design options for the governance of its CBDC, dubbed e-krona, each offering distinct benefits and disadvantages.
Japan's finance diplomat Masato Kanda stated that launching CBDCs pose significant risks to the financial systems, and as head of the summit, they will be exploring how to mitigate these risks.
Since its launch in 2022, about 190,000 Jamaicans have signed up for the JAM-DEX wallet, with total transaction activity valued at $357 million.
Bank of England is ramping up its central bank digital currency efforts and hiring developers, security architects, and more despite not officially committing to its Britcoin efforts.
Bryan Hughes and Mark Dorazio submitted new bills to the Texas lawmaking bodies on March 10, seeking to use gold as the underlying asset for the proposed digital currency.
The latest development now allows the trading of tokens on publicly distributed ledgers in real-time, which was made possible by utilizing smart contracts.
Peru moves closer toward the development of a CBDC in a move intended to improve the country's monetary and financial stability and has engaged with stakeholders to put the plan into fruition.
Building on Project Icebreaker, the BIS introduced a new scheme that would partner with top banks to help support the search for information on DeFi's impact on financial stability.
The panel will launch in April under the Finance Ministry and will build on the two years’ worth of studies and tests by the Bank of Japan, according to reports.
India and Russia should take the lead in forming a financial relationship to ultimately create a new common currency, according to State Duma Deputy Chairman Alexander Babakov.
Reports disclosed that the bill had only managed to scale through the first reading in the State Duma, the lower house of parliament, but it may be operational in May.
A successful application of a digital euro hinges on three levels: issuance, convertibility, AML mandates, and policies; interation on SEBA regions; and encourages private sector innovation.