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.
Bank of England Deputy Gov. Jon Cunliffe told lawmakers a digital pound would make it easier for U.K. residents to make micropayments—but doesn’t Bitcoin already do this?
Bank of Canada claims that an offline central bank digital currency will allow users to transfer digital Canadian dollars without internet, but certain factors must be considered first.
RBI's Deputy Governor Rabi Sankar assured that existing payment services in India will remain and that exploring use cases of digital rupees is intended to revitalize the payments sector.
While Jordan's retail payment space is flourishing, the IMF says various barriers prevent customers from using digital payments, and launching a retail CBDC could help address that.
To salvage its ailing central bank digital currency project, the Central Bank of Nigeria seeks new partnerships to help innovate eNaira's features and improve its adoption rate.
For the first time, Russia will move ahead with its central bank digital currency pilot program involving 13 banks and customers, and this time, the digital ruble will be used in real transactions.
Apart from its cost-effective system, BSV's boundless capacity is ideal for governments developing their CBDCs as it seeks to continue working with the law and offering hope for technical neophytes.
Preparing for the possibility of a state-backed digital currency policy being implemented soon, the Federal Reserve Bank of San Francisco is now on the hunt for an expert capable of developing novel CBDC systems.
The central bank digital currency pilot in April will center on testing technical areas not covered by the initial PoC stages as the BOJ attempts to find a solution to using the digital yen for offline payments.
While other countries choose whether to focus on a retail CBDC instead of wholesale, the United Arab Emirates is seeking to focus its efforts on launching both types under its FIT program.
The U.S. central bank digital currency—also known as the digital dollar—is not going to be a new kind of money, but just a new kind of currency.
