Central Bank Digital Currency
IMF’s work on CBDCs and digital currencies is straining its budget
The IMF has suggested it may reduce its output frequency, provide lighter analysis and give general policy advice, adding that...
CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF
IMF says Middle Eastern and Central Asian countries can significantly benefit from CBDCs but urges caution as they come with...
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’
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
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
The Bank for International Settlements has slashed its expectation of retail CBDC launches by 2029 to 6 from 11, but...
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