
Reserve Bank of Australia: ‘No need’ for Aussie CBDC
The Reserve Bank of Australia is reportedly skeptical of the benefits of CBDCs, and is also concerned about private stablecoins.
The Reserve Bank of Australia is reportedly skeptical of the benefits of CBDCs, and is also concerned about private stablecoins.
BIS job ad suggests the organization is preparing to accelerate work on researching and developing central bank digital currencies.
The Bahamas, a country of 400,000 people, has been pilot testing its digital currency—the Sand Dollar—since December 2019.
Dutch group dGen notes at least 3-5 countries would have their own central bank digital currencies in place by the start of the next decade.
MasterCard launched a Central Bank Digital Currency (CBDC) test platform that allows users to simulate the issuance, distribution, and exchange of CBDCs
The CBDC will be part of the plan to digitize Brazil’s payment system, including launching an instant payments system and a competitive Open Banking System.
Bermuda has launched a digital token to stimulate the local economy following the COVID-19 pandemic.
Bank of Korea is looking for a firm to partner with on the CBDC’s second phase which involves building the infrastructure.
The China Construction Bank briefly rolled out the feature over the weekend, allowing users of its mobile app to access the digital yuan.
There was $48,000 worth of its central bank digital currency, the Sand Dollar, in circulation, according to the Bahamas central bank.
The digital currency electronic payment has been on a test run, targeting small retail transactions amid preparations for nationwide rollout.
The group will investigate the implications of a central bank digital currency (CBDC) on the country’s economy, among other things.