Republic of Belarus to launch pilot program for CBDC: National bank chairman
The central bank confirmed that it had started the process for the development of a demo version to look into the viability of central bank-backed digital currencies.
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Bank of Israel weighs options for launching CBDC
Israel has decided against launching a digital shekel but remains open to its possible development, noting that global powers and the state of cash transactions could influence its future judgment.
Bank of England braces for widespread use of tokenization
Acknowledging the rising popularity and adoption of tokenization, BoE's John Cunliffe says the central bank is looking into the possibility of imposing limitations on stablecoins to mitigate risks.
IMF: CBDC will solve Jordan’s cross-border challenges
Launching a CBDC would open a pathway for Jordan to improve its domestic payment systems, but the IMF warned that the country should tread carefully to avoid potential financial repercussions.
IMF to issue CBDC handbook as several countries reach out for guidance
As more countries venture into CBDCs, the IMF bares its plan to publish a guidebook to help develop regulated tokens to ensure central banks would uphold financial stability and resiliency.
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.
G7 pledges to assist developing nations with CBDCs under global framework
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.
Jamaica’s finance ministry launches incentive program to trigger CBDC growth
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.
UK central bank to set up 30-member Britcoin team: report
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.
Texas lawmakers push for gold-backed state digital currency
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.
ANZ, Grollo team up to complete CBDC use case scenario in carbon credit trading
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 boards CBDC train with IMF help
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.