Project Bakong will deploy blockchain-powered technology across Cambodia’s payment networks, and will feature a central bank digital currency.
While the Bank of Japan had no immediate plans for a CBDC, it was “very important” for the central bank to be prepared should the need arise.
A study by the Bank of International Settlements reveals countries around the world are seriously considering crypto.
The Bank of Thailand and Hong Kong’s central bank have made progress in their plans to issue a central bank digital currency.
The International Monetary Fund has told the central bank of the Philippines to begin collecting data from local crypto exchange users.
People’s Bank of China has already made it clear that a bank-backed digital currency could be coming.
A German Central Bank executive isn’t worried about cryptocurrencies too much, but says they should still be scrutinized.
The bank is preparing to enter into a deal for the development of the new currency system as part of a scheme dubbed “Project Sand Dollar.”
Vitas Vasiliauskas, who chairs the board of the Bank of Lithuania, recently discussed digital currency and whether it should be wholesale, retail or both.