BIS survey: 9 in every 10 central banks exploring CBDCs
90% of 81 central banks are at various stages of development of a digital currency, according to a recently published survey conducted by the Bank for International Settlements.
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South Africa completes second phase of wholesale CBDC trials
Project Khokha 2 involved the country’s top banks, which experimented on a wCBDC for interbank payments settlement, but SARB says results are still inconclusive.
BIS partners with Australia, Singapore on multi-CBDC platform pilot
The Bank for International Settlements also partnered with South African and Malaysian central banks to develop the prototypes for an international settlement platform using multiple digital currencies.
Joint CBDC pilot unites Australia, Singapore, Malaysia and South Africa
The reserve banks in each country have teamed up to trial a new platform for enabling cross-border transfers denominated in a central bank digital currency.