World Bank exploring Swiss franc digital bond settling in wholesale CBDC
Building on two previous digital bond issuances, the World Bank says the next logical step is to issue one that’s settled with a central bank digital currency.
Latest World Bank News
BIS tokenization project is 1 of 6 in 2024
The Promissa project, made in collaboration between Bank for International Settlements, the Swiss National Bank, and the World Bank, will develop a proof-of-concept platform to facilitate digital tokenized promissory notes.
ICMA reviews risk factors, disclosures in blockchain bond offering documents
ICMA's report examines risks in blockchain-based bond offerings, highlighting technological, legal, and liquidity challenges, and advocates for improved transparency in disclosure documents.
BIS, World Bank to tokenize promissory notes
BIS will tokenize promissory notes which still rely on stacks of papers, and while this “isn’t going to revolutionize the world,” it’s a critical first step.
World Bank turns to blockchain for tokenizing infrastructure process amid regulatory challenges
While tokenization with blockchain offers a wide array of benefits, including promoting transparency, the World Bank insists that numerous challenges for full-scale adoption remain.
Pakistan draws up laws in preparation for CBDC launch in 2025
Pakistan is set on launching its CBDC by 2025, releasing new guidelines—with help from World Bank—for non-bank entities to aid the national government in the developing and execution process.
India eyes tech as guiding principle in regulating the digital assets industry
India recognizes the benefits of the digital asset sector but says a tech-driven framework needs to be crafted to ensure that technology in the industry will not be misused.
BIS: CBDCs could solve cross border friction, but interoperability still major challenge
BIS and IMF say that using CBDCs could solve many challenges with cross-border movement of funds, but question whether central banks will work together.
India digital currency consultation paper with IMF and World Bank coming soon
The paper is a result of consultations made both with local digital currency industry key players and international organizations like the IMF and the World Bank.
Myanmar: Military gov’t mulls digital currency but World Bank shoots it down
The country’s military government said recently that it’s considering launching a digital currency to boost its economy, but the World Bank has shot the idea down, saying the country isn’t prepared enough.
El Salvador residents in fresh protests against BTC imposition
Salvadorians have held their ground and rejected the imposition of BTC as legal tender, with fresh protests breaking out a week before Bitcoin Law takes effect.
World Bank denies support to El Salvador for making BTC legal tender
A spokesperson for the World Bank reportedly said there are too many ‘shortcomings’ in BTC for this to be something they would be willing to assist with in implementation.