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.
Latest World Bank News
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.
World Bank picks up millions in latest blockchain bond move
The World Bank and the Commonwealth Bank of Australia announced a new bond alternative that makes use of a blockchain to handle the transfer of funds.
World Bank, CommBank collaborate to enable secondary bond trading
The World Bank have joined with CommBank to create a first of its kind process that will be able to record secondary transactions on distributed ledgers.
“Learning coin” to help educate IMF and World Bank about blockchain
The IMF and World Bank are teaming up to make a new cryptocurrency to help organizations learn more about blockchain technology.
Crypto in Africa: changing the approach to crypto adoption
Since the beginning of this year, exciting activities have taken root all across Africa. However, many believe more needs to be done to help increase crypto adoption on the continent.
World Bank to settle a first-ever $73-million blockchain bond
World Bank has selected the Commonwealth Bank of Australia (CBA) as the only entity to participate in the trial, which centers on a blockchain-based bond worth $73 million.
World Bank taps Australia’s biggest bank for world’ first fully blockchain-based bond
: The Commonwealth Bank of Australia—Australia’s largest bank—announced that they have been tapped by the World Bank to arrange the world’s first fully blockchain processed bond.