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  • bis-joint-pilot:-institutions-can-use-cbdcs-for-international-settlements

    BIS joint pilot: Institutions can use CBDCs for international settlements

    The experimental CBDC platform proved that the design approaches used to address three major issues: access, jurisdictional boundaries, and governance were effective. Bank of International Settlement (BIS) Innovation Hub has completed an experimental central bank digital currency (CBDC) platform pilot for international settlement with the central banks of Australia, Malaysia, Singapore and South Africa. The multi-national… More

  • cbdcs-will-not-impact-private-stablecoin-market,-says-tether-cto

    CBDCs will not impact private stablecoin market, says Tether CTO

    Tether CTO Paolo Ardoino claimed CBDCs would primarily replace the old-age payment systems and utilize private blockchain as a modern and cost-controlled tech infrastructure. Paolo Ardoino, the chief technology officer at Tether, believes that the growing developments around central bank digital currencies (CBDCs) globally wouldn’t really impact the role of private stablecoins.Ardoino shared his two… More

  • top-chinese-banks-promote-cbdc-over-local-payment-firms-for-shopping-festival

    Top Chinese banks promote CBDC over local payment firms for shopping festival

    Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China. Some of China’s largest state banks are actively promoting the digital yuan as a superior means of payment to the country’s two leading payment providers, Alipay and WeChat Pay.In an April 26 report, Reuters revealed that… More

  • sweden-is-studying-a-potential-transition-to-the-e-krona-cbdc

    Sweden is studying a potential transition to the e-krona CBDC

    Sweden is examining risks and consequences of moving its economy to its e-krona digital currency. The Swedish government is progressing with its central bank digital currency, or CBDC, by launching a formal review of a potential transition to the digital currency.According to a Dec. 11 Bloomberg report, the review will explore the feasibility of moving… More

  • reserve-bank-of-australia-forms-partnerships-to-research-cbdc
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    Reserve Bank of Australia forms partnerships to research CBDC

    The project will “explore if there is a future role for a wholesale CBDC in the Australian payments system,” according to the RBA. According to a Nov. 2 announcement from The Reserve Bank of Australia, or RBA, the financial institution will be partnering with the Commonwealth Bank, National Australia Bank, the financial services company Perpetual,… More

  • estonian-central-bank-to-conduct-digital-currency-research
    in ,

    Estonian central bank to conduct digital currency research

    They’re following other central banks, including the European Central Bank, into studying virtual currencies. The Estonian central bank, Eesti Pank, announced the launch of a research program to study how to build a digital currency infrastructure.According to a statement, Eesti Pank partnered with technology companies SW7 Group and Guardtime for the research project. It aims… More

  • china’s-blockchain-service-network-to-launch-stablecoin-support-in-2021
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    China’s Blockchain Service Network to launch stablecoin support in 2021

    China’s national blockchain project BSN could be the best fit for the digital yuan. China’s nationwide blockchain project, the Blockchain Service Network, or BSN, will be integrating stablecoin support in 2021.Yifan He, CEO of Red Date Technology, a major tech company involved in the BSN development, told Cointelegraph that the project will soon start integrating… More

  • top-indian-central-banker-says-cryptos-have-a-future-but-fears-monopoly
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    Top Indian Central Banker Says Cryptos Have a Future But Fears Monopoly

    A former chief economist of the IMF said neither private digital currencies nor central bank digital currencies should hold a monopoly. The former governor of Reserve Bank of India, Raghuram Rajan, said that private cryptocurrencies like Bitcoin (BTC) and Facebook’s Libra may have a future even when central banks roll out their own digital currencies.Rajan,… More