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While CBDCs will cater to local demands, cooperation between countries could facilitate and support the widespread adoption of readily-available stablecoins.

“Collaboration and synergy on national and international level is critical to the development of Digital Rupiah,” said Perry Warjiyo.

The State Bank of Pakistan signed in new laws for Electronic Money Institutions — non-bank entities offering digital payment instruments — to ensure the timely issuance of a CBDC in the next three years.

Central bank governors from around the world are currently in Thailand to discuss the role of central banks amid evolving financial technology. Eddie Yue, chief executive of the Hong Kong Monetary

Hong Kong central bank executive looked optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts in the wake of the recent crypto contagion.

The Digital Dollar Project and the Depository Trust & Clearing Corporation have trialed a potential settlement system using tokenized securities and central bank digital currencies.

A clear principles-based regulatory approach to the digital assets sector could be a huge benefit to the Australian economy according to the report.

Retail version of the e-rupee will be issued as tokens in same denominations as cash

One of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations.

There are a number of benefits associated with tokenized government bonds, yet adoption may take time.

BIS survey finds greater focus on transmission and financial inclusion among African institutions

CBDC helps African central banks implement monetary policy. A CBDC would save money on banknotes, transportation, and storage. Sub-Saharan Africa sends two-thirds of the world's money.

This paper, based on a survey to central banks, analyses the development, motivations and concerns of central bank digital currencies (CBDCs) in Africa relative to other emerging and developing regions. The interest of African central banks in CBDCs has shot up in recent times. While all of those surveyed are analysing CBDCs, only few have projects at advanced stages (pilot or live). Some countries, in particular in East and West Africa, stand out as promoting fast payment systems through mobile money, but half of the surveyed central banks think that CBDCs can provide a superior solution. Like their peers, a key motivation for African central banks is achieving greater payment system efficiency. In addition, a higher proportion than in other regions see potential benefits for monetary policy, an important consideration for a region where the transmission mechanism is weak. Central banks in Africa also place more emphasis on financial inclusion. These factors could foster CBDC issuance and favour adoption. At the same time, they are more worried than other regions about cyber security risks and cross-border spillovers and are also concerned about high operational burdens. These factors and others, such as the high degree of informality that may hinder adoption, favour a cautious approach. All in all, differences in motivations, concerns and other country-specific factors determine how central banks are approaching CBDCs.

A survey of the continent’s central banks shows optimism about greater efficiency and inclusion, but several drawbacks remain; Nigeria already has an operational retail CBDC.