News
3,662 articles tracked
The Bank for International Settlements (BIS) has rolled out Project Icebreaker with the central banks of Sweden, Norway, and Israel to see how CBDCs can be utilized for international remittance and
The Project Icebreaker initiative aimed to improve cross-border payments by reducing costs and increasing speed and transparency, with a final report expected in Q1 2023.
The Bank of France is currently working on its second stage of experimentation in wholesale central bank digital currency (CBDC).
Over $12 million in value was issued in the pilot with commercial and central banks in Hong Kong, Thailand, the UAE and China taking part.
The paper’s authors say Central Bank Digital Currencies are problematic for the future of individual and economic freedom, but crypto is a viable alternative.
Kwame Oppong, an executive at Ghana’s central bank, told Cointelegraph that a CBDC could give their citizens the opportunity to use a "decent form of payment."
The focus of the CBDC in the country was confirmed by Kwame Oppong, the head of fintech and innovation at the Bank of Ghana (BOG).
Regulating algorithms highlighted as key crypto challenge at Banque de France conference
Russia is currently in the pilot phase of its CBDC development and is expected to complete the development by early next year.
The Reserve Bank of Australia (RBA) has published a Whitepaper to give additional insights into its proposed Central Bank Digital Currency, dubbed the eAUD.
RBA aims to launch a CBDC pilot early next year
The key objectives of the project are to identify and understand innovative business models, use cases, benefits, risks and operational models for a CBDC in Australia.
Executive board member Fabio Panetta says it would undermine financial stability if the ECB were unprepared to use distributed ledger technology, but that’s the best he can say for it.