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Central Bank Digital Currency (CBDC) is a hot policy topic in the US as well as the rest of the world. Many developed countries are reviewing the potential as well as the potential pitfalls for a CBDC. China is already testing a digital yuan live
Speech by Mr François Villeroy de Galhau, Governor of the Bank of France, at the Climate Finance Day, Paris, 26 October 2021.
Universal interoperability is the missing piece that can unlock stablecoins’ and CBDCs’ potential for the global digital economy.
Speech by Mr François Villeroy de Galhau, Governor of the Bank of France, at the Singapore Fintech Festival, 8 November 2021.
Some 450,000 JD.com customers have used China’s digital yuan for payments as of June.
Officials at Singapore Fintech Festival warn central banks must be alert to risks of CBDCs
Policy work on cross-border CBDCs is “marching beyond the research frontier”, say economists
Minister Monica Mutsvangwa clarified that Zimbabwe is not considering the adoption of cryptocurrencies or Bitcoin.
Central Bank Digital Currencies may soon become legal tenders in their jurisdictions as planned by major central banks in Europe as officials are currently studying such initiatives.
Despite its plans to float Project Orchid, the technology infrastructure, and the technical competencies necessary to issue a digital Singapore dollar, the Monetary Authority of Singapore (MAS) is
A 2022 consultation will determine if CBDC should enter “development” phase
But Singapore sees no pressing need for retail central bank digital currency, MAS says
In line with the development of its Central Bank Digital Currency (CBDC) dubbed the Digital Rubble, the Central Bank of Russia is set to launch a prototype platform for the new form of money in ear
The retail CBDC will be developed in partnership with private entities, which “would be the digital equivalent of today’s notes and coins.”
According to Vikram Pandit, most financial institutions are likely to integrate digital currency trading services within the next one to three years