CBDCs on the horizon: The current state of CBDC initiatives around the world
Source: Cointelegraph Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more […]
Australia marks first FX transaction using a CBDC as eAUD pilot continues
Source: Cointelegraph Australia has successfully made its first foreign exchange transaction using eAUD as part of a live pilot for the country’s potential central bank digital currency. It comes amid a rising interest from countries around the world to learn about or launch central bank-issued digital currencies. Blockchain infrastructure provider Canvas said that on May 17, crypto […]
ANZ Bank Completes Carbon Credits Trading as Part of Australia’s CBDC Pilot
Source: Coindesk Australia and New Zealand Banking Group Limited (ANZ) has completed the first use-case of carbon credit trading as part of Australia’s central bank digital currency (CBDC) pilot, the Melbourne headquartered bank announced on Wednesday. Australia’s CBDC pilot, run by the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC), began last year to […]
Snapshot: Which countries have made the most progress on CBDCs so far in 2023
Source: Atlantic Council 2023 is already shaping up to be a major year in central bank digital currency (CBDC) exploration. As of March 1, sixty-five countries are in the advanced stage of development, and over twenty central banks have launched their pilots, including Brazil, Japan, and Russia. To dive deeper into these countries, follow our CBDC […]
Australia’s Central Bank Taps Mastercard and Others to Test CBDC Use Cases
Source: Coindesk The Reserve Bank of Australia has revealed a set of projects that will develop use cases for a digital dollar, the eAUD, during its testing phase, currently underway. The projects will look at use cases ranging from offline payments to bond settlement to securities trading, among others, the Australian central bank announced on Thursday morning […]
Australia’s CBDC partner sees advanced economies issuing wholesale CBDCs first
Source: Ledger Insights Digital Finance CRC (DFCRC), the research organization working with the Reserve bank of Australia on a central bank digital currency (CBDC) pilot, published a report on the state of CBDC globally. For advanced economies, it believes that wholesale CBDCs are likely to be issued before retail ones. And it raised a few areas where […]
Australian pilot CBDC test for eAUD to commence mid-2023: RBA White Paper
Source: Cointelegraph Making it to the list of countries that intend to launch an in-house central bank digital currency (CBDC), the Reserve Bank of Australia (RBA) released a white paper outlining an elaborate plan for conducting a pilot project for eAUD. On Aug. 9, 2022, the RBA announced a collaboration with the Digital Finance Cooperative […]
Reserve Bank Australia says a live CBDC likely to be wholesale
Original Source: Ledger Insights During today’s payment systems board meeting, the Reserve Bank of Australia discussed central bank digital currency (CBDC). The synopsis states, “While most central banks are still investigating the potential merits, design and implications of CBDC, many see an increased likelihood of issuing some form of CBDC in the future, especially to support wholesale […]
Reserve Bank of Australia Starts Pilot to Explore CBDC Use Cases
Original Source: Coindesk The Reserve Bank of Australia (RBA) will develop a “limited-scale” pilot to explore use cases and potential economic benefits of a central bank digital currency (CBDC). Australia’s central bank plans to create a CBDC, which will operate in a ring-fenced environment. A ring-fence environment separates a portion of the user’s financial assets […]
Using CBDCs across borders: lessons from practical experiments
