The State of Global CBDC Adoption with Darrell Duffie

The State of Global CBDC Adoption with Darrell Duffie

Source: Ripple Each quarter we’ll be going under the hood with professors from Ripple’s University Blockchain Research Initiative (UBRI) to gain a deeper understanding of trending topics in crypto and blockchain, and highlight their insights and key takeaways.  There seem to be almost as many opinions about the viability and best use of Central Bank Digital Currencies […]

BIS releases full report on mBridge wholesale CBDC platform after successful pilot

BIS releases full report on mBridge wholesale CBDC platform after successful pilot

Source: Cointelegraph The Bank for International Settlements (BIS) has released the full details of its mBridge pilot project to use central bank digital currencies (CBDCs) for foreign exchange. Commercial banks in four jurisdictions made cross-border transfers using CBDCs and distributed ledger (blockchain) technology in the project, which was heralded as a success. Twenty commercial banks in Hong Kong, […]

Project Aurum: a prototype for two-tier central bank digital currency (CBDC)

Project Aurum a prototype for two-tier central bank digital currency (CBDC)

Source: BIS Project Aurum is a collaboration between the BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority, and the Hong Kong Applied Science and Technology Research Institute. Aurum is a full-stack (front-end and back-end) central bank digital currency (CBDC) system comprising a wholesale interbank system and a retail e-wallet system. The aim was […]

Landmark International CBDC Test Deemed Success, BIS Says

Source: Coindesk A project involving multiple Asian central bank digital currencies (CBDC) has been badged a success, facilitating over $22 million in foreign-exchange transactions, the Bank for International Settlements (BIS) said Tuesday. The trial, described as the first of its kind ever, used a custom-built distributed-ledger technology platform, is supported by central banks from China, […]

Hong Kong Monetary Authority to Begin CBDC Trials in Q4: Report

Source: Coindesk The Hong Kong Monetary Authority (HKMA) plans to start trials of its central bank digital currency (CBDC) in the fourth quarter, the South China Morning Post (SCMP) reported Tuesday, citing a media briefing. Hong Kong’s de facto central bank now plans to lay the technology and legal foundations to support the development of “e-HKD” while exploring […]

Protecting Privacy in New Forms of Digital Money

Protecting Privacy in New Forms of Digital Money

About the event The Digital Pound Foundation is holding the first in its planned series of Roundtable events on Wednesday 21st September at 3pm BST. The purpose of the Roundtables is to bring together experts and industry practitioners in exploring real, practical solutions to the challenges and opportunities arising from the emergence of new forms […]

Behind the Scenes, Hong Kong is Setting the Stage for the Next Fintech Revolution

Original Source: Finextra All around the world, central banks are exploring and experimenting with the potential of Central Bank Digital Currency (CBDC), with around 100 countries having launched projects related to the technology to date. While the technology is still in its infancy, it has the potential to fundamentally alter the global payment landscape and […]

InvestHK opens CBDC Fast Track programme

Original Source: Finextra Invest Hong Kong has opened its Global Fast Track business matching and pitching portal to the territory’s central bank (HKMA) in a bid to boost the monetary authority’s CBDC research. The CBDC track invites banks, fintechs and tech firms to submit innovative ideas for development in eight focus areas, including retail CBDC […]