Project Rialto: Advancing Instant Cross-Border Payments with Central Bank Money Settlement
The Bank for International Settlements (BIS) has released an interim report on Project Rialto, an initiative aimed at improving retail cross-border payments through interlinked instant payment systems and settlement in central bank money (CeBM). As part of a broader effort to enhance payment efficiency globally, this project explores ways to reduce costs, enhance speed, and […]
Italian Banking Association Reports Success in Wholesale CBDC Trial Project Leonidas
The Italian Banking Association (ABI) has announced the successful trial of a wholesale central bank digital currency (wCBDC) known as Project Leonidas, conducted as part of the Bank of Italy’s sandbox. The trial, which took place last year, highlighted benefits such as atomic transactions, transparency, and information traceability. The testing phase occurred in 2023, prior […]
Italy and Korea Forge Partnership on CBDC and RTGS Technology Innovations
The Bank of Italy and the Bank of Korea have signed a memorandum of understanding (MOU) focused on exchanging expertise in technologies supporting Real-Time Gross Settlement (RTGS) systems and central bank digital currencies (CBDCs). Their approaches to CBDCs, however, differ significantly. The Bank of Korea is exploring a wholesale CBDC aimed at enhancing tokenized bank […]
European Central Bank Advances Digital Euro Project to Preparation Phase
The European Central Bank (ECB) is gearing up to bolster the euro’s digital future. In an announcement made today, the ECB disclosed its decision to transition into the next stage of the digital euro project, marking the commencement of the preparation phase. This development comes on the heels of an extensive investigation phase that began […]
Italian banks launch CBDC pilot project
Source: Finextra The Bank of Italy has launched a pilot to assess the viability of a central bank digital currency (CBDC). The pilot, called Project Leonidas, also involves a 18 Italian commercial banks and the Associazione Bancaria Italiana (ABI). The stated objective of the pilot is to “explore blockchain applications that promote financial stability and […]
Digital finance: agreement reached on European crypto-assets regulation (MiCA)
G7 Public Policy Principles for Retail Central Bank Digital Currencies (CBDC)
Impending arrival – a sequel to the survey on central bank digital currency
Proceeding with caution – a survey on central bank digital currency
CPMI Markets Committee Report
