Russian CBDC legislation expands foreign access

Russian CBDC legislation expands foreign access

Source: Ledger Insights The Central Bank of Russia’s (CBRs) digital ruble pilot was delayed from its planned start date of April 1, pending the passage of legislation at the State Duma. The delayed version was expected to pass by now, but according to the Russian state news agency TASS, the legal go ahead for the central bank digital currency (CBDC) […]

CBDCs on the horizon: The current state of CBDC initiatives around the world

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 […]

Wholesale CBDCs: Fostering Interoperability and Standardisation in Global Financial Markets

Wholesale CBDCs: Fostering Interoperability and Standardisation in Global Financial Markets

In March 2023, the Digital Pound Foundation (DPF) and Association for Financial Markets in Europe (AFME) hosted our first joint roundtable, with representatives from both organisations alongside industry specialists and external observers.  “As we cross the threshold from proof of concept to real traction, this joint event marks the beginning of a broader engagement in […]

Ripple Launches CBDC Platform for the Development of CBDCs and Stablecoins

Ripple Launches CBDC Platform for the Development of CBDCs and Stablecoins

Source: Ripple Full-service platform allows user to seamlessly mint, manage, transact and redeem CBDCs and stablecoins With more than 90% of countries exploring, developing and implementing Central Bank Digital Currencies (CBDCs) as a way to increase financial inclusion and lower the cost and risk of domestic and cross-border payment processes, today Ripple is announcing the Ripple CBDC Platform, […]

Project mBridge: Connecting Economies Through CBDCs, Cross-Border Payments, and FX

Cross-border Payments and FX - Project mBridge and Connecting Economies

About this webinar Building on the G20’s priority to experiment with the use of new technologies to deliver real-time, cheaper and safer cross-border payments and settlements, the BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority, the Bank of Thailand, the Digital Currency Institute of the People’s Bank of China and the Central […]

​Bank of England and Quant share CBDC vision

​Bank of England and Quant share CBDC vision

Source: Quant ​During a panel session at the Financial Times Digital Assets Summit last week, the Bank of England’s director for central bank digital currency, Tom Mutton, and our CEO Gilbert Verdian shared their views on a digital pound and tackled questions from the audience about personal data privacy and interoperability. ​Joy Macknight, editor of The FT’s […]

Project Polaris: Handbook for offline payments with CBDC

Project Polaris: Handbook for offline payments with CBDC

Source: BIS DOWNLOAD THE HANDBOOK A survey conducted by the BIS Innovation Hub Nordic Centre shows that 49% of central banks consider offline payments with retail CBDC to be vital, while another 49% deemed it to be advantageous. Providing offline payments with CBDC is an important requirement for many central banks for reasons such as […]

The Future of Central Bank Digital Currency

The Future of Central Bank Digital Currency

Source: Ripple As 2023 unfolds, the future of digital currencies backed by central banks is accelerating.  According to a new report from Juniper Research, the global value of central bank digital currencies (CBDCs) will grow dramatically from $100 million today to $213 billion by 2030. Why is this high growth in CBDC adoption and use […]