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
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
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
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 […]
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 […]
Digital Pound Foundation joins the Hyperledger Foundation as an Associate Member
We are pleased to announce that the Digital Pound Foundation (DPF) has joined the Hyperledger Foundation as part of a group of 3 new Associate Members which includes the European Blockchain Association (EBA) along with DPF’s existing partners at the Digital Euro Association (DEA). To kick off their affiliation, the 3 new associate members, including […]
CBDCs in the spotlight at IFGS 2023
Source: Quant Innovate Finance’s Global Summit took place last week in London and central bank digital currencies were at the heart of the dialogue. Government ministers, central bankers, and commercial bank representatives all agreed: it’s now a question of how – not whether – to implement CBDCs. In his keynote address at Innovate Finance Global […]
Potential Scenarios for Deciding to Issue a Digital Shekel
Source: Bank of Israel The Bank of Israel Steering Committee on the Potential Issuance of a Digital Shekel outlines potential scenarios for deciding to issue a digital shekel; The following are the main points: The Bank of Israel must be prepared to advance the issuance of a digital shekel, if the variables listed above support it. […]
IMF to publish CBDC handbook in response to increasing demand for guidance
Source: Cointelegraph With interest in central bank digital currencies (CBDCs) at an “unprecedented” level, the International Monetary Fund (IMF) is experiencing heavy demand for guidance in regard to them. In response, the IMF planned to release a CBDC handbook, deputy managing director Bo Li said in a recent speech. The IMF official saw some urgency in meeting […]
IMF says global interest in CBDC ‘unprecedented’. Already helped 30 countries
Source: Ledger Insights Yesterday, Bo Li, the Deputy Managing Director of the International Monetary Fund (IMF), described the level of interest in central bank digital currency (CBDC) as ‘unprecedented’. Forty countries have approached the IMF for assistance and it has engaged with almost 30. The IMF sees one of its roles as CBDC capacity development. It released a paper […]