Pakistan’s State Bank Eyes CBDC Launch by 2025 Amid Global Innovation Pace
The State Bank of Pakistan (SBP) has expressed its interest in launching a central bank digital currency (CBDC) experiment, adopting a cautious approach to its development. SBP Governor Jameel Ahmad stated that the bank aims to accelerate CBDC development in the coming months to keep pace with global innovation. There are hints that a CBDC […]
India, UAE central banks collaborate on CBDCs with cross-border features
Source: Coingeek The Reserve Bank of India (RBI) and the Central Bank of the UAE (CBUAE) have announced that both entities will exchange ideas on the best ways to launch a central bank digital currency (CBDC). The plans were contained in a memorandum of understanding (MoU) signed by both parties that will see both banking regulators conduct joint proof-of-concept […]
NY Federal Reserve testing CBDCs to improve foreign exchange transactions
Source: CoinGeek The New York Federal Reserve (NY Fed), in conjunction with the Bank for International Settlements (BIS) Innovation Hub, is looking into the use of central bank digital currency (CBDC) to streamline the settlement times of foreign exchange (FX) transactions. The exploration is part of Project Cedar, an experiment conducted by the BIS to test the […]