Ledger Insights - Digital Pound Foundation

Reserve Bank Australia says a live CBDC likely to be wholesale

Original Source: Ledger Insights During today’s payment systems board meeting, the Reserve Bank of Australia discussed central bank digital currency (CBDC). The synopsis states, “While most central banks are still investigating the potential merits, design and implications of CBDC, many see an increased likelihood of issuing some form of CBDC in the future, especially to support wholesale […]

Digital euro: new details emerge on how to limit CBDC holdings

Original Source: Ledger Insights The President of the Deutsche Bundesbank, Dr. Joachim Nagel, shared new details about plans for a digital euro during a July speech. While he covered the usual motivations and risks of a central bank digital currency (CBDC), he added some detail on how holdings of digital euros might be limited. In the past, there has […]

Brazil CBDC trials: farm lending explored by Digital Asset, Oliver Wyman, VERT

Original Source: Ledger Insights In March, Banco Central do Brasil unveiled nine participants in its Real Digital Lift Challenge, a central bank digital currency (CBDC) trial. One of the projects focuses on directed farm lending. Initially, the lending will be in tokenized commercial bank money, which could later switch to have the tokens backed by CBDC. […]

Banque de France plans pilot wholesale CBDC rollout for 2023

Original Source: Ledger Insights In a speech yesterday, François Villeroy de Galhau, the Governor of the Banque de France outlined the central bank’s expansion of its work on a wholesale central bank digital currency (CBDC). He wants the central bank to be ready to support the EU’s DLT pilot regime for tokenized securities which comes into force on 23 […]

Korea CBDC research to include 10+ banks

Original Source: Ledger Insights The Bank of Korea has completed the first and second phases of its retail central bank digital currency (CBDC) simulations and is now progressing to real-world tests involving at least ten commercial banks, Aju Economy reported. Those banks will include Shinhan Bank and NH Nonghyup Bank. The central bank plans to publish a report on […]

G20 report: CBDC for cross border payments highlights challenges

Original Source: Ledger Insights Today the Bank for International Settlements (BIS), the IMF and World Bank published a paper on cross border payments using central bank digital currency (CBDC). The report was prepared for the G20 as part of a program to enhance cross border payments, where CBDC is one of 19 building blocks. Almost every suggestion […]