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
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 […]
An Interview with Gilbert Verdian, Founder and CEO of Quant, about the prospect of a digital Pound
In the second of our member video series, we talk with Gilbert Verdian of Quant about his prospects of a digital Pound and why they chose to become a member of the Digital Pound Foundation. If you would like to learn more about Quant and explore some of Gilbert Verdian’s insights, be sure to visit […]
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 […]
Australia marks first FX transaction using a CBDC as eAUD pilot continues
Source: Cointelegraph Australia has successfully made its first foreign exchange transaction using eAUD as part of a live pilot for the country’s potential central bank digital currency. It comes amid a rising interest from countries around the world to learn about or launch central bank-issued digital currencies. Blockchain infrastructure provider Canvas said that on May 17, crypto […]
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, […]
Chinese Universities Begin Adopting Digital Yuan – Students to Lead CBDC Drive?
Source: CryptoNews Universities in China say they are adopting the digital yuan, and looking for ways to allow students to use the nation’s central bank digital currency (CBDC) in “every” aspect of their campus lives. In an interview with the Chinese media outlet Stockstar, one of the firms at the center of the adoption drive said it was targeting […]
Jamaica to drive CBDC adoption with e-commerce marketplace
Source: Ledger Insights Earlier this month, Jamaican Senator Aubyn Hill announced the creation of a “digital marketplace” for e-commerce to enable consumers to pay with the country’s central bank digital currency (CBDC), the JAM-DEX. Digital marketplace aims “We have various payment platforms in the marketplace now such as Lynk and Jam-Dex. However, there are still not […]
Ripple to Showcase Real Estate Asset Tokenization Solution as part of the Hong Kong Monetary Authority’s Inaugural e-HKD Pilot Programme
Source: Ripple Ripple, the leader in enterprise blockchain and crypto solutions, announced today that it has been selected to showcase a real estate asset tokenization solution as part of the Hong Kong Monetary Authority’s (HKMA) inaugural e-HKD Pilot Programme. The HKMA has adopted a three-rail approach to prepare for the possible rollouts of the e-HKD. As a leading […]
Hong Kong to run e-HK CBDC trials with 16 firms
Source: Finextra The Hong Kong Monetary Authority has selected 16 firms to participate in trials of an e-HK CBDC pilot programme. The central bank committed to exploring further the potential for a retail central bank digital currency (CBDC) in September, after a positive response to consultations scoping out the technical and policy perspectives. The first round of […]