Bank of England focuses on offline payments in CBDC proof-of-concept
Source: Global Government Fintech The Bank of England (BoE) is looking to bring in external expertise for a project exploring the ‘complicated’ possibilities and challenges of offline central bank digital currency (CBDC) payments. A decision has yet to be made on whether to introduce a CBDC in the UK and the BoE has been relatively […]
Santander Proposes Project to Tokenize and Trade Properties With the Brazilian CBDC
Source: Bitcoin.com Santander, one of the largest banking institutions with a presence all over the world, has presented a proposal to enhance the use case of the proposed central bank digital currency (CDBC), the digital real, in Brazil. Santander is using technology coming from another company, Parfin, to tokenize the property rights of the assets […]
Project Aurum: a prototype for two-tier central bank digital currency (CBDC)
Source: BIS Project Aurum is a collaboration between the BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority, and the Hong Kong Applied Science and Technology Research Institute. Aurum is a full-stack (front-end and back-end) central bank digital currency (CBDC) system comprising a wholesale interbank system and a retail e-wallet system. The aim was […]
Eswatini Central Bank Partners With German Firm to Explore CBDC
Source: Bitcoin.com Eswatini recently became the latest African country to jump on the central bank digital currency (CBDC) bandwagon after its central bank selected Giesecke Devrient, a Germany-based technology firm, as its partner. An agreement signed by both parties aims to enable them to deepen their “understanding of the practicalities of implementing a CBDC in […]
Block Stars with David Schwartz: Episode 14, Central Bank Digital Currencies
The latest episode of Block Stars features David Schwartz and Antony Welfare—Senior Advisor at Ripple—to discuss the opportunity for DLT technology to support a CBDC system, global adoption and more.
CBDCs present new opportunities for handling disputes and fraud
Source: OMFIF, written by Neha Narula, Tadge Dryja, Muhammad Saad, Adam Oest and Sarah Xu Central bank digital currencies potentially offer, in a digital form, the advantages of central bank money: settlement finality, liquidity and integrity. However, both offline and online commerce are susceptible to fraud and other kinds of disagreements. The existing techniques for […]
Sibos 2022: Gilbert Verdian, Founder and CEO of Quant, joined FinextraTV to discuss digital assets
Gilbert Verdian, Founder and CEO of Quant and Board Director of the Digital Pound Foundation, joined FinextraTV to discuss the traction of digital assets amongst institutions and central banks’ exploration of CBDC use cases.
Bank of China: Digital yuan transactions volume crossed $14B mark
Source: Cointelegraph China’s central bank digital currency (CBDC) project has reached the mark of close to $14 billion, or 100.04 billion yuan, of made transactions during its pilot phase. It makes the digital yuan, also known as the e-CNY, the most widely adopted CBDC in the world. As the Bank of China reported in the post on its official […]
‘Comprehensive’ International Crypto Rules Proposed by Influential Finance Watchdog
Source: Coindesk Stablecoins could be forced to centralize issuance and major crypto platforms broken up under plans put forward by the Financial Stability Board (FSB) Tuesday. The Financial Stability Board, a watchdog agency and standard setter for the global financial system supported by central banks and finance ministries, wants to see a comprehensive international rulebook […]
Modulr announces membership of Digital Pound Foundation Steering Committee and joins Payments and Use Cases working groups
We are very pleased to announce the addition of Modulr to the Digital Pound Foundation’s membership community. Since its inception in 2016, Modulr has grown to become the leading provider of embedded payments to businesses across the UK and Europe. Authorised by the UK’s FCA, the Central Bank of Ireland and de Nederlandsche Bank as […]
