Regulated Liabilities and the Future of Digital Money | Poundcast Episode 2
Description In this episode, host Jannah Patchay, Policy Lead and one of the originating members of the Digital Pound Foundation speaks to Tony McLaughlin, Managing Director of Emerging Payments and Business Development at Citibank. Jannah and Tony have a wide-ranging discussion on what would make a digital Pound a foundation for innovation and what attributes […]
RBI Reportedly In Talks With Four Public Sector Banks To Launch Digital Currency This Year
Original Source: India Times India’s central bank, the Reserve Bank of India (RBI), has reportedly asked four public sector banks to run a pilot Central Bank Digital Currency (CBDC) project ahead of a possible rollout in this financial year. RBI is also said to be holding consultations with a clutch of fintech companies. The list of […]
Ripple to Participate in the Digital Dollar Project’s CBDC Sandbox Program
Original Source: Bitcoin.com The non-profit organization promoting the creation of the digital dollar, the Digital Dollar Project, has announced the launch of a sandbox program to kickstart the probe of the technical implementations of the envisaged digital currency. The fintech firm Ripple is among the four participants that are expected to help the Digital Dollar […]
CBDCs and Interoperability: Bridging the Gap in Innovation
Webinar Description Central Bank digital currencies (CBDCs) will play a critical role in the new, modern global financial infrastructure that blockchain technologies will undoubtedly underpin. But, for a truly global system to work, interoperability is key. In this webinar, industry experts explore the future of CBDCs, the impact of CBDCs on cross-border payments and the […]
Behind the Scenes, Hong Kong is Setting the Stage for the Next Fintech Revolution
Original Source: Finextra All around the world, central banks are exploring and experimenting with the potential of Central Bank Digital Currency (CBDC), with around 100 countries having launched projects related to the technology to date. While the technology is still in its infancy, it has the potential to fundamentally alter the global payment landscape and […]
A Lot More Required for CBDC Adoption to Take Off In Emerging Markets
Original Source: PYMNTS.com It’s been over a year since the Central Bank of Nigeria (CBN) issued a circular prohibiting banks and other financial institutions from facilitating cryptocurrency transactions and processing payments for crypto exchanges, lest they risk “severe regulatory sanctions.” In a statement, the bank said the directive, which saw Binance and other exchanges halt deposits […]
FIS is latest payments firm to launch CBDC Lab
Original Source: Ledger Insights Yesterday FIS, the banking sector solution provider, announced plans to help central banks to launch central bank digital currencies (CBDC) through its CBDC Virtual Lab, which is in collaboration with digital payments startup M10 Networks. The Lab will let central banks, commercial banks and payment firms experiment and pilot CBDC issuance, payments, programmable […]
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 […]
Zimbabwe explores central bank digital currency (CBDC)
Original Source: Bulawayo24 The Reserve Bank of Zimbabwe (RBZ) says it is moving ahead with plans to create Zimbabwe’s own Central Bank Digital Currency (CBDC) on a phased approach. RBZ Governor Dr John Mangudya said the bank’s intention to explore the CBDC was pursuant to the Cabinet decision of November 2021 and “taking into account […]
The US Appears in No Rush on CBDCs
Original Source: Coindesk Might the U.S. consider embracing private stablecoins instead of a FedCoin? On this episode of The Breakdown, NLW looks at the state of the U.S. discussion about a central bank digital currency. Based on statements from the Federal Reserve, members of Congress and others, does it look like the U.S. is headed […]
