Rwanda Publishes New CBDC Feasibility Study
A comprehensive feasibility study on the potential implementation of a Central Bank Digital Currency (CBDC) in Rwanda has revealed several key opportunities and challenges from economic, functional, legal, and financial perspectives. This study emphasises the strategic advantages and the robust design considerations necessary for the successful integration of a CBDC into Rwanda’s financial ecosystem. The […]
Making CBDCs work for offline payments
Source: Quant In this article, we explore some of the key challenges associated with offline payments, why they must be an integral part of any central bank digital currency project and how to ensure that – while offline – they are secure and resilient enough to protect against cyberthreats and other financial crime. What are […]
Hong Kong Introduces New Group to Expand Tokenization Market
The Hong Kong Monetary Authority (HKMA) has launched the Project Ensemble Architecture Community (PEAC) to collaborate with various industry stakeholders in advancing Hong Kong’s tokenization market. This initiative seeks to establish a framework of industry standards aimed at enhancing interoperability among different digital assets, including wholesale Central Bank Digital Currencies (wCBDC), tokenized money, and tokenized […]
The Social and Economic Benefits of a CBDC | Poundcast Episode 15
In Episode 15 of the Poundcast, we are joined by Simon Youel, Head of Policy and Advocacy at Positive Money, a key player in the realm of economic reform and an advocate for the responsible creation and distribution of money. As a recent addition to the DPF community, Positive Money brings a wealth of insights […]
Bank of Japan’s CBDC Update: New API Sandbox for Digital Yen Development
The Bank of Japan (BoJ) recently shared insights from an interim report on its ongoing exploration into a central bank digital currency (CBDC), highlighting the launch of a CBDC API Sandbox earlier this month. This new phase of development draws inspiration from the Bank of England’s Project Rosalind and represents an advancement from the two […]
Mauritania Central Bank Collaborates with Giesecke+Devrient to Develop a National CBDC
The Central Bank of Mauritania (CBM) has partnered with the German security technology company Giesecke+Devrient (G+D) to create and launch a digital version of its national currency, the Ouguiya. This collaboration aims to explore the potential benefits and requirements of a Central Bank Digital Currency (CBDC) in Mauritania. The goal of the agreement between CBM […]
Modernizing Financial Markets with Wholesale Central Bank Digital Currency (wCBDC)
Achieving secure and efficient modernisation of wholesale financial markets will require close collaboration between the public and private sectors. As such, the World Economic Forum, in collaboration with Accenture, have published a new report exploring practical insights for policymakers and the private sector as they plan for the potential adoption of wCBDCs. Nearly all central […]
New Zealand Enter Stage 2 Exploration into CBDC
In an era increasingly defined by digital transactions, the Reserve Bank of New Zealand (RBNZ), also known as Te Pūtea Matua, is exploring the introduction of a digital cash system. Their initiative aims to complement, rather than replace, the traditional use of physical cash, acknowledging the evolving payment landscapes while maintaining a stronghold on accessibility […]
Global Blockchain Business Council (GBBC) partners with the Digital Pound Foundation
We are pleased to announce that Global Blockchain Business Council (GBBC) has joined the Digital Pound Foundation (DPF) as a strategic partner. GBBC is the largest leading industry association for the blockchain technology and digital assets community. Launched in Davos in 2017 as a Swiss-based non-profit, GBBC has more than 500 institutional members, and 301 […]
Quant, HSBC, R3, Visa, among 13 others chosen by UK Finance to join next prototype phase
UK Finance has unveiled plans for a new phase of experimentation within the UK Regulated Liability Network (RLN), involving eleven of its member institutions. The RLN initiative aims to establish a versatile ‘platform for innovation’ accommodating various forms of currency, including traditional commercial bank deposits and tokenized equivalents. By fostering collaboration among multiple stakeholders in […]
