Bank of Korea to start CBDC infrastructure pilot
The pilot will include private banks and public institutions, while the Bank for International Settlements (BIS) will provide expert technical support.
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The pilot will include private banks and public institutions, while the Bank for International Settlements (BIS) will provide expert technical support.
The first deputy governor at Banque de France calls central bank digital currency “the catalyst for improving cross-border payments.“
The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland just recently announced the successful completion of a new CBDC initiative called Project Mariana. This…
As the country is considered for EU membership, the digital lari is seen as providing interoperability with a digital euro while preserving monetary freedom.
Project Mariana was developed under the aegis of the Bank for International Settlements.
According to the Central Bank’s data, from January to August 2023, imports of crypto rose by 44.2%, compared to the same period last year.
BIS general manager Agustín Carstens stresses the importance of legal frameworks that protect CBDC users’ privacy and maintain monetary freedom.
The project now includes central and commercial banks of China, Hong Kong, Thailand and the UAE. Future new members were not identified.
The Bank of Russia is contemplating 2025 to be the year when the digital ruble, the local central bank digital currency (CBDC), may see widespread adoption in the country. This…
On Sept. 20, the CBDC Anti-Surveillance State Act passed out of the Financial Services Committee. Republican Senator Tom Emmer said it was, “A historical step in defending against an ever-expanding…