FX spot settlement in 10 seconds: NY Fed releases results of wholesale CBDC research
Project Cedar successfully used custom distributed ledger technology to settle hypothetical transactions quickly “from the perspective of the Federal Reserve.”
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‘Atomic Settlement’ — New York Fed Completes First Phase of Digital Dollar Experiment Called ‘Project Cedar’
The Federal Reserve Bank of New York has published findings stemming from an experiment dubbed “Project Cedar,” a protocol that uses a wholesale digital dollar in order to improve financial…
Canada to examine crypto, stablecoins, and CBDCs in new budget
Canada’s government stated its concerns on the risks digital assets and the digitalization of money may pose to its financial system as a reason for launching the consultation.
CBDCs are no threat to crypto, says Binance boss
Binance CEO Changpeng "CZ" Zhao says there is room for CBDCs and crypto, and that he didn't see it as a threat to his company or the sector.
Chinese Central Bank Governor: User Privacy and Financial Security Key Principles Guiding CBDC Design Process
According to Yi Gang, governor of China’s central bank, the process of designing the country’s digital currency is premised on two principles, the protection of user privacy as well as…
Chinese central bank exec says digital yuan will offer ‘controllable anonymity’
China’s digital yuan is one of the earliest CBDCs whose pilot phase has expanded to include millions of users and billions in transaction volume.
Singapore’s MAS says no urgent case for retail CBDC, but launches 4 fast trials of it
The Monetary Authority of Singapore will trial a retail central bank digital currency in various contexts at a fintech event, despite the electronic payment options already available.
Reserve Bank of India to reportedly launch digital rupee pilot in November
Now debuting the wholesale CBDC, the RBI plans to launch the digital rupee for the retail segment within a month in select locations.
Bank of Thailand Needs More Time to Complete and Launch Retail Digital Currency
The central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to…
National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, Binance CEO Unveils
The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by…
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