Australian Reserve Bank’s ‘Project Atom’ CBDC research finds numerous benefits
Following Treasurer Josh Frydenberg’s “payments and crypto reform plan,” the RBA has published a report exploring DLT tech and wholesale CBDC issuance.
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Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc
Although the project was a success, the central banks warned that significant rulebooks, contingency procedures and monitoring capabilities were needed to ensure the success of a CBDC.
Australia to Enforce a Cryptocurrency Reform Plan in 2022, Says Treasurer
The Australian politician and Federal Treasurer – Josh Frydenberg – indicated that Australia would implement a “comprehensive payments and crypto-asset reform plan” next year. The legislation is expected to enhance…
Zimbabwe Central Bank Chief: ‘We Don’t Believe in Cryptocurrencies’
The Reserve Bank of Zimbabwe remains opposed to cryptocurrencies but is interested in developing its own digital currency, its governor has said. Central Bank Does Not Believe in Cryptos The…
Australian government gives nod to 6 world leading crypto reforms
“What is clear is that if we embrace these developments, Australia has an enormous opportunity to capitalize on the convergence between finance and technology,” Treasurer Josh Frydenberg said.
Bank Indonesia Aims to Fight Bitcoin with Its CBDC (Report)
The central bank of Indonesia is willing to issue a digital form of its national currency as a way to “fight” private digital assets. The financial institution believes a CBDC…
Blockchains need to move toward standards for interoperable asset transfers
A new emerging economy, which includes blockchain-native tokens, digital tokens, stablecoins and CBDCs, requires interoperable blockchain standards.
ECB Paper Marks Success Factors for CBDCs, Digital Euro
A paper published by the European Central Bank (ECB) discusses various conditions for successful implementation of central bank digital currencies (CBDCs) such as the eurozone’s own digital euro. The authors…
US Treasury Secretary Yellen Says She’s Undecided Whether the Fed Should Issue Digital Currency
The U.S. Treasury Secretary Janet Yellen says that she has not made up her mind about whether the Fed should issue a central bank digital currency (CBDC). “There are some…
Digital dollar needs broad consensus among authorities, says US Treasury Secretary
Such a move would require broad consensus among Congress, the U.S. central bank and the White House.
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