Central Bank of Iran to Introduce CBDC Soon
Mohammad Reza Farzin, the governor of the Central Bank of Iran (CBI), announced at a national banking conference on November 25 that Iran will introduce a central bank digital currency (CBDC) shortly. He emphasized the country’s advanced digital financial infrastructure and vowed to innovate despite sanctions. According to Tasnim, Farzin stated at the Modern Banking […]
Chainlink, Microsoft, Others Partner for Brazil’s CBDC Pilot
Brazil’s central bank, Banco Central do Brasil (BCB), has initiated phase two of its Drex central bank digital currency (CBDC) pilot, leveraging Chainlink’s CCIP and Microsoft’s cloud infrastructure. Phase two aims to develop a trade finance solution that employs blockchain technology and oracles. Microsoft, Chainlink, Banco Inter, and 7Comm collaborate on the initiative to investigate […]
South Korea Launches CBDC Pilot with Seven Local Banks
Seven South Korean financial lenders have been permitted to participate in a pilot project that will test digital financial services based on CBDCs. Seven domestic banks have been given permission by the Financial Services Commission of South Korea to take part in a pilot program that will test digital financial services based on deposit tokens […]
Norway Central Bank to Decide on Digital currency Recommendation
According to Deputy Central Bank Governor Pal Longva, Norway’s central bank, Norges Bank, will decide whether or not to launch a digital currency the following year. Pal Longva, the deputy central bank governor of Norway, stated in an interview with Bloomberg on October 22 that the bank is on schedule to complete a recommendation for […]
Central Bank of Brazil Invites Applications for CBDC Pilot
Drex can submit proposal applications to the Central Bank of Brazil between October 14 and November 29. The Central Bank of Brazil has declared that it has already approved 13 cases with intricate requests for tokenized real estate, encompassing government-backed loans, agriculture assets, assets in public networks, vehicle negotiations, carbon credits, debentures, and real estate. […]