The Republic of Palau partners with Ripple to develop a climate-friendly national digital currency
According to Ripple, the collaboration with the Republic of Palau “may see the introduction of the world’s first government-backed national stablecoin. The digital payment network Ripple has teamed with the Republic of Palau to assist in the development of the Pacific island nation’s own digital currency . The partnership’s initial focus will be on the […]
G7 leaders establish digital currency guidelines for central banks
This week, the Group of Seven (G7) advanced economies discussed central bank digital currencies (CBDCs), deciding that they should “do no harm” and adhere to strict guidelines. On Oct. 13, G7 finance officials gathered in Washington to discuss central bank digital currencies and adopted 13 public policy guidelines for their deployment. The G7 countries, which […]
G7 nations draft guidelines for a CBDC issuance
The G7, a group of seven industrialized nations, is expected to release guidelines for the creation of central bank digital currencies (CBDC), presently, no CBDC has been issued by any of the G7 countries. According to reports, the proposed rules are made up of 13 sections, with the major focus on transparency and privacy. The […]
Laos government partners with Soramitsu on a CBDC research
Laos has become the latest country to announce research on a central bank digital currency (CBDC), announcing a collaboration with Soramitsu, a Japanese distributed ledger technology (DLT) firm. The project is set to start this month, according to a Sunday article from Nikkei Asia, and follows the signing of a memorandum of understanding between Laos’ […]
Hong Kong is exploring the possibility of a Central Bank Digital Currency
The Hong Kong Monetary Authority (HKMA) launched an official white paper on Monday investigating the possibility of the digital Hong Kong dollar (e-HKD), a retail-focused central bank digital currency (CBDC) . According to the document, the HKMA will look into “potential architectures and design options” from a technical and regulatory policy standpoint, with the goal […]