Honduras and Guatemala are studying CBDCs and the values they bring
Following El Salvador’s Bitcoin debut, Honduras and Guatemala, two Central American countries, are studying central bank digital currencies and the value they could bring to their respective monetary systems. Rather than adopting an existing cryptocurrency as legal money, as El Salvador did, Honduras and Guatemala’s central banks are now researching central bank digital currencies (CBDC). […]
Ex-IMF economist leads Roxe’s Bitcoin-backed CBDC project
Roxe, a global payment network, has hired a seasoned economist from the International Monetary Fund (IMF) to oversee its CBDC initiative. Roxe stated Wednesday that Andreas Jobst, a veteran of the IMF, World Bank, and Bermuda Monetary Authority, has been named head currency economist. Jobst will be in charge of scaling Roxe’s CBDC Plus Program […]
The central banks of Australia, Singapore, Malaysia and South Africa announces a joint CBDC pilot
The combined endeavor will develop shared DLT platforms that will allow institutions to settle cross-border transactions using digital currency issued by central banks (CBDCs). Australia’s, Singapore’s, Malaysia’s, and South Africa’s central banks have announced a cooperative endeavor to test international settlements using digital currencies issued by central banks (CBDCs). Project Dunbar will test shared systems […]
Chinese banks sets to accept e-yuan for buying insurance and investment funds
Chinese banks supported by the Chinese government are apparently looking into additional uses for the digital yuan (e-yuan), such as allowing citizens to buy insurance and investment funds online. Leading Chinese banks such as Bank of Communications (Bocom) and China Construction Bank (CCB) are collaborating with fund managers and insurers to enable e-yuan payments in […]