Singapore’s Central Bank to Trial Wholesale CBDC Settlements
Local institutions will utilize a live wholesale CBDC for settlements, as disclosed by the Monetary Authority of Singapore. The Central Bank of Singapore has introduced a pilot program for a central bank digital currency (CBDC) pegged to the Singapore dollar. The objective is to enable local institutions to conduct settlements using the CBDC. Attending the […]
Mastercard Reports Successful Trial of Wrapped CBDCs
Mastercard has concluded an experiment involving the wrapping of central bank digital currencies (CBDCs) on various blockchains. The Reserve Bank of Australia (RBA) and the country’s Digital Finance Cooperative Research Centre CBDC and Cuscal and Mintable participated in the trial, as announced on October 12. Mastercard stated that the solution enabled a CBDC owner to […]
Kazakhstan Forms Regulatory Agency For CBDC Implementation
The National Bank of Kazakhstan (NBK) has established a separate entity to lead the implementation of the country’s CBDC, the digital tenge. The National Bank of Kazakhstan (NBK) has created a separate organization to oversee establishing and implementing the digital tenge, the country’s central bank digital currency (CBDC). The National Payment Corporation (NPC) is a […]
Brazilian CBDC Receives Official Name And Logo
Previously known as “digital real,” the digital currency issued by the Brazilian central bank now has an official brand name. The Brazilian central bank digital currency (CBDC), formerly known as “digital real,” now has an official brand moniker. It would be known as Drex. The Central Bank of Brazil issued a press release on August […]
Bank of England Might Establish CBDC
Bank of England is closer to launching its own CBDC, colloquially known as “Britcoin,” according to Rosalind findings. The Bank of England (BOE) is approaching the launching of its digital currency following the conclusion of a year-long project that determined the technology could facilitate a “diverse range” of new monetary applications. The BOE and the Bank […]