Korean central bank completes its CBDC pilot’s first phase
The first phase of the Bank of Korea’s central bank digital currency (CBDC) testing, which began in August 2021, has been completed successfully. The second phase of the testing is expected to be completed by June this year. The first round of the South Korean central bank’s CBDC simulated testing was finished in December, and […]
Malaysia’s Central Bank is actively considering CBDC options
In 2021, Malaysia collaborated with South Africa, Australia, and Southeast Asian neighbor Singapore to develop a proof-of-concept CBDC pilot. Malaysia has joined a growing list of countries looking at the benefits of researching and implementing a central bank digital currency (CBDC). While a decision on how to proceed with a CBDC has yet to be […]
Swiss central bank tests wholesale CBDC with commercial lenders and BIS
The Swiss National Bank (SNB) has completed a successful test of a wholesale central bank digital currency (CBDC) settlement system with commercial banks. SNB joins the list of countries piloting CBDCs The successful trial was a crucial component of the second phase of Project Helvetia, which aims to integrate tokenized financial assets with mainstream markets, […]
Mexico plans to establish a new CBDC by 2024
Mexico is set to establish a new national central bank digital currency (CBDC) in 2024, which will help the country become more financially inclusive. Mexico will establish a new CBDC in 2024 According to a tweet sent on Thursday, Mexico has declared that it would launch a new national central bank digital currency (CBDC) in […]
HSBC and IBM reports positive results on the pilot run of a multi-ledger CBDC
HSBC and IBM have successfully tested an advanced token and digital wallet settlement between CBDCs, the interoperability of the multi-ledger across platforms will help to save time, reduce market risk and improve security. The successful test of an advanced token and digital wallet settlement between two central bank digital currencies, or CBDCs, in a cloud […]