BIS, BoE conclude Project Meridian Pilot Test
The Bank of England (BoE) and the Bank for International Settlements (BIS) have concluded pilot testing for a system for inter-institutional settlements driven by distributed ledger technology known as Project Meridian. A report on the joint experiment Meridian pilot experiment with the Bank of England was released by BIS on April 19. The 44-page report […]
Bank Of Japan gets ready for digital yen pilot program
The Bank of Japan has said that it is prepared to investigate the issuance of a CBDC through a pilot program that will begin in April. In order to offer the general public a safe digital payment system, the Bank of Japan has declared its aim to get ready for any prospective issuing of a […]
UAE Central Bank Signs CBDC Agreement
The Central Bank of the United Arab Emirates (CBUAE) is inching closer to fully launching its central bank digital currency (CBDC) . According to a statement on March 23, the CBUAE struck an agreement with Abu Dhabi’s G42 Cloud and digital banking services provider R3 to be the infrastructure and technology suppliers of the Central […]
India, UAE sign bilateral CBDC, Fintech innovation agreement
In a significant move towards fostering innovation in the financial sector, CBUAE and RBI have signed a CBDC and Fintech innovation agreement. The agreement aims to improve coordination between the two central banks, with a particular emphasis on new fintech applications like central bank digital currencies (CBDCs). According to the terms of the Agreement, the […]
Swift Launches Second Phase Of Its CBDC Pilot Program
Swift’s phase two CBDC pilot study will explore the benefits and challenges of integrating digital currencies with its platform. Following the encouraging outcomes from the first phase, Swift, a well-known financial messaging network, has announced preparations to start its phase two pilot program. The pilot program’s goal is to evaluate potential use cases for Swift’s […]