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 […]
Monetary Authority of Singapore shortlists 15 companies to develop retail CBDC
The Monetary Authority of Singapore (MAS) has chosen 15 participants in the “Global CBDC Challenge” to assist in the development of a retail CBDC. In the end, only three winners will be chosen for deploying a retail CBDC in Singapore. Six businesses from Singapore, four from the United States, and one each from Australia, Barbados, […]
Central Bank of Nigeria releases draft rules for the eNaira CBDC programme
The planned central bank digital currency, according to the CBN, will have parity of value and will operate as a non-interest-bearing CBDC (Central Bank Digital Currency). The Central Bank of Nigeria (CBN) has announced preliminary instructions for its proposed eNaira digital currency, which is expected to be launched later this year. The Central Bank of […]
India CBDC preliminary trials may commence in December, says RBI governor
As CBDC exploration continues to gain traction around the world, India’s central bank is carefully weighing the advantages of releasing a digital rupee to the country’s citizens. A preliminary central bank digital currency (CBDC) trial by the Reserve Bank of India could begin before the end of the year, according to reports. In an interview […]
Poll shows British citizens have reservations about a CBDC
According to the findings of a recent poll conducted on behalf of Politico by Redfield & Wilton Strategies, a majority of British adults are concerned about a central bank digital currency (CBDC) produced by the Bank of England (BOE). The 2,500 British citizens polled in early August voiced reservations and worries about the underlying societal […]