Palau advances CBDC with Ripple in Phase 2 of PSC program launch
Phase 2 of the PSC program will prioritize the development of a digital ecosystem and increased user engagement, emphasizing adherence to regulatory compliance. Go to Source
CBDC
Auto Added by WPeMatico
Kazakhstan central bank reviews digital tenge pilot successes, next steps
The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come. Go to Source
Ripple issues white paper on CBDCs, reiterates belief in their potential
The white paper states that CBDCs help expand financial inclusion, streamlining cross-border payments and reinforcing monetary policy control. Go to Source
Palau’s Ripple-supported stablecoin pilot achieves positive results
The U.S. dollar-pegged Palau Stablecoin was used by 168 volunteers for $100 of retail purchases in three months. Go to Source
Taiwan central bank completes wholesale CBDC study, plans next steps
A central bank official spoke about ongoing CBDC research and other payment modernization Taiwan is exploring. Go to Source
Italy and South Korea central banks agree on CBDC cooperation
The central banks of Italy and South Korea announced a memorandum of understanding in the development and deployment of their respective CBDCs. Go to Source
UK House of Commons recommends further CBDC tests on viability, risks
The U.K. Parliamentary Committee fears that an official launch will demand a significant investment, adding that “It is not clear to us at this stage whether the benefits are likely to outweigh these risks.” Go to Source
UK Legislators urge caution in retail digital pound rollout
The committee’s report recommends imposing lower initial limits on the value of retail digital pounds to alleviate the risk of potential bank runs amid market instability. Go to Source
Solomon Islands, Soramitsu team up for Bokolo Cash CBDC proof-of-concept
The Solomons join tiny island nations worldwide at the forefront of CBDC development. Soc A new CBDC joins the very large crowd. Go to Source
Digital Canadian dollar fails to impress despite high awareness
People who were aware of CBDCs were more reluctant to adopt the technology when compared to those who didn’t know about it. Go to Source