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
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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
BIS advises central banks to plan in advance for CBDC security
From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider. Go to Source
BIS Innovation Hub presents its ‘private CBDC’ project
The Bank for International Settlement’s Project Tourbillon features two eCash prototypes, the first providing “unconditional payer anonymity” and the second being “more resilient” in security terms. Go to Source
More foreign banks join China’s CBDC pilot trials
A total of four foreign banks have integrated China’s e-CNY CBDC thus far. Go to Source
Standard Chartered joins China’s CBDC pilot testing
The British bank will provide e-CNY CBDC services to clients and explore its future use in China’s financial system. Go to Source
South Korea to invite 100,000 citizens to test CBDC in 2024
Participants will be restricted to using the CBDC only for payment, without an option to store, exchange, or send it to other users. Go to Source