Standard Chartered, PwC make case for programmable CBDC in China Greater Bay Area
With 11 megalopolises and three currencies, Guangdong, Hong Kong and Macao make up a region that is ripe for CBDC research. Go to Source Powered by WPeMatico
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Microsoft’s CSO says AI will help humans flourish, cosigns doomsday letter anyway
Eric Horvitz penned a blog post lauding the transformative nature of AI on the same day he cosigned a document warning it could kill us all. Go to Source Powered by WPeMatico
Japan launches digital yen pilot project after second successful proof of concept
With the end of the proofs of concept, the Bank of Japan has initiated its CBDC pilot and plans more to gather more public and business feedback. Go to Source Powered by WPeMatico
ECB sums up digital euro prototyping exercise as it nears possible pilot launch
The European Central Bank exercise looked at a variety of use cases, most of which were quite satisfactory, as well as the use of self-custodied wallets. Go to Source Powered by WPeMatico
Visa, Microsoft and others join Brazilian CBDC pilot
Both national and global companies will take part in the upcoming pilot project of the Brazilian central bank digital currency. Go to Source Powered by WPeMatico
7 central banks and BIS continue examination of ongoing policy issues for retail CBDC
The Bank for International Settlements has published the fifth paper by the group, highlighting its latest thinking on a potential retail CBDC. Go to Source Powered by WPeMatico
CBDCs on the horizon: The current state of CBDC initiatives around the world
Central bank digital currencies gain traction as countries worldwide engage in their development despite skepticism from the crypto community. Go to Source Powered by WPeMatico
Russian lawmakers propose amendments to digital ruble bill
The bill could be changed regarding debt operations, services for non-residents and the role of the central bank. Go to Source Powered by WPeMatico
NY Fed and MAS publish joint CBDC cross-border payment project results
The researchers built on their separate projects to demonstrate cross-border payments using illiquid currencies with an intermediate “vehicle” currency. Go to Source Powered by WPeMatico
IMF sees room for eNaira improvement in first year assessment
The world’s second-ever CBDC has yet to reach 1% of Nigeria’s population, according to the IMF assessment. Go to Source Powered by WPeMatico