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3232China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies
https://www.digit.info/china-hong-kong-thailand-and-uae-trial-cross-border-transactions-with-digital-currencies/
Thu, 29 Sep 2022 17:30:49 +0000https://www.digit.info/2022/09/29/china-hong-kong-thailand-and-uae-trial-cross-border-transactions-with-digital-currencies/Read more]]>The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were made as part of the pilot project with the participation of the Bank for International Settlements. Asian Central Banks Pilot Real-Value International Settlements With Digital […]
]]>G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies
https://www.digit.info/g7-finance-ministers-and-bankers-adopt-guidelines-for-central-bank-digital-currencies/
Fri, 15 Oct 2021 07:30:23 +0000https://www.digit.info/2021/10/15/g7-finance-ministers-and-bankers-adopt-guidelines-for-central-bank-digital-currencies/Read more]]>Any digital currency issued by a central bank must support financial and monetary stability, finance leaders from G7 member states have insisted. State-issued coins should also ensure privacy, transparency, and data protection, the officials stated. The forum adopted 13 public policy principles for retail digital currencies and stressed that “CBDCs are not ‘cryptoassets.’” CBDCs Must […]