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The payments giant has a CBDC Partner Program that includes participants such as Ripple, Fireblocks and Consensys. The move was designed to encourage conversations among key players in the industry, but was seen as a way for Mastercard (MA) to deepen its involvement with CBDC developments as the number of
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A pilot program for a live Singapore dollar-based central bank digital currency (CBDC) was unveiled by Singapore’s central bank with a wholesale CBDC to be used by local banks for settlements. “I am pleased to announce that MAS will pilot the ‘live’ issuance of wholesale CBDCs to instantaneously settle payments across
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The Monetary Authority of Singapore (MAS) is set to launch a live pilot of a CBDC for wholesale interbank settlements, marking a significant step in the integration of digital currencies into mainstream banking operations. The Monetary Authority of Singapore (MAS) has announced plans to implement a live central bank digital currency
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MAS’ Orchid Blueprint sets out the technology infrastructure required for digital money transfers in the future, and a new set of four trials involving industry players looks to test various components. One, looking at tokenized bank liabilities for retail payments, will first be trialed at the Singapore FinTech Festival 2023,
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Commerzbank becomes the first major German bank to receive a cryptocurrency custody license, signaling a strategic move into digital asset services. Commerzbank AG, Germany’s fourth-largest banking institution, has obtained a regulatory custody license for cryptocurrencies. This makes Commerzbank the first German full-service bank to acquire such a license, marking a significant
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"If appropriately designed, CBDC has the potential to improve payment systems and support a role for central bank money even as other digital payment solutions proliferate. But the appropriateness of CBDC will vary with country circumstances. Given the complexities and the novelty involved, policymakers need to explore CBDC carefully and
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The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original Source
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The public sector should continue to prepare for CBDC deployment, IMF Managing Director Kristalina Georgieva said. Original Source
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The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said. Source
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