Cryptocurrency Analysis and News Portal
Mastercard has completed a trial involving wrapping central bank digital currencies (CBDCs) on different blockchains, similar to wrapped Bitcoin (wBTC) and wrapped Ether (wETH).According to the Oct. 12 announcement, the trial was conducted with the Reserve Bank of Australia (RBA) and the country’s Digital Finance Cooperative Research Centre CBDC, along
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The Hong Kong Monetary Authority (HKMA) works on two CBDC-related projects, MBridge and e-HKD. The central banks of Hong Kong, China, Thailand, and the United Arab Emirates, along with HMKA, are working on developing mBridge, a cross-border central bank digital currency (CBDC) initiative. It is expected that the project will be launched
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The ECB lawmakers favored Cipollone’s candidacy to steer forward the agenda of a digital Euro to reinforce the public money infrastructure amid the mainstream adoption of digital assets. The European Union is preparing to roll out its Central Bank Digital Currency (CBDC) in a few years to keep its economic outlook
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Juan Agustín D’Attellis Noguera, Director of the Argentina Central Bank, supports developing a local CBDC. The Minister of Economy, Sergio Massa, brought the initiative, aiming to create a CBDC to solve the country’s complex economic situation. D’Attellis Noguera said creating a local CBDC could help stabilize the Argentine economy. Noguera stated: “By having
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The development of a central bank digital currency (CBDC) by the European Central Bank (ECB) faces pushback from European lawmakers. According to an Oct. 5 report by DL News, member of European Parliament Stefan Berger confirmed there will be no imminent decision by the ECB on implementing a digital euro. Berger
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Juan Agustín D’Attellis Noguera, a director of Banco Central de la República Argentina, the country’s central bank, publicly supported the Minister of Economy Sergio Massa in his promotion of central bank digital currency (CBDC) as a remedy for the national economy. Giving commentary on local television, Noguera expressed his belief that the “digital
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A common argument made in favor of central bank digital currency (CBDC) is that it could boost financial inclusion. The nuances of how to accomplish that goal, or even what “financial inclusion” means, remain to be explored, a Bank of Canada discussion paper said. It concluded that central banks will
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The Bank of Korea (BOK), is launching a pilot project in collaboration with the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) to explore the implementation of a central bank digital currency (CBDC). The primary objective of this pilot is to assess the practical aspects of a wholesale
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Aside from the commercial bank, the Bank for International Settlements (BIS) will participate in the pilot to provide technical guidance and expertise to users. South Korea has become the newest country to conduct a pilot program to explore the technical infrastructure necessary for a central bank digital currency (CBDC). On October 4,
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A central bank digital currency usable by financial markets is moving faster than a more controversial plan targeting regular citizens Source
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