Search Result for 'CBDC'

The Central Bank of Solomon Islands launched Bokolo Cash, a CBDC proof-of-concept, partnering with Japanese blockchain company Soramitsu, positioning the Solomons as leaders in CBDC development. Bokolo Cash ...

Ravi Menon, Singapore central bank managing director, predicts most private cryptocurrencies will fail as they lack stability and regulation Menon foresees future monetary system consisting of 3 components: ...

Mastercard's CFO says consumers are too comfortable with current payment methods for widespread CBDC adoption, despite Mastercard's CBDC projects. Mastercard sees more potential for CBDCs among institutions like ...

Federal Reserve and Bank of England officials remain open to central bank digital currencies but emphasize need for careful research and consideration before potential deployment. Fed Vice Chair ...

Mastercard has successfully completed a trial of wrapped central bank digital currencies (CBDCs) on various blockchains, showcasing the potential for using blockchain technology in innovative ways. The trial, ...

South Korea starts testing its central bank digital currency (CBDC) program. Both retail and wholesale forms of CBDCs are being examined, with oversight from top financial institutions. The ...

The General Manager of the Bank for International Settlements calls for an advanced legal framework to support central bank digital currency (CBDC).  Agustin Carsten advised countries to set ...

The House Financial Services Committee advanced a Republican-led bill prohibiting the Federal Reserve from issuing a central bank digital currency directly to individuals. Strong Democratic opposition labels the ...

The National Bank of Kazakhstan has established the National Payment Corporation (NPC) to lead the development and implementation of the country's (CBDC) digital tenge. The NPC will oversee ...

Jamaica's transport sector is prepared for a digital revolution, with local bus and taxi operators anxiously anticipating the integration of Jam-Dex, the country's central bank digital currency (CBDC). ...