Page 46 - Cbdc News Today

The Bank of Japan (BOJ) began experiments on Monday to study the feasibility of issuing its own digital currency, joining efforts by other central banks that are aiming to match the innovation in the field achieved by the private sector.

Central Banking Print this page   When the world’s first retail central bank digital currency (CBDC) was launched in the Bahamas last year, it came with little fanfare. A simple tweet from the central bank announced the sand dollar was available to the general public. The same cannot be said for the live pilot launch of DCash – the Eastern Caribbean Currency Union’s CBDC – which was announced on March 31 at a virtual event that featured speeches, live demos and a competitio...

Crypto regulation offers India an opportunity that must be seized Photo: Reuters Sunil Mehta, L. Viswanathanare The country has a chance to lead the world in adopting appropriate regulatory architecture for a promising financial concept Share Via Read Full Story The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is under review and likely to be tabled in Parliament shortly. The contours of the bill are not public yet. However, market commentary suggests that it will perm...

Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the need for the central bank to "prepare thoroughly" for the time it may need to issue its own digital currency.

Argentina Is Starting to Think About a Digital Peso Governor Raúl Jalil has submitted a formal proposal to President Alberto Fernandez to consider creating a digital peso for Argentina. The governor of Catamarca has submitted a formal proposal to begin the process. Its just the first of many steps should Argentinas president opt to move forward. The governor of the Argentine province of Catamarca, Raúl Jalil, submitted a written proposal earlier this week to the countrys president, Alberto Fe...

Crunchfish is a technical pioneer within digital payments with its novel Digital Cash solutions that settle physical payments in two steps, first offline and then online, making digital payments robust and also preserves the payer's integrity. Digital Cash is extremely flexible and interoperable with all types of payment services, even cross-border and cross-schemes. Today Crunchfish announces that its Digital Cash solutions can solve Central Bank Digital Currency, CBDC implementation issue...

Central Banking Print this page   Three Caribbean central banks have announced plans to introduce or expand experimental retail central bank digital currency (CBDC) programmes in the coming months. Jamaica’s central bank announced plans for an experimental CBDC, while that of the Eastern Caribbean Currency Union said it would expand its existing pilot project. The Central Bank of the Bahamas upgraded its “sand dollar”, which some observers describe as the world’s first CBDC...

Venezuelas Maduro Says Hes Planning a Digital Currency Surprise Venezuela may soon begin development on a "digital bolivar." The project is being kept under wraps, but regional experts have some ideas on what it will be. In brief The details of the project are not yet known. Regional experts shared with Decrypt a few ideas about what to expect. Nicolás Maduro, Venezuela’s disputed president, said yesterday that his team is working on yet another "surprise" that is sure to raise eyebrows amo...

Cambodia is currently the only country in the world which has used DLT (distributed ledger technology or blockchain) to construct a national payment structure, which is called Bakong, said Sopnendu Mohanty.

The People’s Bank of China is joining the Multiple Central Bank Digital Currency Bridge, a project exploring cross-border payments using distributed ledger technology, the latest step in Beijing’s long-term pursuit of yuan internationalisation.