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Crypto Market Insights: BIS Work With Asian Central Banks

Published: October 9, 2023

BIS announced Projects Mariana and Mandala with Asian central banks. UBS launched its tokenized VCC fund in Singapore. HKEX builds smart contract settlement platform.

Source: forbes.com

Bank of Korea takes first step to adopt centralized digital currency

Published: October 4, 2023

The Bank of Korea (BOK) announced its first move toward adopting a central bank digital currency (CBDC). A CBDC is a new form of digital money issued by a central bank.

Source: koreatimes.co.kr

rbi: India in talks with more jurisdictions to make material impact on cross-border payments: RBI DG

Published: September 29, 2023

India is in discussions with other jurisdictions to address the high cost of cross-border remittances, according to Reserve Bank Deputy Governor T Rabi Sankar. He described the current situation as "unconscionable" given the availability of cheap data connectivity. Sankar suggested that the introduction of a central bank digital currency (CBDC) could lower the cost of cross-border payments by bypassing the legacy correspondent banking system.

Source: indiatimes.com

SNB Tests Trading and Settlement of Digital Central Bank Money

Published: September 28, 2023

Digital central bank money is moving ever closer. Even so, the monetary authorities of Switzerland, France, and Singapore reiterate the project is «purely experimental.»

Source: finews.com