Here’s the first multi-CBDC settlement project and participating countries
Australia, Malaysia, Singapore and South Africa will be participating in the multi-CBDC platform pilot led by the Bank of International Settlements.
Get the latest CBDC news, central bank digital currency policy updates, pilot programs, privacy debates, and global monetary developments.
President Biden is set to sign an order which will allow federal agencies study the impact of crypto on the economy.
Central Banks all around the world have been working on their own digital currencies. While some are at the verge of launching it, some just started working. Either way, IMF acknowledges the movement and states their support while the society thinks otherwise.
The executive order is reportedly aimed at directing state agencies to formulate a government-wide strategy to regulate crypto assets and examine financial stability issues that may arise from digital assets.
Let the private sector come up with a solution to the CBDC dilemma. Maybe you heard it before, but the U.S. already has a, or rather several, digital dollars. They’re called stablecoins, and all the U.S. government basically has to do, to leapfrog China, is to say okay.
While the Chinese digital yuan is being rolled out during the Beijing Winter Olympics, the European Union is now planning to propose a bill for a digital euro early next year.
Project Hamilton released the first round of results in modeling a digital dollar.