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Sounds like its CBDC is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon.
The CEO of the Hong Kong Securities and Futures Commission (SFC) recently stated that security tokens must be regulated by the regulatory authority.
Central bank digital currency (CBDC) across global economies appear to be inevitable, as central banks have been issuing their own pilot tests of CBDC.
The Reserve Bank of Australia has partnered with leading Australian banks and ConsenSys Software to explore wholesale CBDCs and distributed ledger technology (DLT).
China’s digital yuan pilot program is picking up speed.
The project will “explore if there is a future role for a wholesale CBDC in the Australian payments system,” according to the RBA.
Do Europeans want a decentralized digital euro that does not rely on a central intermediary? The European Central Bank is asking for public opinion on CBDC with a new survey.
Australia’s central bank partners with ConsenSys and local banks for proof of concept
As the global financial crisis accelerates, cryptocurrency has returned to mainstream public discourse. You know bitcoin has reached some level of legitimacy when Bloomberg Radio quotes its price.
Digital innovation and central bank digital currency adoption (CBDC) have been on the rise despite the ongoing COVID-19 pandemic. What has driven CBDC forward?
Cambodia’s blockchain-powered payment system goes live
The Reserve Bank of Australia (RBA), which went on record in September stating that there is no need for Australia to develop a digital AUD, announced that it is working with other banks and partners to develop a wholesale central bank digital currency (CBDC) based on distributed ledger technology (DLT). The partnership includes Commonwealth Bank, National Australia Bank, and blockchain tech firm Perpetual and Consensys Software.
Former IMF Chief and President of the European Central Bank solicited input on possible CBDC