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Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases
27.1.2023
Saudi Arabia’s central bank digital currency (CBDC) experiment, which is being carried out in conjunction with local banks and fintechs, is presently focused on domestic wholesale uses cases, the central bank has said. Meanwhile, the Saudi Minister of Finance has said CBDCs can be...
UK ‘Fully Behind’ Stablecoin for Wholesale Settlements, Treasury Official Says
10.1.2023
Crypto technology could “turbocharge all of those (financial) industries,” Economic Secretary to the Treasury Andrew Griffith said in a meeting
Bank of Spain to Launch Experimental Wholesale CBDC Digital Token Program
8.12.2022
The Bank of Spain is seeking the collaboration of organizations interested in participating in an experimental test on a wholesale central bank digital currency (CBDC). The institution clarified this new program has no relation with the current investigation on a possible digital euro, and has...
Spain’s central bank to experiment with wholesale CBDCs
8.12.2022
The Bank of Spain said the study can help determine to what extent it can adapt to the "needs and demands of an increasingly digital society.”
Spain’s Central Bank Opens Call for Proposals for Wholesale CBDC Project
7.12.2022
The proposal period will be open until January 31, 2023 for financial institutions and technology solution providers
New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’
19.11.2022
Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and regulated non-banks. The New York Fed details that...
Big Banks, NY Fed Start to Test Digital Tokens for 'Wholesale' Transactions
15.11.2022
A group of major banks have commenced a pilot project alongside the Federal Reserve Bank of New York to test the feasibility of using tokens representing digital dollars to improve how central bank money is settled between institutions
FX spot settlement in 10 seconds: NY Fed releases results of wholesale CBDC research
4.11.2022
Project Cedar successfully used custom distributed ledger technology to settle hypothetical transactions quickly “from the perspective of the Federal Reserve.”
‘Atomic Settlement’ — New York Fed Completes First Phase of Digital Dollar Experiment Called ‘Project Cedar’
4.11.2022
The Federal Reserve Bank of New York has published findings stemming from an experiment dubbed “Project Cedar,” a protocol that uses a wholesale digital dollar in order to improve financial transactions. Michelle Neal, head of the bank’s Markets Group remarked on Friday that...
Singapore's MAS Starts Wholesale CBDC Project With French and Swiss Central Banks
3.11.2022
The project comes a day after the central bank announced new projects aimed at trade finance and wealth management
Singapore Carries Out First Trades in DeFi Pilot for Wholesale Funding Market
2.11.2022
The banks involved in the pilot were DBS, JPMorgan, and SBI Digital Asset
India's Central Bank to Start Wholesale CBDC Pilot Nov. 1
31.10.2022
The Reserve Bank of India will begin its wholesale e-rupee pilot project on Nov. 1 with a focus on settlement of secondary market transactions in government securities
Bank of Thailand Needs More Time to Complete and Launch Retail Digital Currency
31.10.2022
The central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to the head of the monetary authority, the development of the state-issued coin may take several years. Thailand’s Central Bank Wants to Better...
BIS releases full report on mBridge wholesale CBDC platform after successful pilot
26.10.2022
The Bank for International Settlements is on a roll with its third publication within days detailing how commercial banks in four jurisdictions transferred funds using CBDC
Hong Kong Presents Digital Currency Prototype, Project Aurum
24.10.2022
Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens...
ECB should have DLT wholesale settlements when the market wants it, official says
26.9.2022
Executive board member Fabio Panetta says it would undermine financial stability if the ECB were unprepared to use distributed ledge technology, but that’s the best he can say for it
South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’
19.8.2022
According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not mean financial institutions should avoid or eliminate risks via the wholesale termination of client relationships with entities such as crypto asset service...
Bank Indonesia Prepares to Issue Digital Rupiah as Legal Tender for Digital Payments
23.7.2022
The central bank of Indonesia is working to issue a wholesale digital rupiah. The new currency is meant to be the only legal tender for digital transactions in the country while the regulator also wants to ensure that it will be exchangeable across borders. Digital Rupiah Concept Expected by Year...
Reserve Bank of India Is Working on ‘Phased Implementation’ of Central Bank Digital Currency
21.7.2022
India’s central bank, the Reserve Bank of India (RBI), is working on a “phased implementation of a central bank digital currency (CBDC) in both wholesale and retail segments.” Necessary amendments have been made to the RBI Act, 1934 to allow the central bank to pilot and issue...
French central bank head announces beginning of wholesale digital euro project phase 2
12.7.2022
The French presidency of the European Union winds down with the completion of wCBDC experiments, design of proprietary blockchain and automated market maker platform