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France Starts Second Stage of Wholesale CBDC Experiments, Central Bank Governor Says
12.7.2022
Digital Real Will Be Used by Banks in Brazil as Collateral to Issue Their Own Stablecoins
7.6.2022
The Brazilian central bank digital currency (CBDC), the digital real, will be more of a wholesale asset instead of a public retail-focused token, according to statements from the president of the Central Bank of Brazil, Roberto Campos Neto. Campos Neto indicated that private banks in the country...
The Philippines will launch pilot wholesale central bank digital currency project
27.4.2022
Retail digital payments are growing, but the country needs to implement further payment and financial inclusion reforms before a retail CBDC will be needed
Morgan Stanley Says Wholesale Banks Can Thrive in a More Regulated Crypto Market
25.4.2022
The revenue opportunity could reach as much as $16 billion in the next three to five years, the bank’s analysts said
South Africa finishes technical PoC for wholesale CBDC settlement system
8.4.2022
The South African Reserve Bank stated further work would be undertaken to study the findings from the project and used to inform policy and regulatory responses to DLT and CBDCs
More than three-quarters of central banks considering a CBDC: research
5.4.2022
The report by PwC shows that 80% of central banks are considering or have already launched a CBDC
Argentinian Government Raises Energy Costs Almost 4x for Cryptocurrency Miners
4.2.2022
The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the wholesale power market in the Tierra del Fuego province, one of the provinces more notably...
Swiss National Bank Trials CBDC in Transactions With Five Banks
14.1.2022
The Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out together with the Bank for International Settlements and Switzerland’s financial services...
Swiss central bank tests wholesale CBDC with commercial partners
13.1.2022
The Swiss National Bank integrated wholesale CBDC in banking systems with five commercial banks as part of the second phase of Project Helvetia
Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial
9.12.2021
Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project used distributed ledger technology and was realized with help from private firms....
Australian Reserve Bank’s ‘Project Atom’ CBDC research finds numerous benefits
9.12.2021
Following Treasurer Josh Frydenberg’s “payments and crypto reform plan,” the RBA has published a report exploring DLT tech and wholesale CBDC issuance
Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger
25.9.2021
The Central Bank of Bhutan, the Royal Monetary Authority (RMA), has partnered with Ripple to start testing a model of its central bank digital currency (CBDC) using Ripple’s technology. The test will be using Ripple’s own CBDC private ledger, to support similar use cases. The pilot...
Second largest US mortgage lender will accept crypto payments this year
19.8.2021
Speaking during a conference call about the firm’s Q2 results, United Wholesale Mortgage CEO Mat Ishbia outlined plans to accept crypto payments this year
Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector
11.6.2021
The central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border transactions. The experiment will be conducted with the help of a private sector consortium led by Accenture. European Central...
Amazon Union Vote Fails in Bessemer, as Union Calls for Investigation
9.4.2021
Amazon has won the first round in its fight to squash a union in its Bessemer, Alabama, warehouse. Hundreds of contested ballots remain, but Amazon has reached the minimum threshold of 1,608 “no” votes needed to prevent workers from joining the Retail, Wholesale and Department Store Union (RWDSU)....
Twitch Removes Amazon's Anti-Union Ads After Furious Streamer Response
25.2.2021
Earlier this week, it came to light that Twitch was running ads in blatant opposition to the Amazon warehouse worker unionization effort in Bessemer, Alabama. Streamers, who had no say in whether or not these ads appeared during their broadcasts, were outraged. Today, Twitch has removed the...
Swiss Wholesale CBDC Trial Shows ‘Feasibility’ for Central Bank Money on Distributed Ledger, BIS Says
3.12.2020
A Swiss experiment on how central bank money can be linked to markets built on distributed ledger technology (DLT) yielded positive results
Singapore ready to launch wholesale CBDC, local exec says
20.11.2020
CFO at Singapore's central bank told Cointelegraph about his plans to implement Singapore's wholesale CBDC
Most Central of All Banks Releases 12 Design Elements For a Wholesale Token
13.12.2019
The Committee on Payments and Market Infrastructures (CPMI), hosted by the central bank of central banks, the BIS, has released a report which informs developers and market participants how wholesale digital tokens might look like.
Today, wholesale payments between financial institutions...
Bank to Basics: USC Project Seeks to Disrupt Traditional Wholesale Banking
10.6.2019
The USC project is set to have a big impact on wholesale banking: “We didn’t know if the characteristics were possible. The funding signals that it is possible”