The Reserve Bank of Australia (RBA) announced that it will conduct a pilot program to explore the use cases and potential economic benefits for central bank digital currencies (CBDCs).
This program will be carried out by the Digital Finance Cooperative Research Center (DFCRC), through a research…
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CBDC
The Bank of Thailand will work on tests with CBDC
The Bank of Thailand (BOT) announced that it will soon take the development of its own CBDC to the pilot stage, which is scheduled to start at the end of 2022.
As detailed by the financial institution, the real application of this will…
The US Treasury highlights the importance of CBDC
The US Treasury's Bureau of Financial Research recently indicated that central bank digital currencies (CBDC) can increase the stability of the banking system.
The institution's researchers indicated that in difficult times, clients often…
Jamaica will launch its Jam-Dex in June 2022
The Governor of the Central Bank of Jamaica, Richard Byles, announced that the digital currency, CBDC, will be available to the public between the months of June and August in order to improve the quality of life of Jamaican entrepreneurs…
Brazil will launch its CBDC this year
The president of the Central Bank of Brazil, Roberto Campos Neto, reported that the pilot program of a digital currency issued by the institution will be applied this year.
As indicated by the president of the entity, this is expected to…
Central Bank of Canada and MIT develop digital currency
The Central Bank of Canada announced a partnership with the Massachusetts Institute of Technology (MIT) to begin a central bank digital currency (CBDC) research and development project. The financial organization also seeks to analyze the…
Brazil will work with private allies in its digital currency
The Central Bank of Brazil (BC) selected nine companies as allies to work together on the development of its digital currency, CBDC, where some decentralized finance (DeFi) platforms such as Aave, the Brazil-based digital asset exchange…
Mitsubishi UFG bank launches progmacoin stablecoin
Mitsubishi UFJ (MUFG Bank) financial institution launched progmacoin, a blockchain-based stablecoin that is pegged to the Japanese yen. The bank entered into an alliance with Japan's SBI Group and Daiwa Securities for the purpose of instant…
Crypto platform EuroSwap could boost digital euro
The crypto platform EuroSwap has a work team focused on clarifying doubts in common people about cryptocurrencies, blockchain technology and the future of the digital euro.
According to the platform, there are currently many doubts in the…
Peru works on its own CBDC
Peru works on its own CBDC. This was announced this Wednesday by Julio Velarde, president of the Central Reserve Bank of Peru (BCRP). The banking authorities of the South American country work with the central banks of India, Hong Kong and…
IMF proposes global standards for CBDC
The International Monetary Fund (IMF) recently published a series of regulations that are aimed at emerging markets and developing economies in terms of cryptocurrency adoption.
The IMF believes in the potential of digital assets as a tool…
Visa is designing a blockchain interoperability system
The multinational financial services company Visa reported that it is working on the design of a blockchain system that tries to be a "universal adapter" that facilitates the connection of multiple" cryptocurrencies, stablecoins as well as…