Latest CBDC News: Finextra Research

Quant and UST join forces to push tokenisation

Blockchain outfit Quant is teaming up with UST to push the adoption of institutional digital assets by offering technical integration and tokenisation services to central and commercial banks and capital markets participants.

22 November 2022

News/crypto

FTX implosion shows need for crypto regulation - BofE's Cunliffe

The collapse of FTX, and the fact that its failures were more organisational than technological, highlights the importance of properly regulating the crypto sector, says Bank of England deputy governor Jon Cunliffe.

21 November 2022

News/security

BIS Innovation Hub launches new prototype CBDC

Tourbillon is a new project which aims to explore how to improve cyber resiliency, scalability, and privacy as a prototype CBDC. The project has been launched by BIS Innovation Hub’s Swiss Centre.

14 November 2022

News/payments

New York Fed and MAS test wCBDC for cross border payments

The Monetary Authority of Singapore and the Federal Reserve Bank of New York are teaming up to explore the use of wholesale CBDCs for cross-border payments.

11 November 2022

News/payments

New York Fed tests wholesale CBDC for cross-border payments

The Federal Reserve Bank of New York has developed a wholesale CBDC prototype for an experiment on cross-border digital currency transactions supported by blockchain technology.

09 November 2022

News/crypto

Singapore Fintech Festival 2022: MAS MD Menon equates fintech transformation to Wu Xing

Day two of Singapore Fintech Festival kicked off with Ravi Menon, managing director of the Monetary Authority of Singapore on the global plenary stage highlighting that innovation and digitalisation of financial services has marched on, gathered pace, and has become more pervasive.

04 November 2022

News/payments

MAS targets cross-border connectivity in wholesale CBDCs

The Monetary Authority Of Singapore (MAS) is stepping up its work on cross-border foreign exchange settlement using wholesale central bank digital currency.

04 November 2022

News/crypto

Singapore Fintech Festival 2022: Inside Project Guardian

In a session titled 'Unlocking TradFi with DeFi' at Singapore Fintech Festival 2022, DBS, JP Morgan and SBI Digital Asset Holdings explored how they were able to launch the first industry pilot under MAS’ Project Guardian, exploring potential DeFi applications in wholesale funding markets after completing its first live trades.

02 November 2022

News/inclusion

India begins digital rupee pilot

The Reserve Bank of India has begun a wholesale digital rupee pilot, with a retail trial set to follow within weeks.

01 November 2022

$Sibos 2022: Are fractionalised digital assets red herrings?$

News/crypto

Sibos 2022: Are fractionalised digital assets red herrings?

Discussions around the recent digital asset boom and its acceleration despite the market for tokenised securities remaining nascent kicked off at Sibos 2022 in Amsterdam. Sitting on a panel, Yuval Rooz, CEO and co-founder of Digital Asset, highlighted that he believes that “fractionalisation is a red herring.”

12 October 2022

News/crypto

Sibos 2022: MAS chief floats private blockchain networks for cross-border payments

Private sector-led blockchain-based networks and stablecoins could fix "slow, opaque and inefficient" cross-border payments, says Monetary Authority of Singapore managing director Ravi Menon.

12 October 2022

News/regulation

Barclays awards Lloyds Bank first place in CBDC Hackathon

Taking place over two days at the bank’s fintech hub, Rise, the Barclays CBDC Hackathon saw nine teams attempt six key challenges as they competed to create ‘the future of money.’

30 September 2022

News/payments

Central banks explore CBDC for international retail payments

The central banks of Israel, Norway and Sweden are working with the Bank for International Settlements to explore how CBDCs can be used for international retail and remittance payments.

29 September 2022

News/crypto

Hong Kong to lay the foundations for e-HKD

The Hong Kong Monetary Authority has committed to rolling out a retail central bank digital currency (CBDC) after a positive response to consultations scoping out the technical and policy perspectives.

21 September 2022

News/crypto

White House sets out digital asset framework

The White House has put together a framework for the "responsible development" of digital assets that includes a more aggressive push by regulators to take on fraud in the sector.

16 September 2022

News/crypto

ECB taps CaixaBank and Amazon for digital euro prototypes

The European Central Bank has picked five partners - including CaixaBank and Amazon - to help it develop a digital euro prototype.

16 September 2022

News/crypto

Norwegian central bank taps Ethereum for CBDC work

Norway's central bank has made the source code for its CBDC sandbox publicly available and confirmed that the prototype infrastructure for the project is based on Ethereum technology.

16 September 2022

News/crypto

Digital Dollar Project launches sandbox programme

The Digital Dollar Project has launched a technical sandbox programme as it bids to jumpstart the exploration of a US CBDC.

01 September 2022

News/payments

FIS targets central banks with real-time payments and CBDC tech

Fintech giant FIS has launched an infrastructure offering to help central banks make the move to real-time payments and CBDCs.

29 August 2022

News/regulation

UN urges curbs on crypto uptake in developing countries

The United Nation’s Conference on Trade and Development, UNCTAD, has released three policy briefs on the dangers of cryptocurrency in light of the rising use of digital assets in developing countries.

12 August 2022