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Understand the significance of central bank digital currencies (CBDCs) and their impact on the global financial system. Explore various national initiatives.
Understand the significance of central bank digital currencies (CBDCs) and their impact on the global financial system. Explore various national initiatives.
Payment Systems Department, Bank of the Lao PDR and Soramitsu signed a Memorandum of Understanding (MOU) to launch CBDC Proof of Concept on February 6, 2023
On January 05, 2023, the Central Bank of Mexico (Banxico) stated that the announced launch of the Central Bank’s (CBDC) digital currency was going to be delayed. According to the original plan, Digital Peso was to be released in 2024.
Last month Brazilian president Inácio Lula da Silva and his Argentine counterpart, Alberto Fernandez, reignited the idea of a common currency as a means towards an economically independent future.
ObserversLast month Brazilian president Inácio Lula da Silva and his Argentine counterpart, Alberto Fernandez, reignited the idea of a common currency as a means towards an economically independent future.
ObserversPayment Systems Department, Bank of the Lao PDR and Soramitsu signed a Memorandum of Understanding (MOU) to launch CBDC Proof of Concept on February 6, 2023
Alex HarutunianOn January 05, 2023, the Central Bank of Mexico (Banxico) stated that the announced launch of the Central Bank’s (CBDC) digital currency was going to be delayed. According to the original plan, Digital Peso was to be released in 2024.
ObserversThe Central Bank of Nigeria has slightly eased the cash withdrawal limits policy announced earlier. Nigeria is still on route to a full non-cash economy
Alex HarutunianOn November 30, right after G20 Summit in Indonesia, the Central Bank of the country presented the "Garuda Project" - a road map for the development and implementation of CBDC in the national economy.
Alex HarutunianThe Central Bank of Nigeria (CBN) issued a new cash withdrawal limit policy with effect from January 9, 2023, to push eNaira.
Alex HarutunianThe call for participants in Australian CBDC project pilot has received significant interest. At almost the same time, Australian Securities Exchange (ASX) cancelled its plans for its settlement system upgrade that utilized blockchain technology.
Alex HarutunianThe New York Innovation Center (NYIC), a joint project of US Fed and BIS, is launching a proof-of-concept project to explore the feasibility of an interoperable network of digital central bank liabilities and commercial bank digital money using distributed ledger technology.
Alex Harutunian