Category: BIS

Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank-issued digital currencies. 2901 Total views 36 Total shares The central banks of Australia, Singapore, Malaysia and South Africa have announced a joint initiative to trial international settlements using central bank digital currencies (CBDCs). The initiative, dubbed Project Dunbar, […]

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BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

The new platform was announced as part of the BIS Innovation Hub’s priorities and programs for 2021. Benoit Coeure, head of the BIS Innovation Hub(Andrej Klizan/Flickr) Jan 22, 2021 at 2:48 p.m. UTC BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments The Bank of International Settlements (BIS) Innovation Hub listed its […]

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Will they or won’t they? Central banks eye each other’s digital currency moves

Will they or won’t they? Central banks eye each other’s digital currency moves

Canada doesn’t want any “surprises” regarding central bank digital currencies. In a recent interview with Reuters, Bank of Canada Governor Tiff Macklem doubled down on the country’s contingency-plan approach to CBDCs, stressing that he sees no urgent need to issue one right now.  For Macklem, inter-state competition and coordination remains the key question when it […]

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