Posts Tagged ‘central bank digital currency’
What future for UK Open Banking under a Labour leadership?
The Labour Party has revealed its plans for the UK’s financial services sector, including Open Banking and Open Finance, should it come to power at the next general election.
Read MoreBIS demonstrates feasibility of cross-border wCBDCs using DeFi
Project Mariana, jointly developed by three BIS Innovation Hub centres and the central banks of France, Singapore and Switzerland, launched last year.
Read MoreRegulators need to create ‘right commercial incentives’ to drive Open Banking take-up
Speaking at a Westminster Business Forum policy conference, Lucy Beverley, director, economics, competition and regulatory finance at KPMG, talked about regulation keeping pace with innovation in UK payment services.
Read MoreInsight: Exploring the potential for a digital euro
Barry Rodrigues, EVP payments at Finastra, writes about the many challenges associated with creating a digital currency in Europe and how banks can overcome the threats from CBDCs.
Read MoreValue of CBDC payments to hit $213bn annually by 2030
A new study by Juniper Research found that governments’ efforts to improve financial inclusion will be behind the growth.
Read MoreCBDC collaboration ‘Project Icebreaker’ publishes learnings on cross-currency payments
The BIS Innovation Hub Nordic Centre, Bank of Israel, Norges Bank, and Sveriges Riksbank worked together to test cross-border transactions between different retail CBDCs.
Read MoreUAE’s central bank to issue CBDC and launch instant payments platform
The implementation of new digital payment infrastructure and services is the first stage of a new Financial Infrastructure Transformation Programme.
Read MoreSaudi Central Bank teams up with fintechs and banks on wholesale CBDC project
The Governor of SAMA, Fahad Almubarak, stated that local banks and payment companies “will always be a cornerstone of this project”.
Read MoreTurkey’s central bank conducts first Digital Lira payment transactions
In other central bank digital currency news, the Federal Reserve Bank of Boston’s joint research effort with the Massachusetts Institute of Technology (MIT) into a potential CBDC has come to an end.
Read MoreCentral banks of France and Luxembourg take part in wholesale CBDC experiment
The ‘Venus Project’ saw the issuance of a €100 million digital native bond by the European Investment Bank under Luxembourg law, and settled using a tokenised representation of euro central bank money.
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