CBDC
BIS and Global Central Banks to Explore Asset Tokenization in "Project Agora"
The BIS collaborates with major central banks to study asset tokenization's potential to enhance the monetary system and cross-border efficiencies.
Hong Kong HKMA Advances CBDC Development with Phase 2 of e-HKD Pilot
The HKMA has initiated Phase 2 of the e-HKD pilot program, focusing on the tokenization and programmability of digital currency.
HKMA Launches Project Ensemble to Bolster Tokenisation in Finance
HKMA initiates Project Ensemble, a key move to advance the tokenisation market and explore wCBDC applications in Hong Kong's financial sector.
HashKey Group Partners with HKMA on Groundbreaking wCBDC Project
HashKey Group collaborates with HKMA on a wCBDC initiative to revolutionize interbank settlements and tokenized asset management.
U.S. Senate Bill Seeks to Limit Federal Reserve's Role in CBDC Issuance
A new Senate bill, dubbed the CBDC Anti-Surveillance State Act, proposes strict limitations on the Federal Reserve's involvement with CBDCs.
Regulating the Metaverse: BIS's Call for Unity
BIS emphasizes the need for interoperable payment technologies and robust regulatory framework to prevent metaverse fragmentation and private interests dominance, emphasizing Central Bank Digital Currencies' importance.
UAE Central Bank Pioneers Digital Dirham Transfer to China via mBridge
The UAE Central Bank achieved a significant milestone by executing its first cross-border digital dirham transfer worth 50 million dirhams ($13.6 million) to China using the mBridge platform on January 29, marking a new era in digital currency transactions.
Japan Accelerates Digital Yen Plans Amidst Global CBDC Race
Japan is advancing its plans for a digital yen, with the Bank of Japan set to pilot a CBDC program and the finance ministry preparing an expert panel to address legalities, signaling a significant shift in Japan's traditional cash-centric economy.
UK Advancing Towards a Digital Pound: Exploring CBDC Feasibility
The UK's Bank of England (BoE) and HM Treasury are advancing into the second phase of exploring the feasibility of a digital pound, also known as "Britcoin." A final decision is yet to be made, with a focus on user privacy and coexistence with cash.
BIS Advances Technology in Finance: Quantum, AI, and Green Initiatives for 2024
The Bank for International Settlements announces six innovative projects for 2024, focusing on quantum security, AI, and green finance, to enhance global financial system resilience.